One MobiKwik Q1 Results: Firm reports profit for 3rd consecutive quarter; stock jumps 9% on strong performance

One MobiKwik on Monday reported a net profit of Rs 7.6 crore for the June quarter, marking its third consecutive profitable quarter and a sharp turnaround from a loss of Rs 41 crore a year earlier. The strong earnings lifted the stock as much as 9% to Rs 223 on the BSE.

The company’s revenue from operations came in at Rs 281 crore for the quarter under review, an increase of 4% from Rs 271 crore reported in the corresponding quarter of the previous financial year, MobiKwik said in a regulatory filing.

One MobiKwik’s EBITDA turned positive at Rs 8 crore, compared with an EBITDA loss of Rs 42 crore a year ago. Gross margin improved to 37% in Q1 FY27 from 28% in the year-ago quarter.

One MobiKwik Q1 highlights

The company's payments business continued to deliver strong growth, supported by improving unit economics and high operating leverage. It remained the No. 1 PPI wallet in India and ranked among the two fastest-growing UPI apps in the country's UPI ecosystem, with UPI transactions growing 2.3 times year on year.

The company also emerged as the sixth-largest customer operating unit in the BBPS ecosystem. During the quarter, it recorded its highest-ever platform GMV of Rs 58,700 crore, marking its 14th consecutive quarter of growth, with GMV rising 50% year on year in Q1, driven by strong UPI performance across revenue-generating payment categories.

Net payments margin stood at 13 basis points, supported by a healthy mix of payment volumes and merchant monetisation. Gross margin improved to 37% from 28% in the year-ago quarter. The user base expanded to 193 million, while the merchant base grew to 5.02 million.

The company's financial services business continued to deliver strong, high-quality revenue, supported by better credit quality and improved collections. Financial services gross profit surged to Rs 43.3 crore in Q1 FY27 from Rs 7.7 crore in the year-ago quarter.

Net financial services margin expanded fivefold to 5.9% from 1.1% in Q1 FY26, driven by an improvement in credit quality. ZIP EMI GMV stood at Rs 736.7 crore, up 6% year on year, with 32% of disbursals through the distribution model and 68% through the FLDG model. Credit risk performance also improved by around 25%, with 60% of loans being extended to repeat customers.

One MobiKwik Q1 management commentary

The company said the strong quarter was driven by disciplined cost management and stronger monetisation across its payments and financial services businesses. The company said payments GMV touched a record quarterly high, while its financial services business delivered resilient revenue growth along with healthy gross profit margins.

Commenting on the performance, Co-founder, MD and CEO Bipin Preet Singh said the company's results demonstrated that profitability is now embedded in its business model, with Q1 marking its third consecutive profitable quarter even as it continued to invest in growth.

He added that the company remains focused on strengthening its leadership in payments, expanding its digital financial services ecosystem and creating long-term value for customers and shareholders.

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