Fintech company MobiKwik reported a net profit of Rs 11.83 crore in Q2 FY27, compared with a net loss of Rs 28.61 crore in the corresponding quarter last fiscal, marking its fourth consecutive profitable quarter.
The company’s revenue from operations increased 9.4 per cent year-on-year (YoY) to Rs 295.70 crore in the July-September quarter. MobiKwik attributed its performance to higher gross merchandise value (GMV) growth and improved margins.
The fintech company’s payment business recorded a 35 per cent YoY increase in GMV to Rs 59,677 crore during the quarter, reflecting growth in transaction volumes across its payments platform.
MobiKwik’s registered user base also expanded to 196.3 million in Q2 FY27, compared with 183.5 million in the corresponding period last fiscal.
The quarterly profit marks the company’s highest-ever quarterly net profit, extending its profitability streak to four consecutive quarters.