Gurugram-based fintech firm MobiKwik reported a consolidated web revenue of Rs 11.8 crore for the July-September quarter of FY27, its highest-ever quarterly revenue and its fourth worthwhile quarter in a row. It had posted a lack of Rs 28.6 crore in the identical quarter final yr.

Its income from operations rose about 9.4% year-on-year to Rs 295.7 crore, from Rs 270.2 crore, in line with the unaudited outcomes.

Complete earnings, which incorporates about Rs 7.1 crore of different earnings, stood at Rs 302.8 crore towards Rs 279.3 crore a yr earlier.

On a sequential foundation, revenue rose 55% from Rs 7.6 crore in Q1 FY27, and working income grew about 5% from Rs 281.5 crore.

EBITDA got here in at Rs 22.7 crore, additionally a quarterly excessive, in contrast with an EBITDA lack of Rs 6.4 crore in Q2 FY26. The EBITDA margin improved to 7.5% from -2.3% a yr in the past and 5.5% within the earlier quarter.

“We consider that the working leverage in our enterprise mannequin will compound as we evolve into an AI-first firm. Our continued concentrate on value optimization and working effectivity is additional strengthening our working mannequin and can drive profitability as we scale,” Bipin Preet Singh, co-founder, MD and CEO of MobiKwik, stated.

He added that the corporate had crossed the Rs 1,000 crore mark in lending disbursals and clocked 150% year-on-year income development in service provider funds in the course of the quarter.

The place the revenue got here from

Platform GMV, the worth of funds processed by MobiKwik and its cost gateway Zaakpay, rose 35% year-on-year to an all-time quarterly excessive of Rs 59,677 crore, from Rs 44,114 crore. Shopper funds GMV grew 27% to Rs 46,375 crore.

Development in quantity didn’t translate into funds income, which was flat at about Rs 208.8 crore, in line with the corporate’s investor presentation. The funds take charge fell to 0.35% of GMV from 0.47% a yr in the past, which the corporate attributed to a decrease take-rate combine.

Cost processing fees fell to about Rs 119.5 crore from Rs 133.9 crore a yr earlier, and the gross margin of the funds enterprise widened by 884 foundation factors to 38.2%.

Service provider funds are actually the fastest-growing a part of the enterprise. Service provider GMV rose 76% year-on-year to about Rs 13,300 crore, or 22% of platform GMV, up from 17% a yr in the past.

Lending disbursals grew 34% year-on-year to Rs 1,082.6 crore from Rs 807.1 crore, and 47% from Rs 736.7 crore in Q1 FY27. The corporate stated the June quarter had seen a brief dip due to a know-how migration linked to the switch of its lending enterprise.

Monetary providers income rose 42% to about Rs 86.9 crore, whereas gross revenue from the section greater than doubled to Rs 57.1 crore. Activated credit score customers elevated to 1.74 million from 1.42 million, and credit score companion AUM rose 19% to Rs 1,488 crore.

Contribution revenue grew 50% to Rs 143.9 crore, and the contribution margin rose to 47.5% from 34.4%.

Prices and a one-off within the base quarter

Complete bills, together with finance prices and depreciation, got here to about Rs 290.9 crore, barely decrease than Rs 296 crore a yr in the past. Cost processing fees remained the most important merchandise, at roughly 43% of working bills.

Worker profit bills rose 59% to Rs 56.2 crore from Rs 35.3 crore. The corporate stated in its presentation that individuals prices have been rising to help the scale-up of its service provider enterprise and enlargement into new segments. Monetary assure bills stood at Rs 28.3 crore.

The year-ago loss additionally included an distinctive cost of about Rs 11.8 crore. In line with the outcomes submitting, MobiKwik filed an FIR in September 2025 alleging that some retailers and customers, primarily within the Nuh and Mewat areas of Haryana, exploited a technical bug in its app to say unauthorised settlements of about Rs 40.4 crore.

The corporate stated it had recovered Rs 27.6 crore by 31 March 2026 and booked an anticipated credit score lack of Rs 11.8 crore after excluding about Rs 0.9 crore secured by service provider affidavits and a court docket order.

For the primary half of FY27, MobiKwik reported a revenue of about Rs 19.4 crore towards a lack of Rs 70.5 crore within the first half of FY26. It ended FY26 with a web lack of Rs 62.1 crore.

The AI push

MobiKwik stated AI now generates 92% of its code, up from 80% within the earlier quarter, contributing to a 55% sooner go-to-market. Its Assist LLM resolves 91% of buyer queries, and fraud sample detection is absolutely AI-led.

Its AI-powered collections platform handles 55% of early collections and has improved assortment charges by 33%, with voice AI delivering 30-40% larger join charges, the corporate stated. It goals to grow to be an AI-first organisation by FY28.

What’s subsequent

In August, MobiKwik transferred its lending service supplier enterprise to a completely owned subsidiary, MobiKwik Distribution Providers, by a droop sale for Rs 147.1 crore, paid by non-convertible debentures.

It expects finance prices, which rose to Rs 6.5 crore within the quarter due to a one-time enhance in commerce receivables linked to the switch, to fall by 15-20% within the coming quarters.

The corporate stated it expects funds income to enhance if the proposed service provider low cost charge on UPI is launched. Its presentation lists an NBFC application approved by the RBI in April 2026 and in-principle approval for an offline cost aggregator licence in Might 2026.

Based in 2009 by Bipin Preet Singh and Upasana Taku, the Gurugram-based firm had 196.3 million registered customers on the finish of September, up from 183.5 million a yr earlier, and about 5.1 million retailers. It listed on the NSE and BSE on 18 December 2024 after an IPO priced at Rs 279 per share.