One MobiKwik swings back to black with Rs 12-crore profit in Q2, shares rise 6%

One MobiKwik shares rose 6% on November 2 after the company posted Rs 12-crore profit in September quarter. PAT stood at Rs 12 crore in Q2FY27, compared with a loss of Rs 28.6 crore in Q2FY26, marking the company's highest-ever quarterly PAT. EBITDA reached Rs 22.7 crore, compared with a loss of Rs 6.4 crore in Q2FY26, marking the company's highest-ever quarterly EBITDA and fourth consecutive profitable quarter. At 2:45 pm on November 2, One MobiKwik shares were trading 6% higher at Rs 226.66 apiece. Platform GMV reached an all-time quarterly high of Rs 59,677 crore, reflecting 35% YoY growth in the payments business.

Revenue from operations grew 9% YoY to Rs 295.7 crore, while total income stood at Rs 302.8 crore. Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, said: "Q2FY27 marks our fourth consecutive profitable quarter, reflecting the rapid progress we are making towards building a sustainable business. We have crossed the Rs 1,000 crore milestone in Lending disbursals and clocked 150% year-on-year revenue growth in Merchant Payments, highlighting the growing scale of our business. We believe that the operating leverage in our business model will compound as we evolve into an AI-first company. Our continued focus on cost optimization and operating efficiency is further strengthening our operating model and will drive profitability as we scale."