MobiKwik swung to a ₹7.6 Cr profit in Q1 FY27 from a ₹41.9 Cr loss a year earlier, while revenue grew 3.7% YoY
Sequentially, profit grew over 72% from ₹4.4 Cr
Total expenses fell 12.6% YoY to ₹273.4 Cr, while profit rose 72% QoQ even as revenue declined 2.5% sequentially
Fintech company MobiKwik reported a consolidated net profit of ₹7.6 Cr in Q1 FY27 as against a net loss of ₹41.9 Cr in the year-ago period. Sequentially, profit grew over 72% from ₹4.4 Cr.
Operating revenue rose a marginal 3.7% to ₹281.5 Cr during the quarter under review from ₹271.4 Cr in the year-ago quarter. On a QoQ basis, it declined 2.5% from ₹288.7 Cr.
Including other income of ₹7.7 Cr, total income for the quarter stood at ₹289.2 Cr.
Total expenses, excluding finance costs and depreciation and amortisation, stood at ₹273.4 Cr in Q1 FY27, down 12.6% YoY.
MobiKwik’s EBITDA for the quarter stood at ₹15.8 Cr against an EBITDA loss of ₹31.2 Cr in Q1 FY26. EBITDA stood at ₹17.4 Cr in the preceding March quarter.
(The story will be updated soon)
Source: Inc42 - Startups
