Fintech platform MobiKwik announced its quarterly results today. The company reported a marginal increase in operating revenue and turned profitable, posting a net profit of Rs 7.6 crore in the quarter, compared to a net loss of Rs 42 crore in the corresponding quarter last year. MobiKwik's revenue from operations increased 3.7% year-on-year to Rs 281 crore in Q1 FY27 from Rs 271 crore inQ1 FY26, its unaudited financial statements accessed from the National Stock Exchange (NSE) show.The company’s total income stood at Rs 289 crore in Q1 FY27, compared to Rs 282 crore a year earlier. For MobiKwik, commissions from recharges and loan servicing, along with income from payment gateway and technology platform services, were the key revenue contributors in Q1 FY27. The company, however, did not disclose a segment-wise revenue breakup in its quarterly filing. For the Gurugram-based firm, payment processing charges continued to be the largest expense at Rs 117 crore, accounting for 41.6% of total expenses. Employee benefit expenses increased to Rs 53 crore, while lending operational expenses declined sharply to Rs 1.8 crore. Financial guarantee expenses rose to Rs 28 crore, while other expenses stood at Rs 81 crore, taking the company's total expenses to Rs 281 crore, down 13.3% from Rs 324 crore in Q1 FY26. The company reported a net profit of Rs 7.6 crore in Q1 FY27, compared to a net loss of Rs 42 crore in Q1 FY26, aided by lower overall expenses and a sharp decline in lending operational costs. Its EBITDA stood at Rs 16 crore during the quarter compared to Rs 31 crore EBITDA loss in Q1 FY26. On a sequential basis, MobiKwik's operating revenuedeclinedmarginally to Rs 281 crore, while its net profit nearly doubled to Rs 7.6 crore, reflecting improved profitability despite a slight moderation in revenue. At 11:38 AM, MobiKwik's shares were trading at Rs 290 apiece, giving the company a market capitalization of approximately Rs 1,614 crore at the time of writing. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
