• The document is the transcript of the Q2 FY 2027 Earnings Conference Call held on Monday, November 02, 2026. The event was hosted by Dolat Capital Markets Private Limited.
  • The stated purpose of the call was for the management to discuss the company's Q2 FY27 financial results and provide a business update.
  • The call was led by senior management, including:
  • Mr. Bipin Preet Singh – Managing Director and Chief Executive Officer
  • Ms. Upasana Rupkrishan Taku – Executive Director and Chief Financial Officer
  • Mr. Soham Roy – Associate Director - Corporate Development
  • The moderator was Mr. Rahul Jain from Dolat Capital Markets Private Limited.
  • The transcript was submitted to the exchanges on November 05, 2026, in compliance with Part A of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The transcript is hosted on the company's investor relations website at https://www.mobikwik.com/ir/financial-statements.

Financial & Business Highlights Discussed:

The management presented the following key financial figures for Q2 FY27:

  • Total Income: INR 302 crores (8% YoY growth, 5% QoQ growth)
  • Revenue from Operations: INR 295 crores (9% YoY growth)
  • Reported EBITDA: INR 22.7 crores (INR 29 Cr improvement YoY, 44% QoQ growth)
  • EBITDA Margin: 7.5% (977 bps improvement YoY, 204 bps improvement QoQ)
  • Profit After Tax (PAT): INR 11.8 crores (INR 40 Cr improvement YoY, 55% QoQ growth)
  • This was the company's fourth consecutive profitable quarter with the highest-ever PAT and EBITDA.
  • GMV Growth: Both payments and lending verticals grew GMV by 34-35% YoY.
  • Merchant Payments GMV grew 76% YoY and 18% QoQ; Merchant Payments Revenue grew 150% YoY and 29% QoQ.
  • Lending Business Disbursals: INR 1,083 crores for the quarter.
  • Active Lending Partners: Count stood at 11, with 2 new partners onboarded.

Strategic Updates & Forward-Looking Statements:

  • UPI MDR Impact: Management discussed the potential implementation of UPI MDR for transactions above INR 2,000. They estimated it could add at least INR 100 crores to payments revenue in FY28, with INR 20-25 crores flowing to EBITDA/PAT.
  • NBFC Plans: The company is awaiting the final Certificate of Registration (CoR) from the RBI following the completion of a slump sale and migration. The initial plan is to operate an asset-light, co-lending model, aiming for ~10% of total disbursals to be done through their own NBFC.
  • Guidance: Management reiterated confidence in maintaining strong double-digit growth in lending disbursals. They also stated that if UPI MDR is implemented, they are targeting a PAT of INR 100 crores for FY28 (up from a previous target of INR 75-80 crores).

Additional Notes Section

  • The document is a formal submission of the earnings call transcript to the stock exchanges (NSE and BSE) as a regulatory compliance disclosure.
  • The document itself does not contain the primary financial results but is a record of the discussion about those results. The financial figures were disclosed during the call.
  • The signature and details of Ankita Sharma, Company Secretary and Compliance Officer (Membership No.: A37518), are included, certifying the submission.