Financial Performance Overview

MobiKwik reported its third consecutive profitable quarter for Q1 FY27 (ended June 30, 2026), demonstrating sustained profitability momentum that began in H2 FY26.

Key Financial Highlights:

  • PAT: ₹76 Mn in Q1 FY27, representing a positive swing of ₹495 Mn Year-over-Year (YoY)
  • EBITDA: ₹158 Mn in Q1 FY27, marking the third consecutive profitable quarter
  • Revenue from operations: ₹2,815 Mn, up 4% YoY
  • Total Income: ₹2,892 Mn, up 3% YoY
  • Contribution profit: ₹1,286 Mn, increased 66% YoY
  • Direct costs: Declined 21% YoY, demonstrating cost efficiency focus
  • Fixed Costs: 39% of Total Income, reflecting investments in high-growth potential segments

Performance Metrics Comparison

| Metric | Q1 FY27 | Q1 FY26 | Growth |

| Platform GMV | ₹587 Bn | ₹392 Bn | 50% YoY |

| ZIP EMI GMV | ₹7,367 Mn | ₹6,931 Mn | 6% YoY |

| Income | ₹2,892 Mn | ₹2,816 Mn | 3% YoY |

| Contribution Profit | ₹1,286 Mn | ₹774 Mn | 66% YoY |

| EBITDA | ₹158 Mn | ₹(312) Mn | ₹470 Mn Swing |

Segment-wise Performance

Payments Business:

  • Achieved all-time quarterly high Platform GMV of ₹587 Bn
  • 14 straight quarters of growth with 50% YoY growth in Q1 FY27
  • Ranked as #1 PPI Wallet in India with 19% market share of PPI wallet by gross transaction value (GTV) as of June 2026
  • 2nd fastest-growing UPI TPAP App in India; UPI transactions grew 5x faster than overall industry and 2.3x YoY
  • 6th largest Customer Operating Unit in the BBPS ecosystem based on GTV as of March 2026
  • Net Payments Margin: 13 bps
  • Gross margin: 37%, up from 28% in Q1 FY26
  • User base: 193 Mn registered users
  • Merchant base: 5.02 Mn merchants

Financial Services Business:

  • Gross Profit: ₹433 Mn, up 5.6x from ₹77 Mn in Q1 FY26
  • Net FS Margin: Increased 5x YoY from 1.1% in Q1 FY26 to 5.9% in Q1 FY27
  • ZIP EMI GMV: ₹7,367 Mn with 32% disbursals in Distribution Model and 68% in FLDG Model
  • Credit risk performance improved by approximately 25%
  • 60% of loans going to repeat customers

Management Commentary

Bipin Preet Singh, Co-founder, MD & CEO, stated: "Our Q1 FY27 performance reinforces that profitability is embedded in our business model, with three consecutive profitable quarters alongside continued investments in growth. In Payments, we have delivered a record GMV streak of 14 straight quarters, achieving 50% YoY growth with improved unit economics. In Lending, we grew Gross Profit 5.6x YoY, demonstrating robust credit quality and strong portfolio recoveries. We remain focused on deepening our Payments leadership, expanding our digital Financial Services ecosystem, and creating sustainable long-term value for our customers and shareholders."

Business Positioning and Outlook

With profitability firmly re-established, the Company is well positioned to accelerate growth across its digital financial services portfolio in a calibrated and sustainable manner. The improvement in credit quality and collection efficiency has contributed to the strong financial performance in the lending segment.

Product Portfolio

MobiKwik offers a comprehensive range of payments and financial products including MobiKwik Wallet, UPI, Pocket UPI, Zaakpay (payment gateway), credit products (ZIP EMI, MCA), and savings and investments (Fixed Deposits, Mutual Funds, Digital Gold, Lens.AI).