MobiKwik Q1 FY27: PAT ₹76 Mn (swing ₹495 Mn YoY), EBITDA ₹158 Mn, GMV ₹587 Bn
MobiKwik reported its third consecutive profitable quarter for Q1 FY27, with PAT at ₹76 Mn (a ₹495 Mn YoY swing) and EBITDA at ₹158 Mn. Platform GMV reached a record ₹587 Bn, up 50% YoY. Financial Services Gross Profit grew 5.6x YoY to ₹433 Mn, and Net FS Margin increased to 5.9%.
The announcement details strong financial results, record growth metrics, and sustained profitability, which are material to investors and stakeholders, indicating a positive trajectory for the company.
The company has reported its third consecutive profitable quarter with significant year-on-year improvements in PAT and EBITDA, alongside record GMV growth. This indicates a strong positive financial performance and operational efficiency.
One MobiKwik Systems Limited announced its earnings for the quarter ended June 30, 2026 (Q1 FY27), reporting its third consecutive profitable quarter. The company achieved a Profit After Tax (PAT) of ₹76 Mn, representing a positive swing of ₹495 Mn year-on-year. The EBITDA for the quarter stood at ₹158 Mn, marking a significant improvement of ₹470 Mn YoY. This continued profitability momentum builds upon the turnaround seen in the second half of FY26.
The company's core payments business demonstrated strong growth, with Platform Gross Merchandise Value (GMV) reaching an all-time quarterly high of ₹587 Bn, growing 50% YoY. MobiKwik was also noted as the second fastest-growing UPI TPAP App in India, with its UPI transactions growing five times faster than the overall industry. The Net Payments Margin was reported at 13 basis points, with a gross margin of 37%.
The Financial Services business also showed robust performance, with Financial Services Gross Profit increasing 5.6 times YoY to ₹433 Mn. The Net Financial Services Margin increased five-fold YoY to 5.9% in Q1 FY27, attributed to improved credit quality. ZIP EMI GMV reached ₹7,367 Mn, a 6% YoY growth. The company highlighted an approximate 25% improvement in credit risk performance, with 60% of loans disbursed to repeat customers.
Commenting on the results, Bipin Preet Singh, Co-founder, MD & CEO, stated, "Our Q1 FY27 performance reinforces that profitability is embedded in our business model, with three consecutive profitable quarters alongside continued investments in growth." He further emphasized continued focus on deepening payments leadership and expanding the digital financial services ecosystem.
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