MobiKwik posts Rs 11.83 Cr profit in Q2 of FY27
The fintech company swung to profitability from a loss in the year-ago quarter, driven by higher gross merchandise value growth and improved margins. Payment GMV grew 35% YoY while the registered user base expanded to 196.3 million. The company is leveraging AI across engineering and lending, with AI generating 92% of its code to accelerate product launches.
Key points
- Fourth consecutive profitable quarter with Rs 11.83 crore net profit
- Payment GMV grew 35% YoY to Rs 59,677 crore
- AI now generates 92% of code, accelerating go-to-market by 55%
- Registered users expanded to 196.3 million
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