MobiKwik posts record Rs 11.83 crore Q2 profit as lending revenue rises 42%
By Aditi KulkarniEducation Writer, Peepals Bharat
Representative image: itkannan4u / Pixabay
MobiKwik earned Rs 11.83 crore in July-September 2026 against a Rs 28.61 crore loss a year ago; revenue rose 9.4% to Rs 295.7 crore, results showed on November 2.
What Happened
Fintech company MobiKwik reported a consolidated net profit of Rs 11.83 crore for the July-September quarter of 2026 (Q2 of financial year 2026-27), against a loss of Rs 28.61 crore in the same quarter a year earlier, in results announced on Monday, November 2, 2026. Revenue from operations rose about 9.4 per cent year on year to Rs 295.7 crore. It was the company's fourth profitable quarter in a row and its highest quarterly profit so far, and its shares rose nearly 10 per cent after the results.
Key Facts
- Net profit: Rs 11.83 crore in Q2 FY27, against a loss of Rs 28.61 crore in Q2 FY26.
- Profit was up 55 per cent from Rs 7.6 crore in the previous quarter (April-June 2026).
- Revenue from operations: about Rs 295.7 crore, up from Rs 270.2 crore a year earlier and Rs 281.5 crore in the previous quarter.
- EBITDA (earnings before interest, tax, depreciation and amortisation) was Rs 22.7 crore, against an EBITDA loss of Rs 6.4 crore a year earlier.
- Total expenses fell about 2 per cent to Rs 280.1 crore.
- Loans disbursed through the platform (lending disbursal GMV) grew 34 per cent to Rs 1,082.6 crore.
- Financial services revenue rose 42 per cent to Rs 86.9 crore, while payments revenue was flat.
Why It Matters
MobiKwik is a homegrown digital wallet and payments company whose shares trade on the stock market, and its results are watched as a test of whether consumer fintech start-ups can stay profitable. The quarter shows where MobiKwik's profit is now coming from: payments revenue stood still, while the financial services side, which includes lending through partner institutions, grew 42 per cent.
The profit came more from control of costs than from fast sales growth. Revenue grew in single digits, but expenses fell, which turned a large loss a year ago into a profit. The shares rose nearly 10 per cent after the results were announced.
There is also a reason for caution. Growth that leans on lending ties the company's fortunes to credit quality: if borrowers fall behind on repayments, partner lenders become more careful and disbursals can slow. The company's own numbers show lending disbursals growing much faster than revenue, so the health of that loan book will matter for future quarters.
For start-up founders outside the big metros, the quarter is a reminder of what investors now reward. A homegrown player reporting four profitable quarters in a row shows that cost discipline, and not only scale, can carry a consumer fintech business into profit.
Peepals calculation: On the reported numbers, MobiKwik kept about Rs 4 of profit for every Rs 100 of revenue in the quarter (11.83 ÷ 295.7 ≈ 4.0 per cent), and its EBITDA margin was about 7.7 per cent (22.7 ÷ 295.7). The swing from a Rs 28.61 crore loss to an Rs 11.83 crore profit is an improvement of about Rs 40.4 crore in a year (28.61 + 11.83). Financial services made up about 29 per cent of revenue (86.9 ÷ 295.7). Our calculation from the reported figures.
| Measure | Q2 FY26 (July-Sept 2025) | Q2 FY27 (July-Sept 2026) |
|---|---|---|
| Revenue from operations | Rs 270.2 crore | Rs 295.7 crore |
| Net profit or loss | loss of Rs 28.61 crore | profit of Rs 11.83 crore |
| EBITDA | loss of Rs 6.4 crore | Rs 22.7 crore |
Impact
Short-term: The results lifted MobiKwik's share price by nearly 10 per cent and add to the run of profitable quarters the company can point to.
Long-term: The company's earnings are shifting towards financial services such as lending. That can raise profits, but it also makes results depend more on how well loans are repaid and on rules for digital lending.
Who is affected: MobiKwik's shareholders and employees, its users and borrowers, partner lenders, and other Indian fintech start-ups whose business models investors compare against it.
Key Takeaway
MobiKwik turned a Rs 28.61 crore loss into an Rs 11.83 crore profit in July-September 2026, driven by lower costs and 42 per cent growth in financial services while payments revenue stayed flat.
Questions and Answers
What were MobiKwik's Q2 FY27 results?
For July-September 2026, MobiKwik reported a consolidated net profit of Rs 11.83 crore and revenue from operations of about Rs 295.7 crore, up about 9.4 per cent from a year earlier. In the same quarter of 2025 it had a loss of Rs 28.61 crore.
Is this MobiKwik's first profitable quarter?
No. It is the company's fourth profitable quarter in a row and its highest quarterly profit so far. Profit rose 55 per cent from Rs 7.6 crore in April-June 2026.
Which part of MobiKwik's business grew fastest?
Financial services. Revenue from this segment rose 42 per cent to Rs 86.9 crore, and loans disbursed through the platform grew 34 per cent to Rs 1,082.6 crore, while payments revenue was flat.
How did MobiKwik shares react to the results?
The shares rose nearly 10 per cent after the company announced its results on November 2, 2026.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
By Aditi Kulkarni, Education WriterCovers Education and more for Peepals Bharat. All stories by Aditi Kulkarni
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Aditi Kulkarni is a pen name of the Peepals Global Editorial Team, which researches, fact-checks and publishes every story. The portrait is an illustration.
