MobiKwik posts ₹7.6 crore Q1 FY27 profit as payments GMV rises 50%

MobiKwik swung from a ₹42 crore loss a year earlier to ₹7.6 crore net profit in Q1 FY27. Revenue from operations rose 4% to ₹282 crore, while platform GMV reached ₹58,700 crore and its merchant network crossed 5 million.

— Source publishedMon, 3 Aug, 2026, 13:26 IST·First seen Mon, 3 Aug, 2026, 13:38 IST·Source YourStory

What happened

Mobikwik · MobiKwik reported Q1 FY27 net profit of Rs 7.6 crore versus a Rs 42 crore loss a year earlier. Payments GMV rose 50% to Rs 58,700 crore, while its

Key facts

  • Q1 FY27 net profit: Rs 7.6 crore
  • Q1 FY26 net loss: Rs 42 crore
  • Revenue from operations: Rs 282 crore, up 4% YoY
  • EBITDA: Rs 15.8 crore, improved by Rs 47 crore YoY
  • Contribution profit: Rs 129 crore, up 66% YoY
  • Direct costs: down 21% YoY
  • Platform GMV: Rs 58,700 crore, up 50% YoY
  • PPI wallet market share: 19% by gross transaction value
  • UPI transactions: up 2.3x YoY
  • User base: 193 million
  • Merchant network: over 5 million
  • Payments gross margin: 37%, versus 28% a year earlier
  • Net payments margin: 13 basis points
  • Financial-services gross profit: Rs 43.3 crore, up 5.6x YoY
  • Net financial-services margin: 5.9%, versus 1.1% a year earlier

Why this matters

With ₹58,700 crore in GMV and more than 5 million merchants, MobiKwik is becoming a more valuable fintech partner or target for firms seeking payments distribution and merchant access.

What to watch

  • Whether revenue growth accelerates materially beyond the reported 4% despite 50% GMV growth.
  • Take-rate trends and the contribution of high-margin financial-services revenue.
  • Sequential profitability, adjusted EBITDA, employee and customer-acquisition costs.
  • Growth in active users, transacting merchants and merchant retention after crossing 5 million.
  • Credit-distribution volumes, delinquencies and any RBI or UPI policy changes affecting monetisation.
  • Competitive incentive intensity from PhonePe, Google Pay, Paytm and merchant-payment providers.
  • Prioritise merchant monetisation through payment acceptance, value-added software and settlement products.
  • Cross-sell credit, insurance and wealth products to active consumers and merchants while tightening underwriting controls.
  • Use the first profitable quarter to emphasize operating leverage, reduce cash-burn concerns and pursue selective partnerships rather than subsidy-led growth.
  • Invest in fraud prevention, data security and regulatory compliance as transaction volumes and merchant exposure increase.