Fintech platform MobiKwik has announced its financial performance for the second quarter of the fiscal year ending in March 2027 (Q2 FY27). MobiKwik experienced a year-on-year growth of over 9% in operating revenue, achieving its highest ever profit after tax (PAT) of Rs 11.8 crore. The company’s operating revenue increased to Rs 295.7 crore in Q2 FY27, up from Rs 270.2 crore in Q2 FY26, as indicated by its unaudited financial statements sourced from the National Stock Exchange (NSE). The total income for MobiKwik reached Rs 302.7 crore in Q2 FY27, a rise from Rs 279.3 crore in the previous year, which included Rs 7 crore from non-operating income.
Key Revenue Contributors for MobiKwik
MobiKwik’s primary revenue sources included commissions from recharges, loan servicing, and income from payment gateway and technology platform services. However, the company did not provide a breakdown of segment revenue in its quarterly report.
Sequential Growth in Revenue
On a sequential basis, the operating revenue for MobiKwik rose by 5% from Rs 281.5 crore in Q1 FY27. The platform’s gross merchandise value (GMV) surged by 35% year-on-year, reaching a record quarterly high of Rs 59,677 crore in Q2 FY27, compared to Rs 44,114 crore in the equivalent quarter last year. Lending disbursals also saw a significant increase of 34%, amounting to Rs 1,082.6 crore, up from Rs 807.1 crore during the same period.
Expenses and Profitability
In terms of expenditure, payment gateway charges remained MobiKwik’s largest cost factor in Q2 FY27, representing over 42% of total costs. Employee benefit expenses increased by 59% to Rs 56.2 crore for the quarter. The company recorded financial guarantee costs of Rs 28.3 crore, while legal, advertising and marketing, finance, and other overheads added to overall expenses. MobiKwik reported total expenses of Rs 290.9 crore in Q2 FY27, slightly lower than the Rs 296 crore reported in the same quarter of the previous year.
MobiKwik achieved its highest ever quarterly PAT of Rs 11.8 crore in Q2 FY27, an improvement from a loss of Rs 28.6 crore seen in the same quarter last year. Sequentially, profit grew by 55% from Rs 7.6 crore in Q1 FY27. The Gurugram-based company also announced its highest quarterly EBITDA at Rs 22.7 crore, in contrast to an EBITDA loss of Rs 6.4 crore in Q2 FY26, and this marked the fourth profitable quarter in a row.
As of 1:38 PM, MobiKwik shares were trading over 4% higher at Rs 223.5 each, giving the company a market capitalisation of approximately Rs 1,770 crore.