MobiKwik posts ₹76 Mn PAT for third consecutive profitable quarter; GMV jumps 50% YoY

MobiKwik posts ₹76 Mn PAT for third consecutive profitable quarter; GMV jumps 50% YoY​

Gurugram, India, Aug 03, 2026: One MobiKwik Systems Ltd. announced its earnings results for the quarter ended June 30, 2026 (Q1 FY27). The fintech platform reported achieving profitability for the third consecutive quarter, recording a Profit After Tax (PAT) of ₹76 Mn. This marks a substantial swing of ₹495 Mn compared to Q1 FY26, reinforcing its position among India's scaling and profitable fintech platforms.

The company maintained strong financial discipline across operations. EBITDA stood at ₹158 Mn in Q1 FY27, reflecting continued profitability momentum since the second half of FY26. The platform’s Gross Merchandise Value (GMV) reached a quarterly high of ₹587 Bn, marking a 50% increase year over year. Furthermore, Net Financial Services Margin increased five times YoY, rising from 1.1% in Q1 FY26 to 5.9% in Q1 FY27.

Financial Performance Summary​

The financial results show significant improvements across key metrics:

Operational Segment Highlights​

Payments Growth:
MobiKwik's core payments business demonstrated robust growth and improving unit economics. The company achieved its highest-ever quarterly Platform GMV of ₹587 Bn, sustaining 14 straight quarters of growth and registering a 50% rise in Q1 FY27. Net Payments Margin stood at 13 basis points (bps), supported by the combination of payment volumes and merchant monetization. The Gross margin for payments reached 37%, up from 28% in Q1 FY26.

Operationally, MobiKwik is noted as a leading digital wallet, holding a 19% market share of PPI wallet gross transaction value (GTV) as of June 2026. In the UPI ecosystem, the company was ranked among the second fastest-growing UPI apps in India, with UPI transactions growing 2.3 times YoY. The user base expanded to 193 Mn, while the merchant base grew to 5.02 Mn.

Financial Services Strength:
The Financial Services (FS) segment showed robust growth driven by enhanced credit quality and efficient collection methods. FS Gross Profit reached ₹433 Mn, up 5.6 times from Q1 FY26 (when it stood at ₹77 Mn). The Net FS Margin increased fivefold YoY, rising to 5.9% in Q1 FY27.

ZIP EMI GMV was reported at ₹7,367 Mn, which is a 6% increase YoY. Credit risk performance improved by approximately 25%, with 60% of loans being provided to repeat customers.

Management Commentary​

Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, commented on the results, stating that Q1 FY27 reinforces that profitability is embedded in the business model, achieved across three consecutive profitable quarters while continuing investment in growth.

He added: "In Payments, we have delivered a record GMV streak of 14 straight quarters, achieving 50% YoY growth with improved unit economics. In Lending, we grew Gross Profit 5.6 times YoY, demonstrating robust credit quality and strong portfolio recoveries. We remain focused on deepening our Payments leadership, expanding our digital Financial Services ecosystem, and creating sustainable long-term value for our customers and shareholders."

The company is positioned to accelerate growth across its digital financial services portfolio in a calibrated and sustainable manner, following the firm re-establishment of profitability.

MOBIKWIK Stock Price Movement​

Shares of One Mobikwik Systems Limited are edging higher to ₹209.52 as of 11:47 AM today, gaining 2.10% in live trading. The stock sees a volume of 4.77 million shares traded, reflecting sustained investor interest during the active market session.