MobiKwik Posts Net Profit of 11.8 Crore Rupees in Second Quarter
Key Facts
One MobiKwik Systems reported consolidated net profit of 11.8 crore rupees in the second quarter of fiscal 2027, which ended in September 2026, compared with a net loss of 28.6 crore rupees in the year-earlier period, according to NDTV Profit. The report said this was the company’s fourth consecutive profitable quarter. That places the latest result within a sustained shift to profitability after the company reported a net loss a year earlier. The results were announced on November 2, according to information cited in the coverage. The shift came alongside revenue growth and improvement in the operating indicators cited in the report.
Revenue from operations rose 9% year on year to 295.7 crore rupees, from 270.2 crore rupees in the second quarter of fiscal 2026, according to NDTV Profit. Total income grew at a slower pace, rising 8% to 302.8 crore rupees from 279.3 crore rupees in the year-earlier period. The gap between the two measures indicates that total income growth was slower than operating revenue growth in the year-on-year comparison. On operating profitability, the company posted EBITDA of 22.7 crore rupees, compared with an EBITDA loss of 6.4 crore rupees a year earlier. The report described this as the company’s highest quarterly result on this measure and its fourth consecutive quarter of positive EBITDA.
The platform’s gross merchandise value reached 59,677 crore rupees, a quarterly record, according to NDTV Profit. It rose 35% from 44,114 crore rupees in the second quarter of fiscal 2026 and exceeded the 58,684 crore rupees recorded in the first quarter of fiscal 2027. In consumer payment transactions, gross value rose 27% year on year to 46,375 crore rupees, compared with 36,568 crore rupees a year earlier. Merchant payments revenue grew 150% year on year, the report said. The figures reflect broader payments activity, with merchant payments revenue growing faster than the increase in the value of consumer transactions.
On payments unit economics, gross profit margin widened to 38.2% in the second quarter of fiscal 2027, from 29.4% a year earlier, an increase of 884 basis points, according to NDTV Profit. Loan disbursements rose 34% year on year to 1,082.6 crore rupees from 807.1 crore rupees in the year-earlier period. They also increased 47% from the previous quarter, when loan disbursements stood at 736.7 crore rupees. Loan disbursements therefore grew both year on year and quarter on quarter, alongside a wider gross profit margin in the payments business. These indicators provide operating context for the return to consolidated profitability reported in the results.
The company attributed its performance to accelerating growth in its payments business, higher loan disbursements and improved operating margins across its core businesses, according to NDTV Profit. It said “contribution profit” rose 50% year on year to 143.9 crore rupees, from 96.1 crore rupees in the second quarter of fiscal 2026. The indicators combine business growth and improved margins in the period in which the company returned to net profit. An earlier draft had described the company as preparing for an initial public offering, but One MobiKwik Systems’ shares have been listed on the NSE and BSE since December 10, 2025, according to a correction based on the company’s stock exchange disclosure. The results therefore come in the context of a listed company, while the available information did not include data on the share’s movement after the announcement or a date for a subsequent event.