MobiKwik posts record quarterly net profit of Rs 11.8 Cr in Q2

3 Nov 2026, 8:00 am · 4h ago · 1 min read · Inc42

Fintech company MobiKwik posted its highest-ever quarterly net profit of Rs 11.8 crore in Q2 FY27, turning profitable compared to a net loss of Rs 28.6 crore in the corresponding year-ago period. Operating revenue increased 9.4% year-on-year to Rs 295.7 crore, while total expenses declined 1.8% to Rs 290.9 crore. Operating performance was propelled by significant expansion in its financial services and digital lending business alongside improved loan book quality. Meanwhile, despite processing higher gross merchandise value, payments revenue remained muted due to lower take rates across certain payment transaction mixes.