MobiKwik delivered a 55% sequential surge in net profit alongside an operational turnaround to an all-time high EBITDA of Rs 22.7 crore. Growth was driven by substantial expansion in payment processing and lending disbursals, alongside a 150% rise in merchant payments revenue. Rapid adoption of internal artificial intelligence tools also accelerated product delivery times across the firm. Despite the post-earnings share surge to Rs 234.99, the fintech firm remains down over 14% over the past year.
Key points
Expanding payment margins and reduced operating costs have established sustained quarterl…: Expanding payment margins and reduced operating costs have established sustained quarterly profitability across the enterprise.
Deep integration of AI in software development is significantly speeding up operational d…: Deep integration of AI in software development is significantly speeding up operational delivery and deployment cycles.
Strong earnings growth has begun stabilizing the stock price following a prolonged annual…: Strong earnings growth has begun stabilizing the stock price following a prolonged annual decline.
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Sequentially, net profit rose more than 55% from Rs 7.6 crore in the first quarter of FY27. Revenue from operations increased 9% year-on-year to Rs 1,082.6 crore in the quarter under review.
Mobikwik also posted its highest-ever quarterly EBITDA at Rs 22.7 crore, marking a sharp YoY turnaround from an EBITDA loss of Rs 6.4 crore in the corresponding quarter of FY26. The latest quarter marked the company’s fourth consecutive profitable quarter. The company said its strong performance was driven by accelerating GMV growth and improved operating margins.
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The fintech platform’s gross merchandise value (GMV) hit an all-time high of Rs 59,677 crore, marking a 35% YoY jump in the payments business. Lending disbursal GMV meanwhile increased 34% YoY to Rs 1,083 crore. Improved margins across payments and financial services resulted in a contribution profit of Rs 143.9 crore, up 50% YoY, the company said in a press release.
“Q2 FY27 marks our fourth consecutive profitable quarter,…
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