MobiKwik swings to Rs 12 cr profit in Q2, revenue up 9%
MobiKwik's financial recovery was driven by improved margins in financial services and lower payment processing costs. The company saw its revenue from operations grow 9% to Rs 295.7 crore, while its platform gross merchandise value reached a record high of Rs 59,677 crore.
Key points
- Net profit reached Rs 11.8 crore, compared to a loss of Rs 28.6 crore in Q2 FY26
- Revenue from operations increased 9% year-on-year to Rs 295.7 crore
- Platform GMV grew 34% year-on-year to Rs 59,677 crore
- Financial services revenue saw a 42% year-on-year increase to Rs 86.9 crore
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