Indian fintech firm MobiKwik swings to $1.25m profit in Q2
MobiKwik's registered users reached 196.3 million, up from 183.5 million a year earlier.
MobiKwik reported a profit of Rs 11.83 crore in Q2 of FY27, marking its fourth consecutive profitable quarter and highest quarterly profit. The company's revenue grew 9.4% year-on-year (YoY) to Rs 295.70 crore, driven by higher gross merchandise value (GMV) growth and improved margins. MobiKwik's payment business recorded a 35% YoY growth in GMV to Rs 59,677 crore in Q2 FY27. The registered user base increased to 196.3 million in Q2 FY27, compared to 183.5 million in the same period last fiscal.
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