News ArticleOne MobiKwik Systems Posts ₹118 Mn PAT in Q2 FY27 with 35% YoY Platform GMV Growth
Company records fourth consecutive profitable quarter, EBITDA rises 44% QoQ to ₹227 Mn and lending disbursals exceed ₹10,000 Mn
One MobiKwik Systems Limited achieved a 35% year-on-year increase in platform GMV to ₹597 billion for Q2 FY27, with profit after tax reaching ₹118 million. The company reported four consecutive profitable quarters, boosted by strong payments and lending businesses, with EBITDA rising to ₹227 million and significant margin expansions in financial services.
One MobiKwik Systems Limited
General / Other
One MobiKwik Systems Limited reported a profit after tax of ₹118 million in Q2 FY27, marking its fourth consecutive profitable quarter and demonstrating strong operational growth with platform gross merchandise value (GMV) rising 35% year over year to ₹597 billion.
The company’s EBITDA improved significantly to ₹227 million, up 44% quarter on quarter, while total revenue reached ₹3,028 million, an 8% year-on-year increase. Contribution profit grew 50% year on year to ₹1,439 million, with the contribution margin expanding to 48%.
In its payments business, MobiKwik extended its record platform GMV to 15 consecutive quarters, achieving ₹597 billion in Q2 FY27 with merchant GMV rising 76% year on year to ₹133 billion. The payments gross profit increased 30% year on year to ₹798 million, supported by a gross margin of 38.2%.
The lending business posted strong results with disbursals reaching ₹10,826 million, up 34% year on year and 47% quarter on quarter. Lending gross profit more than doubled to ₹571 million with a record 65.7% gross margin. Lending revenue rose 42% year on year to ₹869 million.
Operational efficiencies led to a 13% reduction in payment-related direct costs year on year and a 16% reduction in lending-related expenses. The company also received its NBFC certificate of registration from RBI and plans to launch its NBFC operations within 3 to 6 months.
Highlights
- Q2 FY27 profit after tax stands at ₹118 million, a 55% increase quarter on quarter and ₹404 million swing year on year.
- Platform GMV increased 35% year on year to ₹597 billion, the 15th consecutive quarterly record.
- Lending disbursals reached ₹10,826 million, exceeding the ₹10,000 million quarterly target.
- EBITDA rose 44% quarter on quarter to ₹227 million, with a margin of 7.5%.
- Payments gross margin expanded by 884 basis points to 38.2%, and financial services gross margin reached a record 65.7%.
- Payment and lending direct costs fell by 13% and 16% respectively year on year despite growth in volumes.
Key Data Snapshot
What happened
- One MobiKwik Systems Limited reported a profit after tax of ₹118 million for the quarter ended September 30, 2026 (Q2 FY27), its fourth consecutive profitable quarter.
- Platform GMV increased by 35% year on year to ₹597 billion, recording the 15th consecutive quarterly record.
- Lending disbursals rose to ₹10,826 million, surpassing the ₹10,000 million quarterly target set in Q1 FY27.
- EBITDA increased 44% quarter on quarter to ₹227 million, with an EBITDA margin of 7.5%.
Key details
- Total revenue for Q2 FY27 was ₹3,028 million, an 8% increase year on year and 5% quarter on quarter.
- Contribution profit rose 50% year on year to ₹1,439 million, with contribution margin expanding to 48%.
- Payments business achieved a payments gross profit increase of 30% year on year to ₹798 million, supported by a gross margin of 38.2%.
- Lending gross profit more than doubled to ₹571 million with a 65.7% gross margin, while disbursals grew 34% year on year and 47% quarter on quarter.
- Payment-related direct costs decreased 13% year on year; lending expenses decreased 16% year on year.
- Company received the final certificate of registration from RBI for its NBFC on November 6, 2026, with plans to launch NBFC operations within 3 to 6 months.
Financial performance
- Profit after tax rose by ₹404 million year on year, improving from a loss of ₹286 million in Q2 FY26 to a profit of ₹118 million.
- EBITDA grew ₹291 million year on year, turning positive from a loss of ₹64 million to a profit of ₹227 million.
- Payments revenue remained flat year on year at ₹2,088 million but became more profitable due to cost reductions and margin expansions.
- Financial services revenue grew 42% year on year to ₹869 million, with operating leverage supporting margin expansion.
- Unit economics improved across payment and lending segments, with net margins rising year on year.
Highlights
- Q2 FY27 profit after tax stands at ₹118 million, a 55% increase quarter on quarter and ₹404 million swing year on year.
- Platform GMV increased 35% year on year to ₹597 billion, the 15th consecutive quarterly record.
- Lending disbursals reached ₹10,826 million, exceeding the ₹10,000 million quarterly target.
- EBITDA rose 44% quarter on quarter to ₹227 million, with a margin of 7.5%.
- Payments gross margin expanded by 884 basis points to 38.2%, and financial services gross margin reached a record 65.7%.
- Payment and lending direct costs fell by 13% and 16% respectively year on year despite growth in volumes.
Disclosures
- Listing obligations and disclosure requirements as per SEBI
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