MobiKwik Q2 FY27: Profit After Tax at ₹11.8 Cr, EBITDA at ₹22.7 Cr
One MobiKwik Systems Limited reported Q2 FY27 PAT of ₹11.8 crore and EBITDA of ₹22.7 crore, its fourth consecutive profitable quarter. Total income was ₹302 crore, up 8% YoY. Merchant GMV grew 76% YoY. Lending disbursals reached ₹1,083 crore. The company projects an additional ₹100 crore in payments revenue in FY28 post-UPI MDR.
The announcement details significant financial growth, including record profits and EBITDA, strong GMV expansion in core business segments, and a positive outlook for future revenue and profitability. The successful implementation of UPI MDR is also expected to significantly boost revenue. These factors are material and likely to impact investor perception and stock performance.
The company reported strong financial performance with its highest-ever PAT and EBITDA, marking its fourth consecutive profitable quarter. Growth in key metrics like total income, revenue from operations, and GMV, coupled with positive outlook for future revenue and profitability, indicates a positive sentiment.
One MobiKwik Systems Limited reported its Q2 FY27 results, marking its fourth consecutive profitable quarter with the highest-ever PAT and EBITDA. Total income stood at ₹302 crore, an 8% year-on-year increase, while revenue from operations grew 9% year-on-year to ₹295 crore. Reported EBITDA reached ₹22.7 crore, a significant jump of ₹29 crore year-on-year and a 44% quarter-on-quarter improvement, with EBITDA margin at a best-ever 7.5%. Profit After Tax (PAT) was ₹11.8 crore, a ₹40 crore improvement year-on-year and a 55% quarter-on-quarter jump.
The company highlighted that contribution profit surged by 50%, with GMV growth in both payments and lending verticals clocking 34-35% year-on-year. Management expressed confidence in delivering stronger revenue growth in upcoming quarters, driven by payments and lending business expansion, cost efficiency, AI utilization, and product innovation.
Discussions also covered the competitive landscape for merchant payments with the upcoming UPI MDR, emphasizing MobiKwik's strong growth in merchant GMV (76% YoY) and revenue (150% YoY). The company expects UPI MDR implementation to create a level playing field and improve unit economics, with an estimated INR 100 crore additional payments revenue in FY28, leading to a target PAT of ₹100 crore for FY28 if UPI MDR is implemented.
In the lending business, disbursals reached ₹1,083 crore in Q2 FY27, with plans to maintain strong double-digit growth. The company is also awaiting final approval from the RBI for its NBFC operations, aiming for an asset-light model with co-lending partnerships.
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One Mobikwik Systems Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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