MobiKwik Systems swung to a consolidated net profit of Rs 7.6 crore in the quarter ended 30 June 2026, against a loss of Rs 41.9 crore a year earlier — a turnaround of roughly Rs 49.5 crore.
Consolidated revenue from operations rose 3.7% to Rs 281.5 crore from Rs 271.4 crore in Q1 FY26. Total income climbed 2.7% to Rs 289.2 crore. It is the company’s third consecutive profitable quarter; the results are unaudited and subject to limited review by its statutory auditor.
Payment Charges Drive the Expense Cut
Total expenses fell 12.6% to Rs 273.4 crore from Rs 312.8 crore a year earlier. Payment-processing charges dropped to Rs 117.4 crore from Rs 142.8 crore. Lending operational expenses fell to Rs 1.8 crore from Rs 29.2 crore.
Employee benefit expenses rose to Rs 53.4 crore from Rs 42 crore. Financial guarantee expenses, tied to credit underwriting on its lending platform, rose to Rs 28.3 crore from Rs 21.4 crore. EBITDA swung to a Rs 15.8 crore profit from a Rs 31.2 crore loss.
Against the prior quarter, revenue fell 2.5% from Rs 288.7 crore, but net profit rose 74% from Rs 4.4 crore in Q4 FY26.
Platform gross merchandise value reached Rs 58,700 crore in Q1 FY27, up 50% year-on-year and the 14th consecutive quarter of growth. The figure spans MobiKwik’s consumer payments app and its Zaakpay payment-gateway business.
Sources
- Company filing: quarterly financial results and GMV figures
Reporting compiled and contextualised by TechScoop India. Figures reconciled across the sources above.
Originally reported by ISN.