Digital payments platform One MobiKwik Systems Ltd reported its highest-ever quarterly profit after tax (PAT) of ₹11.8 crore in the second quarter of FY27, marking a positive swing of ₹40.4 crore from a loss of ₹28.6 crore in the year-ago period. Announcing its results on November 2, the company recorded its fourth consecutive profitable quarter, with EBITDA reaching a record ₹22.7 crore against a loss of ₹6.4 crore in Q2 FY26.
Revenue from operations rose 9% year-on-year to ₹295.7 crore, while total income increased 8% to ₹302.8 crore. Platform gross merchandise value (GMV) grew 35% to ₹59,677 crore, while lending disbursements climbed 34% to ₹1,082.6 crore. Contribution profit surged 50% to ₹143.9 crore.
MobiKwik Co-founder, Managing Director and CEO BipinPreet Singh said the company had crossed the ₹1,000-crore lending disbursement milestone and recorded 150% year-on-year revenue growth in merchant payments. The company is targeting an AI-first operating model by FY28, with AI generating 92% of its code and a large share of customer queries resolved through its language model.
In Kolkata, growing adoption of digital payments among merchants and consumers presents opportunities for MobiKwik to expand its transaction volumes and merchant payment services. The company’s continued growth will depend on deeper market penetration, improved monetisation and effective risk management.