MobiKwik Reports ₹7.6 Cr Profit in Q1
Fintech firm MobiKwik posted a consolidated net profit of ₹7.6 crore in Q1 FY27, a significant turnaround from a net loss of ₹41.9 crore in the prior-year period. Revenue saw a marginal increase.
Indian fintech company MobiKwik has reported a consolidated net profit of ₹7.6 crore for the first quarter of FY27 (ending June 30, 2026). This marks a substantial improvement compared to the net loss of ₹41.9 crore recorded in the same quarter of the previous fiscal year.
Operating revenue for the quarter rose by a modest 3.7% year-on-year, reaching ₹281.5 crore. This is an increase from ₹271.4 crore in the corresponding period last year. Sequentially, revenue declined by 2.5% from ₹288.7 crore in the preceding quarter.
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) turned positive at ₹15.8 crore, compared to an EBITDA loss of ₹31.2 crore in Q1 FY26. Total expenses, excluding finance costs and depreciation, were reduced by 12.6% year-on-year.
The company's improved financial performance reflects efforts in cost management and growth in digital payment transactions within the Indian market.