MobiKwik Q1 FY27: PAT ₹7.6 Cr, EBITDA ₹15.8 Cr, Payments GMV ₹587 Bn
MobiKwik reported Q1 FY27 PAT of ₹7.6 Cr and EBITDA of ₹15.8 Cr. Payments GMV reached ₹587 Bn, up 50% YoY. Financial services gross profit grew 5.6x YoY. The company targets full-year PAT profitability and expects lending disbursements to reach ₹1,000 Cr per quarter.
The announcement includes strong financial performance metrics and positive future guidance, which are material to investors and indicate the company's growth trajectory.
The company reported strong financial results, including profitability for three consecutive quarters, significant YoY growth in key metrics like PAT, EBITDA, and GMV, and a positive outlook for future performance.
One MobiKwik Systems Limited has released the transcript of its Earnings Call for Analysts and Investors held on August 03, 2026. The company reported a strong Q1 FY27, marking its most successful and profitable quarter to date. The Profit After Tax (PAT) stood at ₹76 million (₹7.6 crore), with the company now being profitable for three consecutive quarters. The PAT swing from Q1 last year to Q1 this year was ₹495 million. EBITDA was reported at ₹158 million (₹15.8 crore), showing a YoY improvement of ₹470 million.
In the payments segment, gross profit grew 31% YoY to ₹777 million (₹77.7 crore). The financial services gross profit saw a significant increase, growing 5.6x YoY to ₹433 million (₹43.3 crore), indicating robust credit quality. The company's contribution profit rose by 66% YoY. Credit quality improved by 25%, with 60% of loans disbursed to repeat customers.
The platform GMV reached an all-time high of ₹587 billion, a 50% increase YoY, marking the 14th consecutive quarter of growth. MobiKwik's UPI transactions grew 5x faster than the industry average, positioning it as the second fastest-growing TPAP (UPI app). Direct costs were compressed by 21% YoY, with payments direct costs down 15% and lending direct costs down 40%.
MobiKwik is targeting full-year PAT profitability for FY27 and expects continued growth in GMV and revenue for both payments and financial services businesses. The company aims to keep fixed costs anchored to ensure incremental contribution flows to EBITDA and PAT. Key focus areas include deepening payments leadership, expanding digital financial services, and creating long-term value.
In the lending business, disbursements are expected to scale from the current baseline of ₹700 crore to ₹1,000 crore per quarter, driven by new lending partners, products, and growth initiatives targeting the existing user base. An AI engine is being employed to reduce drop-offs in the lending funnel.
The payments business is focusing on scaling the merchant acquiring business, both online and offline. While UPI GMV grew, revenue growth in certain card-linked categories has been impacted by regulatory changes. However, the company has translated a 50% YoY GMV growth in payments to a 31% YoY gross profit growth.
Cross-selling opportunities are being leveraged, particularly in lending, targeting an additional ₹150 crore to ₹250 crore in quarterly disbursements from the existing user base of 96 million. The company also plans to develop wealth management products.
MobiKwik's own NBFC is in the process of obtaining its final Certificate of Registration (CoR) after transitioning the digital lending business to a subsidiary, with an expected closure in August. The company has a net cash balance of ₹437 crore.
For FY27, MobiKwik is confident in achieving ₹750 million (₹75 crore) in EBITDA and ₹400 million (₹40 crore) in PAT.
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