MobiKwik shares zoom 10% as fintech firm posts record Rs 12 crore profit in Q2

Shares of One MobiKwik Systems surged nearly 10% on Monday afternoon after the fintech platform returned to profitability, reporting its highest-ever quarterly consolidated net profit of Rs 11.8 crore in the second quarter of FY27, compared with a net loss of Rs 28.6 crore in the corresponding quarter of the previous financial year.


Sequentially, net profit rose more than 55% from Rs 7.6 crore in the first quarter of FY27. Revenue from operations increased 9% year-on-year to Rs 1,082.6 crore in the quarter under review.
Mobikwik also posted its highest-ever quarterly EBITDA at Rs 22.7 crore, marking a sharp YoY turnaround from an EBITDA loss of Rs 6.4 crore in the corresponding quarter of FY26. The latest quarter marked the company’s fourth consecutive profitable quarter. The company said its strong performance was driven by accelerating GMV growth and improved operating margins.


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The fintech platform’s gross merchandise value (GMV) hit an all-time high of Rs 59,677 crore, marking a 35% YoY jump in the payments business. Lending disbursal GMV meanwhile increased 34% YoY to Rs 1,083 crore. Improved margins across payments and financial services resulted in a contribution profit of Rs 143.9 crore, up 50% YoY, the company said in a press release.

“Q2 FY27 marks our fourth consecutive profitable quarter, reflecting the rapid progress we are making towards building a sustainable business,” said Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik. He highlighted that the company has crossed the Rs 1,000 crore milestone in lending disbursals and clocked 150% year-on-year revenue growth in merchant payments.

“We believe that the operating leverage in our business model will compound as we evolve into an AI-first company. Our continued focus on cost optimization and operating efficiency is further strengthening our operating model and will drive profitability as we scale,” he added.

MobiKwik is also ramping up its AI usage, which now generates 92% of the Company's code, up from 80% in the previous quarter, contributing to a 55% faster go to market, the company said in its press release.

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MobiKwik share price

MobiKwik shares jumped nearly 10% to Rs 234.99 apiece on NSE on Monday afternoon after the release of the results. The stock has gained 5% in a week and more than 14% in a month. It has overall fallen nearly 3% in 2026 so far.

In the longer term, the shares of the company dropped over 14% in one year. The company has a market capitalisation of around Rs 1,790 crore.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.