MobiKwik, an Indian fintech company, posted a net profit of 118.3 million rupees (US$1.25 million) for the July-September quarter of FY27, compared with a loss of 286.1 million rupees (US$3.01 million) a year earlier.

Revenue rose 9.4% year on year to 3 billion rupees (US$31.1 million), marking MobiKwik’s fourth consecutive profitable quarter and its highest quarterly profit, the company said.

Payment gross merchandise value grew 35% year on year to 596.8 billion rupees (US$6.29 billion). Consumer payments gross merchandise value rose 27% to 463.8 billion rupees (US$4.88 billion). Lending disbursals increased 34% to 10.8 billion rupees (US$114 million).

MobiKwik said the quarter’s performance was driven by higher gross merchandise value growth and improved margins. Its registered users reached 196.3 million, up from 183.5 million a year earlier.

The company said it is expanding AI across engineering, lending, customer experience, and risk management.

🔗 Source: YourStory

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