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…
Indian fintech firm MobiKwik announced a consolidated net profit of ₹11.8 Crore for the September quarter of FY27, marking a turnaround from a net loss of ₹28.6 Crore in the same period last year. The company attributes this improvement to increased revenue and reduced operational costs.
MobiKwik's operating revenue climbed 9.4% to ₹295.7 Crore in Q2 FY27, up from ₹270.2 Crore in the previous quarter of FY26. On a sequential basis, net profit surged 55.4% to ₹7.6 Crore, while operating revenue expanded 5.1% from ₹281.5 Crore.
In Q1 FY27, MobiKwik returned to profitability after incurring losses in the same quarter a year earlier. Other income decreased by 22.5% to ₹7.1 Crore, but total income still rose by 8.4% to ₹302.8 Crore when including other income. Total expenses, encompassing finance costs and depreciation, decreased by 1.8% to ₹290.9 Crore compared to ₹296.1 Crore in the previous quarter.
Payment processing charges, MobiKwik's primary expense, fell 10.8% to ₹119.5 Crore in Q2 FY27, down from ₹133.9 Crore. Lending operational expenses dropped by an impressive 88.1% to ₹1.5 Crore, a stark contrast to ₹12.8 Crore in the prior quarter. MobiKwik reported an EBITDA of ₹22.7 Crore, a significant improvement from an EBITDA loss of ₹6.4 Crore in Q2 FY26. Sequentially, EBITDA also increased from ₹15.8 Crore.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
