Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results (Standalone and Consolidated)

Audit Opinion:

Limited Review Report issued by Statutory Auditor (B S R and Co). No qualifications or modifications noted. The report states that nothing has come to their attention that causes them to believe the statements contain any material misstatement.

Auditor’s Comment: The consolidated results include interim financial information of four subsidiaries which have not been reviewed, with total assets of ₹194.95 million and total revenues of ₹4.45 million (Q2) and ₹9.37 million (H1). Management considers these immaterial to the Group.

Key Financial Highlights [INR millions]

Consolidated Results:

Quarter ended 30 September 2026:

  • Revenue from Operations: ₹2,957.02 (vs. ₹2,702.11 in Q2 FY26, +9.4% YoY; vs. ₹2,814.81 in Q1 FY27, +5.1% QoQ)
  • Total Income: ₹3,027.64
  • EBITDA: ₹226.80 (vs. EBITDA loss of ₹63.76 in Q2 FY26)
  • Net Profit: ₹118.32 (vs. Net Loss of ₹286.15 in Q2 FY26)
  • EPS: ₹0.75 (Basic and Diluted)

Half Year ended 30 September 2026:

  • Revenue from Operations: ₹5,771.83 (vs. ₹5,415.74 in H1 FY26, +6.6% YoY)
  • Total Income: ₹5,919.17
  • EBITDA: ₹384.55 (vs. EBITDA loss of ₹375.77 in H1 FY26)
  • Net Profit: ₹194.48 (vs. Net Loss of ₹705.35 in H1 FY26)
  • EPS: ₹1.23 (Basic and Diluted)

Consolidated Balance Sheet as at 30 September 2026:

  • Cash and Cash Equivalents: ₹2,960.86
  • Bank balances other than cash: ₹6,925.57
  • Total Assets: ₹15,827.55
  • Borrowings: ₹3,487.01 (Current)
  • Total Equity: ₹5,662.55
  • Other Equity: ₹5,505.06

Standalone Results:

Quarter ended 30 September 2026:

  • Revenue from Operations: ₹2,048.30
  • Total Income: ₹2,265.28
  • Net Profit from Continuing Operations: ₹53.23
  • Net Profit from Discontinued Operations: ₹93.73
  • Total Net Profit: ₹146.96
  • EPS from Continuing Operations: ₹0.68
  • EPS from Discontinued Operations: ₹1.19
  • Total EPS: ₹1.87

Half Year ended 30 September 2026:

  • Revenue from Operations: ₹4,056.57
  • Total Income: ₹4,349.33
  • Net Profit from Continuing Operations: ₹40.83
  • Net Profit from Discontinued Operations: ₹188.46
  • Total Net Profit: ₹229.29
  • EPS from Continuing Operations: ₹0.52
  • EPS from Discontinued Operations: ₹2.39
  • Total EPS: ₹2.91

Standalone Balance Sheet as at 30 September 2026:

  • Cash and Cash Equivalents: ₹2,520.19
  • Bank balances other than cash: ₹4,636.32
  • Total Assets: ₹14,207.83
  • Borrowings: ₹3,512.01 (Current)
  • Total Equity: ₹5,929.18
  • Other Equity: ₹5,771.69

Segment-wise Performance:

The Group operates in a single operating segment: financial and payment services. Hence, no separate segment disclosure is provided.

Corporate Actions:

Not Specified

Other Significant Information:

IPO Proceeds Utilisation (as of 30 September 2026):

The utilisation of net IPO proceeds (₹5,344.30 million) is summarised below, following a revision approved by shareholders on 02 July 2026:

  • Object 1 (Financial Services Growth): ₹891.50 utilised (₹891.50 originally allocated, now revised). Additional ₹608.50 allocated to investment in subsidiary MDSPL (fully utilised).
  • Object 2 (Payment Services Growth): ₹1,408.90 utilised of revised ₹1,686.50 allocation. ₹277.60 unutilised.
  • Object 3 (R&D in Data, ML, AI): ₹1,051.50 utilised of ₹1,070.00 allocation. ₹18.50 unutilised.
  • Object 4 (Payment Devices Capex): ₹211.50 utilised of revised ₹366.40 allocation. ₹154.90 unutilised.
  • Object 5 (General Corporate Purposes): ₹682.32 utilised of revised ₹721.44 allocation. ₹39.12 unutilised.
  • Total Utilised: ₹4,854.22 million
  • Total Unutilised: ₹490.12 million

The timeline for Objects 1 and 3 has been extended until 31 March 2027.

Exceptional Items:

  • In Q2 FY25, an exceptional item of ₹118.30 million was recognized related to an Expected Credit Loss on a fraudulent merchant settlement case (FIR filed 13 Sep 2025). As of 31 Mar 2026, ₹276.02 million had been recovered, ₹9.26 million is secured, and ₹118.31 million is being pursued.
  • In FY26, exceptional items of ₹155.94 million (consolidated) and ₹145.20 million (standalone) were recognized related to past service cost impacts from new Labour Codes.

Business Transfer (Slump Sale):

On 18 August 2026, the company transferred its Lending Service Provider (LSP) business undertaking to its wholly-owned subsidiary, Mobikwik Distribution Services Private Limited (MDSPL), on a slump sale basis for a consideration of ₹1,471.08 million, discharged through issuance of NCDs. This is treated as a discontinued operation in the standalone results.

Employee Stock Options:

During the quarter, the company granted 48,000 stock options under the MobiKwik Employee Stock Option Plan 2014. No options were exercised.