Key Highlights
- PAT at INR 76 Mn in Q1 FY27, a positive swing of INR 495 Mn YoY, marking continued profitability after H2 FY26 turnaround
- EBITDA at INR 158 Mn in Q1 FY27, third consecutive profitable quarter, sustaining profitability momentum from H2 FY26
- Platform GMV reached an all-time quarterly high of INR 587 bn, growing 50% YoY
- 2nd fastest-growing UPI TPAP App in India; UPI transactions grew 5x faster than the overall Industry
- Net Financial Services Margin increased 5x YoY from 1.1% in Q1 FY26 to 5.9% in Q1 FY27
Gurugram, India, Aug 03, 2026: One MobiKwik Systems Ltd. (MobiKwik) (NSE: MOBIKWIK / BSE: 544305), India’s largest digital wallet, today announced its earnings results for the quarter ended June 30, 2026 (Q1 FY27). The Company reported its third consecutive profitable quarter, with a PAT of ₹76 Mn, a swing of ₹495 Mn YoY, reinforcing its position as one of India’s fastest-scaling and profitable fintech platforms.
Key Financials:
Q1 FY27 v/s Q1 FY26
| Platform GMV | ZIP EMI GMV | Total Income | Contribution Profit | EBITDA | PAT | |
| Q1 FY27 | ₹587 Bn | ₹7,367 Mn | ₹2,892 Mn | ₹1,286 Mn | ₹158 Mn | ₹76 Mn |
| Q1 FY26 | ₹392 Bn | ₹6,931 Mn | ₹2,816 Mn | ₹774 Mn | ₹(312) Mn | ₹(419) Mn |
| Growth | 50% | 6% | 3% | 66% | ₹470 Mn Swing | ₹495 Mn Swing |
Profitable Growth Momentum Continues
Q1 FY27 marks a continuation of MobiKwik’s profitability journey. Contribution Profit grew by 66% YoY, reflecting disciplined cost management and strong monetization across Payments and Financial Services. Payments GMV hit a new quarterly high, while Financial Services delivered resilient revenue growth along with favourable Gross Profit margins.
Commenting on the performance, Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik said: “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.”
Headline Results for the Quarter Ended June 30, 2026
Consolidated Financials
- Revenue from operations stood at INR 2,815 Mn, up 4% YoY; Total Income at INR 2,892 Mn, up 3% YoY
- Direct costs declined 21% YoY, underscoring continued focus on cost efficiency
- Contribution profit increased 66% YoY to INR 1,286 Mn
- Fixed Costs as a % of Total Income landed at 39%, reflecting a build phase with investments being made in segments with high growth potential
- EBITDA for Q1 FY27 stood at INR 158 Mn, marking a profitable quarter with an improvement of INR 470 Mn YoY
- PAT at INR 76 Mn in Q1 FY27, marking a positive swing of INR 495 Mn from Q1 FY26
Payments
The Company’s core payments business continued to deliver strong growth with improving unit economics and high operating leverage.
- Consistently ranked as the #1 PPI Wallet in India
- Ranked amongst the 2nd fastest-growing UPI Apps in India’s UPI Ecosystem, growing 2.3x YoY in UPI transactions
- 6th largest Customer Operating Unit in the BBPS ecosystem
- Achieved its highest-ever quarterly Platform GMV of INR 587 Bn and posted 14 straight quarters of growth with 50% YoY growth in Q1, driven by strong UPI performance that powered revenue-generating payment categories
- Net Payments Margin stood at 13 bps, supported by a healthy mix of payment volumes and merchant monetization
- Gross margin at 37%, up YoY from 28% in Q1 FY26
- User base grew to 193 Mn and merchant base expanded to 5.02 Mn
Financial Services
Financial Services Business continues delivering high-quality revenue on the back of enhanced credit quality and collection efficiency.
- Financial Services Gross Profit at INR 433 Mn, up 5.6x from Q1 FY26 (INR 77 Mn)
- Net FS Margin increased 5x YoY from 1.1% in Q1 FY26 to 5.9% in Q1 FY27, owing to improvement in credit quality
- ZIP EMI GMV stood at INR 7,367 Mn, grew 6% YoY with 32% disbursals in Distribution Model and 68% in FLDG Model
- Credit risk performance improved by approximately 25%, with 60% of loans going to repeat customers
The improvement across these metrics reflects a robust delivery in the Lending business.
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.