MobiKwik Q2 FY27 revenue rises 9% to Rs 295 crore

MobiKwik reported a 9% year-on-year increase in revenue from operations to Rs 295.7 crore in the July-September quarter of this fiscal FY27 from Rs 270.2 crore in the corresponding quarter of the previous financial year.

The Gurugram-based fintech company's total income stood at Rs 302.8 crore up 8% from Rs 279.3 crore in Q2 FY26, according to filings with the stock exchanges.

MobiKwik's net profit stood at Rs 11.8 crore in Q2 FY27, compared to a net loss of Rs 28.6 crore in the year-ago quarter.

The company also recorded its highest-ever quarterly EBITDA of Rs 22.7 crore, against an EBITDA loss of Rs 6.4 crore in Q2 FY26.

The company's total expenses stood at Rs 290.9 crore during the quarter, marginally lower than Rs 296 crore in the corresponding period last year.

Employee benefit expenses increased 59% year-on-year to Rs 56.2 crore in Q2 FY27. Payment gateway charges remained the company's largest expense, accounting for over 42% of its total expenditure. MobiKwik also reported financial guarantee costs of Rs 28.3 crore during the quarter.

On the business front, MobiKwik's platform gross merchandise value (GMV) grew 35% year-on-year to an all-time high of Rs 59,677 crore in Q2 FY27 from Rs 44,114 crore. Consumer payments GMV increased 27% to Rs 46,375 crore, while lending disbursals rose 34% to Rs 1,082.6 crore from Rs 807.1 crore.

The company's contribution profit increased 50% year-on-year to Rs 143.9 crore, while its contribution margin expanded to 47.5% from 34.4% in Q2 FY26. Its registered user base also grew to 196.3 million from 183.5 million a year earlier.

Commenting on the performance, MobiKwik Co-founder, MD and CEO Bipin Preet Singh said the company had crossed the Rs 1,000 crore milestone in lending disbursals and recorded 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.

The company said that AI generates 92% of the company's code, higher than 80% in the previous quarter. It also said that its AI-powered collections platform facilitates 55% of early collections and has improved collection rates by 33%, with 30-40% higher connect rates. The company added that 100% AI-led fraud pattern detection and 40-70% of fraud related grievances are solved by AI.