MobiKwik’s Q2 Snapshot, Pixxel Clears The Air & More
The fintech company achieved a net profit of ₹11.8 Cr in Q2 FY27, a turnaround from a ₹28.6 Cr loss in the same period last year. Operating revenue grew 9.4% YoY to ₹295.7 Cr while total expenses declined 1.8% YoY. The lending business expanded significantly with increased loan disbursals and new lending partnerships, while the payments business saw higher transaction volumes but lower revenue due to a shift toward lower-margin payment types. Both core business verticals improved their contribution margins.
Key points
- MobiKwik recorded ₹11.8 Cr net profit, a major swing from ₹28.6 Cr loss year-ago
- Lending business drove growth with expanded partnerships and loan disbursals
- Operating revenue up 9.4% YoY despite payments take rate compression
- Both segments improved contribution margins, offsetting fixed cost increases
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