MobiKwik Reports ₹11.8 Cr Profit In Q2, Revenue Rises 9% YoY
Fintech company MobiKwik reported a consolidated net profit of ₹11.8 Cr in the September quarter of FY27 as against a net loss of ₹28.6 Cr a year earlier, supported by revenue growth and lower payment processing and lending operational costs.
Operating revenue rose 9.4% to ₹295.7 Cr from ₹270.2 Cr in Q2 FY26.
Sequentially, net profit increased 55.4% from ₹7.6 Cr, while operating revenue grew 5.1% from ₹281.5 Cr.
The company had returned to profitability in Q1 FY27 following a loss in the corresponding quarter a year earlier.
Other income declined 22.5% to ₹7.1 Cr from ₹9.1 Cr. Including other income, total income increased 8.4% to ₹302.8 Cr.
Total expenses, including finance costs and depreciation, stood at ₹290.9 Cr in Q2 FY27, down 1.8% from ₹296.1 Cr.
Payment processing charges, MobiKwik’s largest expense, fell 10.8% to ₹119.5 Cr in Q2 FY27 from ₹133.9 Cr. Lending operational expenses declined 88.1% to ₹1.5 Cr from ₹12.8 Cr.
MobiKwik reported EBITDA of ₹22.7 Cr, compared with an EBITDA loss of ₹6.4 Cr in Q2 FY26. Sequentially, EBITDA increased from ₹15.8 Cr.
(The story will be updated soon)
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