The fintech company MobiKwik reported achieving a net profit during the second quarter of fiscal year 27. This result contrasts with the loss recorded a year earlier and marks the company's fourth consecutive profitable quarter, as well as its highest quarterly revenue.
For the period from July to September, the company generated a net profit of 11.83 crore rupees, whereas in the second quarter of fiscal year 26, a loss of 28.61 crore rupees was recorded. Revenue grew by 9.4% compared to the same period last year, reaching 295.70 crore rupees. MobiKwik attributes these figures to an increase in Gross Merchandise Value (GMV) and improved margins.
Bipin Prit Singh, Managing Director and CEO of MobiKwik, stated that the company believes the operating leverage in its business model will strengthen as it transitions into an AI-focused company. He added that the constant focus on cost optimization and operational efficiency strengthens the operating model and contributes to profitability growth upon scaling.
According to MobiKwik's data, its payments business demonstrated a 35% year-over-year growth in Gross Merchandise Value (GMV), reaching 59,677 crore rupees in the second quarter of fiscal year 27. In the consumer payments segment, GMV increased by 27% year-on-year to 46,375 crore rupees, while loan disbursement volume grew by 34%, reaching 1,082.6 crore rupees for the quarter.
The company's registered user base increased to 196.3 million in the second quarter of fiscal year 27, up from 183.5 million in the corresponding quarter of the previous fiscal year. MobiKwik is also accelerating the integration of Artificial Intelligence (AI) across engineering, lending, customer experience, and risk management. The company reports that AI now generates 92% of its code, helping to accelerate time-to-market initiatives by 55%. Its customer support LLM resolves 91% of queries, and fraud detection is fully managed by AI.
Furthermore, the fintech company noted that its AI-powered fundraising platform facilitates the collection of 55% of early payments and has increased collection rates by 33%. Voice AI has also contributed to higher customer contact rates—by 30–40%.



