MobiKwik Reports ₹7.6 Cr Profit in Q1, 3.7 percentage YoY Increase in Revenue

MobiKwik, a fintech startup, posted a consolidated net profit of ₹7.6 Cr in Q1 FY27 compared to a net loss of ₹41.9 Cr in the same period last year. Profit increased from ₹4.4 Cr by more than 72% sequentially. In the reviewed quarter, operating revenue increased slightly by 3.7% to ₹281.5 Cr from ₹271.4 Cr in the same period last year. It decreased 2.5% from ₹288.7 Cr on a QoQ basis.Despite a drop in revenue and operational profit, One MobiKwik Systems Ltd. recorded a significant sequential increase in earnings for the June quarter.

From Rs 4.3 crore in the March quarter to Rs 7.6 crore in the current quarter, consolidated net profit increased by 76.7%. However, operating revenue fell 2.5% sequentially to Rs 281 crore from Rs 289 crore in the prior quarter.The MobiKwik wallet is run by One MobiKwik Systems Ltd., a digital payments and financial services company that also provides products in the areas of credit, insurance, investments, and merchant payments via its platform.