MobiKwik swings to ₹7.6 Cr Q1 FY27 profit as EBITDA turns positive

MobiKwik reported a consolidated net profit of ₹7.6 Cr in Q1 FY27, against a ₹41.9 Cr loss a year earlier. Operating revenue rose 3.7% YoY to ₹281.5 Cr, while EBITDA improved to ₹15.8 Cr from a ₹31.2 Cr loss.

— Source publishedMon, 3 Aug, 2026, 11:36 IST·First seen Mon, 3 Aug, 2026, 12:32 IST·Source Inc42 · Buzz

What happened

Mobikwik · MobiKwik reported a ₹7.6 Cr consolidated Q1 FY27 profit versus a ₹41.9 Cr loss a year earlier. Operating revenue rose 3.7% YoY to ₹281.5 Cr, while

Key facts

  • Q1 FY27 consolidated net profit: ₹7.6 Cr
  • Q1 FY26 net loss: ₹41.9 Cr
  • Sequential profit growth: over 72% from ₹4.4 Cr
  • Operating revenue: ₹281.5 Cr, up 3.7% YoY from ₹271.4 Cr
  • Revenue down 2.5% QoQ from ₹288.7 Cr
  • Other income: ₹7.7 Cr
  • Total income: ₹289.2 Cr
  • Expenses excluding finance costs and D&A: ₹273.4 Cr, down 12.6% YoY
  • EBITDA: ₹15.8 Cr versus ₹31.2 Cr loss in Q1 FY26
  • Previous-quarter EBITDA: ₹17.4 Cr

Why this matters

MobiKwik’s improved profitability strengthens its position as a potential fintech partner or target, but its low single-digit revenue growth warrants scrutiny of customer and product expansion prospects.

What to watch

  • Quarterly operating-revenue growth accelerating materially above the 3.7% YoY rate.
  • EBITDA remaining positive after marketing, employee and technology spending normalize.
  • Active user, monthly transacting user, merchant and payment-volume trends.
  • Contribution margin and take-rate changes across payments, wallet, merchant and credit-related products.
  • Credit-partner performance, collection trends and any rise in customer delinquencies or provisioning exposure.
  • RBI or payments-regulation changes affecting wallets, UPI monetization, KYC requirements or lending distribution.
  • Management guidance on full-year profitability, growth investment and cash runway.
  • Emphasize adjusted EBITDA durability, cost-control measures and the revenue mix behind the profit turnaround in investor communication.
  • Shift product investment toward higher-yield merchant payments, financial distribution and credit products rather than broad-based cashback-led user acquisition.
  • Use the improved earnings profile to negotiate better commercial terms with lending, banking and payments partners.
  • Maintain selective marketing spend to defend wallet share against larger UPI and fintech rivals without sacrificing newly achieved EBITDA positivity.

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