MobiKwik shares zoom 10% as fintech firm posts record Rs 12 crore profit in Q2

MobiKwik returned to profitability in Q2 FY27, reporting a record consolidated net profit of Rs 11.8 crore.

Sequentially, net profit rose more than 55% from Rs 7.6 crore in the first quarter of FY27. Revenue from operations increased 9% year-on-year to Rs 1,082.6 crore in the quarter under review.

Mobikwik also posted its highest-ever quarterly EBITDA at Rs 22.7 crore, marking a sharp YoY turnaround from an EBITDA loss of Rs 6.4 crore in the corresponding quarter of FY26. The latest quarter marked the company’s fourth consecutive profitable quarter. The company said its strong performance was driven by accelerating GMV growth and improved operating margins.

Also read | Reliance Industries shares set for biggest-single day jump since April 2020 as Q2 earnings spark Rs 1 lakh crore rally

The fintech platform’s gross merchandise value (GMV) hit an all-time high of Rs 59,677 crore, marking a 35% YoY jump in the payments business. Lending disbursal GMV meanwhile increased 34% YoY to Rs 1,083 crore. Improved margins across payments and financial services resulted in a contribution profit of Rs 143.9 crore, up 50% YoY, the company said in a press release.

“Q2 FY27 marks our fourth consecutive profitable quarter, reflecting the rapid progress we are making towards building a sustainable business,” said Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik. He highlighted that the company has crossed the Rs 1,000 crore milestone in lending disbursals and clocked 150% year-on-year revenue growth in merchant payments.

“We believe that the operating leverage in our business model will compound as we evolve into an AI-first company. Our continued focus on cost optimization and operating efficiency is further strengthening our operating model and will drive profitability as we scale,” he added.

MobiKwik is also ramping up its AI usage, which now generates 92% of the Company's code, up from 80% in the previous quarter, contributing to a 55% faster go to market, the company said in its press release.

Also read | Diwali 2026: 77 stocks knock down D-St bears to deliver multibagger returns of up to 4,700% in a year

MobiKwik share price

MobiKwik shares jumped nearly 10% to Rs 234.99 apiece on NSE on Monday afternoon after the release of the results. The stock has gained 5% in a week and more than 14% in a month. It has overall fallen nearly 3% in 2026 so far.

In the longer term, the shares of the company dropped over 14% in one year. The company has a market capitalisation of around Rs 1,790 crore.