MobiKwik Q2 FY27 PAT ₹118 Mn, Revenue ₹3,028 Mn; Profitability for 4th Consecutive Quarter
MobiKwik reported Q2 FY27 PAT of ₹118 Mn and revenue of ₹3,028 Mn, marking its fourth consecutive profitable quarter. Platform GMV grew 35% YoY to ₹597 Bn, and Lending GMV rose 34% YoY to ₹10,826 Mn. The company reiterated its FY27 guidance of ₹400 Mn PAT and ₹750 Mn EBITDA. MobiKwik also received its NBFC license, expected to launch in 3-6 months.
The consistent profitability, strong growth in core business segments (Payments and Lending), and the upcoming launch of the NBFC are material developments that are likely to significantly influence investor perception and the company's future trajectory.
The company reported consecutive quarterly profits, significant YoY growth in key metrics like GMV and revenue, and reiterated its full-year guidance. The acquisition of an NBFC license is also a positive development.
One MobiKwik Systems Limited has announced its financial results for the quarter ended September 30, 2026 (Q2 FY27), reporting a Profit After Tax (PAT) of ₹118 Million (Mn) and total revenue of ₹3,028 Mn. This marks the company's fourth consecutive quarter of profitability.
The company's Platform GMV (Gross Merchandise Value), including Zaakpay, grew by 35% year-on-year (YoY) to ₹597 Billion (Bn), representing the 15th consecutive quarter of record GMV. Lending GMV (ZIP EMI Disbursals) saw a significant increase of 34% YoY to ₹10,826 Mn. Total revenue grew 8% YoY to ₹3,028 Mn, with Contribution Profit rising 50% YoY to ₹1,439 Mn. EBITDA for the quarter stood at ₹227 Mn, a substantial YoY swing from a negative ₹64 Mn in Q2 FY26.
MobiKwik highlighted strong performance in its Payments business, with Payments Gross Profit growing 30% YoY and Payments Gross Margin expanding to 38.2%. The Financial Services (FS) business also demonstrated robust growth, with FS Gross Profit increasing 2.2 times YoY to ₹571 Mn at a record gross margin of 65.7%.
The company reiterated its full-year FY27 guidance for PAT of ₹400 Mn and EBITDA of ₹750 Mn. MobiKwik also noted that its Net Worth stood at ₹5,660 Mn, with net cash of ₹3,827 Mn. The company has received the final Certificate of Registration (CoR) for its NBFC and expects to launch it within the next 3 to 6 months.
An inadvertent typo in the Earnings Per Share (EPS) for the consolidated financial results was also corrected, with the EPS revised to ₹1.50 per equity share from the previously reported ₹0.75. This correction has no impact on the company's financial position or performance.
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