Indian fintech MobiKwik reports $1.25 million profit in Q2
MobiKwik has posted a net profit of $1.25 million for the second quarter of fiscal year 2027, marking the company's fourth consecutive profitable quarter.
Indian fintech firm MobiKwik recorded a net profit of 118.3 million rupees ($1.25 million) for the quarter ending September, shifting from a 286.1 million rupee loss during the same period last year. Revenue for the period increased by 9.4% year-on-year to 3 billion rupees.
The company attributed its performance to growth in payment gross merchandise value (GMV), which rose by 35% to 596.8 billion rupees. Lending disbursals also saw significant movement, growing 34% to reach 10.8 billion rupees. These gains helped push the user base to 196.3 million registered accounts.
MobiKwik is currently focusing on integrating artificial intelligence across its engineering, lending, and risk management divisions. This strategic shift aims to automate operations and improve customer experience, according to company statements.
The recent figures mark the company's fourth consecutive profitable quarter and represent its highest quarterly profit to date.