MobiKwik Q1 FY27: Revenue rises to Rs 281 Cr as profit turns positive

MobiKwik reported operating revenue of Rs 281 crore in Q1 FY27, up 3.7% from Rs 271 crore in Q1 FY26. The bigger shift was profitability: the company posted a net profit of Rs 7.6 crore, compared with a Rs 42 crore net loss in the corresponding quarter last year. Total income stood at Rs 289 crore, compared with Rs 282 crore a year earlier.

The company identified commissions from recharges and loan servicing, along with income from payment gateway and technology platform services, as key revenue contributors. It did not disclose a segment-wise revenue breakup in its quarterly filing. That means readers should track future filings for more clarity on which revenue lines are scaling fastest.

Total expenses fell 13.3% year-on-year to Rs 281 crore from Rs 324 crore in Q1 FY26. Payment processing charges remained the largest expense at Rs 117 crore, accounting for 41.6% of total expenses. Employee benefit expenses rose to Rs 53 crore, lending operational expenses declined sharply to Rs 1.8 crore, financial guarantee expenses rose to Rs 28 crore, and other expenses stood at Rs 81 crore.

On a sequential basis, MobiKwik’s operating revenue declined marginally to Rs 281 crore, while net profit nearly doubled to Rs 7.6 crore. EBITDA stood at Rs 16 crore in Q1 FY27, compared with an EBITDA loss of Rs 31 crore in Q1 FY26. At 11:38 AM, shares were trading at Rs 290 apiece, giving the company a market capitalization of approximately Rs 1,614 crore at the time of writing.