MobiKwik Q1 profit rises 76.7% QoQ as payments GMV grows 50% YoY

One MobiKwik Systems reported its third consecutive profitable quarter, with Q1 FY27 net profit at ₹7.6 crore. Payments GMV increased 50% year-on-year and lending gross profit grew 5.6 times, despite a 2.5% sequential decline in revenue.

— Source publishedMon, 3 Aug, 2026, 11:30 IST·First seen Mon, 3 Aug, 2026, 13:09 IST·Source NDTV Profit

What happened

One MobiKwik Systems · Indian payments and digital financial-services firm MobiKwik posted its third consecutive profitable quarter, with Q1 FY27 net profit

Key facts

  • Q1 FY27 net profit: Rs 7.6 crore, up 76.7% QoQ
  • Q1 FY27 revenue: Rs 281 crore, down 2.5% QoQ
  • Q1 FY27 reported EBITDA: Rs 15.7 crore, down 9.8% QoQ
  • Payments GMV: up 50% YoY
  • Lending gross profit: up 5.6x YoY
  • Share price intraday high: Rs 218, up 6.23%

Why this matters

MobiKwik’s growing payments scale and 5.6x lending gross-profit expansion make it a more compelling partner for banks, lenders and merchant-acquisition platforms.

What to watch

  • Whether quarterly revenue returns to growth after the 2.5% QoQ decline.
  • Payments GMV growth relative to payment revenue, indicating whether transaction growth is translating into monetization.
  • Lending disbursal growth, gross-profit growth, and the share of lending in total gross profit.
  • Credit-loss indicators, collection efficiency, delinquency trends, and any increase in provisions or write-offs.
  • Customer acquisition and incentive expense trends, especially cashback and payment-processing costs.
  • Changes in RBI digital-lending, KYC, UPI, or wallet regulations.
  • New NBFC/bank partnerships, lending-product launches, or merchant-credit expansion.
  • Prioritize repeat-payment users for pre-approved credit, merchant cash-flow products, and higher-margin financial-services cross-sell.
  • Use the third profitable quarter to emphasize operating leverage and pursue a more disciplined incentive strategy rather than volume-led cashback spending.
  • Deepen NBFC and bank partnerships to diversify lending capacity, improve underwriting data, and reduce dependence on any one credit provider.
  • Increase disclosure around lending disbursals, take rates, collection performance, and contribution margin to support investor confidence amid the sequential revenue decline.
  • Target merchant acceptance and UPI payment engagement to create a larger proprietary data pool for underwriting and monetization.