MobiKwik reports ₹11.8 crore net profit in Q2 FY27, revenue rises 9.4% YoY

Profitability and revenue growth

MobiKwik reported a consolidated net profit of ₹11.8 crore in Q2 FY27, a turnaround from a ₹28.6 crore loss in the same quarter of FY26. This marks the company’s fourth consecutive profitable quarter, with net profit rising 55.4% sequentially from ₹7.6 crore in Q1 FY27. Operating revenue grew 9.4% year-over-year to ₹295.7 crore, supported by cost reductions and growth in core business segments.

Total expenses fell 1.8% to ₹290.9 crore, primarily due to a 10.8% drop in payment processing charges, which remain the company’s largest cost component. Lending operational expenses also declined sharply by 88.1% to ₹1.5 crore, contributing to the improved bottom line. EBITDA surged to ₹22.7 crore, compared to a ₹6.4 crore loss in Q2 FY26.

Growth in GMV and lending disbursals

MobiKwik’s gross merchandise value (GMV) grew 35% year-over-year to ₹59,677 crore in Q2 FY27, reflecting strong platform activity. Lending disbursals increased 34% to ₹1,082.6 crore, underscoring the company’s focus on scaling its credit offerings alongside payments. The growth in these segments aligns with MobiKwik’s strategy to diversify revenue streams beyond payment processing.

Despite the positive trends, employee benefit expenses rose 59% to ₹56.2 crore, which could pressure margins if salary costs continue to climb. Payment gateway charges still accounted for over 42% of total costs, signaling potential for further optimization.

What this means

Lazyfounder analysis — our interpretation, not reported fact.

MobiKwik’s Q2 FY27 results demonstrate that disciplined cost management and strategic growth in lending can drive profitability in India’s competitive fintech sector. The 35% surge in GMV and 34% rise in lending disbursals suggest strong consumer demand for embedded financial services, which could encourage more players to adopt similar models. However, the 59% spike in employee expenses and the persistent weight of payment gateway fees highlight ongoing challenges. Founders and operators should consider negotiating lower processing charges or exploring in-house alternatives to sustain margins. The sequential improvement in profitability also signals that MobiKwik’s pivot toward lending is gaining traction, offering a potential blueprint for other fintech companies seeking to balance growth with profitability.

Key takeaways

• MobiKwik’s fourth consecutive profitable quarter shows that cost discipline and lending growth can coexist in India’s fintech market.
• The 35% GMV growth and 34% rise in lending disbursals validate the demand for embedded finance, which may attract competitors to similar strategies.
• Payment processing charges remain a major cost driver, making negotiations with gateways or in-house solutions critical for sustaining margins.
• The 59% increase in employee benefit expenses could test profitability if salary inflation persists.

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