One Mobikwik Systems Q2 FY27 results: net profit ₹11.83 crore vs ₹28.61 crore loss, revenue up 9.4%

How did One Mobikwik Systems perform in Q2 FY27?

One Mobikwik Systems reported consolidated revenue of ₹295.70 crore for Q2 FY27, up 9.4% from ₹270.21 crore in Q2 FY26 and 5.1% from ₹281.48 crore in Q1 FY27. Total income was ₹302.76 crore. EBITDA was ₹15.62 crore against a loss of ₹15.49 crore in the year-ago quarter and ₹8.10 crore in the previous quarter, while the EBITDA margin was 5.3%, up 11.0 percentage points from the year-ago quarter and 2.4 percentage points from Q1 FY27.

Profit before tax was ₹11.87 crore, against a loss of ₹28.58 crore in Q2 FY26 and ₹7.64 crore in Q1 FY27. After tax of ₹0.04 crore, net profit was ₹11.83 crore, compared with a net loss of ₹28.61 crore a year earlier and ₹7.62 crore in the previous quarter. Basic EPS was ₹1.50, against -3.67 in Q2 FY26 and ₹0.97 in Q1 FY27. On a standalone basis, revenue was ₹204.83 crore and profit after tax was ₹14.70 crore.

What changed in One Mobikwik Systems' costs and profit?

Total expenses fell 1.8% to ₹290.89 crore in Q2 FY27 from ₹296.08 crore in Q2 FY26, while other income fell 22.6% to ₹7.06 crore from ₹9.12 crore. The year-ago quarter included an exceptional charge of ₹11.83 crore; there was no exceptional item in Q2 FY27. Tax was unchanged at ₹0.04 crore.

Employee benefit expense rose 59.0% to ₹56.19 crore from ₹35.35 crore, and depreciation rose 36.0% to ₹4.31 crore from ₹3.17 crore. Finance costs fell 9.8% to ₹6.50 crore from ₹7.21 crore, while other expenses fell 10.6% to ₹223.90 crore from ₹250.35 crore. Management said lending-related expenses declined 16% YoY on improved underwriting and collection performance, and payment-related expenses fell 13% YoY on a change in product mix.

How did the first half of FY27 go?

For H1 FY27, One Mobikwik reported consolidated revenue of ₹577.18 crore, up 6.6% from ₹541.57 crore in H1 FY26. Total income rose 5.5% to ₹591.92 crore from ₹560.94 crore. Profit before tax was ₹19.52 crore against a loss of ₹70.46 crore, and net profit was ₹19.45 crore against a net loss of ₹70.53 crore. Basic EPS was ₹2.47, compared with -9.05 in H1 FY26.

What do the balance sheet and cash flow show?

As of 30 September 2026, total assets stood at ₹1,582.76 crore against ₹1,408.57 crore as of 31 March 2026. Total equity was ₹566.25 crore against ₹538.90 crore, borrowings were ₹348.70 crore against ₹261.17 crore, and cash was ₹296.09 crore against ₹239.13 crore. Trade receivables rose to ₹157.67 crore from ₹73.08 crore, while trade payables fell to ₹79.44 crore from ₹97.48 crore.

For H1 FY27, operating cash flow was -₹26.14 crore against -₹183.81 crore in H1 FY26. Investing cash flow was ₹10.28 crore against ₹8.01 crore, financing cash flow was ₹21.36 crore against ₹31.99 crore, and capital expenditure was ₹6.12 crore against ₹3.20 crore.

How has One Mobikwik Systems done over the last 8 quarters?

Revenue in the quarterly series was lowest at ₹267.78 crore in Q4 FY25 and highest at ₹295.70 crore in Q2 FY27. Profit after tax bottomed at a loss of ₹56.04 crore in Q4 FY25 and was highest at ₹11.83 crore in Q2 FY27. The EBITDA margin was lowest at -21.1% in Q4 FY25 and reached 5.3% in Q2 FY27.

The direction in the latest quarter was upward on all three measures, with revenue, profit after tax and the EBITDA margin each higher than in Q1 FY27. Revenue rose in each of the last four quarters year on year. The margin stayed in positive territory from Q3 FY26 onward after sitting below zero in the three quarters before that.

What else did the company announce?

The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 2 November 2026, and noted the limited review report issued by the statutory auditor. The trading window for dealing in the company’s securities remains closed until 4 November 2026, as stated in the 26 October 2026 intimation.

In a corrigendum filed on 2 November 2026, the company said an incorrect PDF had been uploaded to the exchanges showing basic and diluted EPS of ₹0.75 per equity share for the quarter. The correct basic and diluted EPS is ₹1.50 per equity share, which the company said was duly captured in the XBRL filing. The company said the discrepancy had no impact on its financial position or financial performance. No dividend, fund raise or appointment was reported in the same-day filings.

What did One Mobikwik Systems' management say?

Management said the quarter delivered an all-time-high EBITDA and profit after tax, with total income up 8% YoY, and the fourth consecutive profitable quarter. It reported that platform spend GMV rose 35% YoY, led by Merchant Payments, while direct costs fell 13% and the Financial Services gross margin reached 65.7%. The deck also noted that payments revenue was flat on a lower take-rate mix.

Management said it expects consistent GMV growth with a stable Net Payments Margin within the guided 12-15 bps range, and that payments revenue is expected to improve on the back of proposed UPI MDR. Management said finance cost is expected to reduce by 15-20% in coming quarters, and that the company is on track to becoming AI-First across the organisation by FY28. It aims to sustain lending disbursal momentum as new lending partnerships mature and new product categories are launched, with revenues from higher disbursals expected to flow through over the loan tenure.

Management flagged that the payment take rate declined to 0.35% from 0.47%, that fixed costs rose 18% YoY to ₹1,212 Mn and employee benefit expense rose 59% YoY, and that finance cost increased to ₹65 Mn from ₹45 Mn in Q1 FY27 on higher working-capital usage and a one-time increase in trade receivables from the LSP Slump Sale. It noted top-three lender concentration of 71% in Q2 FY27 among major lending partners, and that FLDG represents 79% of Digital Credit GMV with risk-sharing with lending partners. No analysts’ questions were recorded in the filings provided.

How did One Mobikwik Systems shares react?

The filing appeared during market hours. From the price at which the filing appeared, the stock was up 0.4% after five minutes, down 0.9% after 15 minutes and down 1.1% after 30 minutes. On the reaction day, measured from the previous close of ₹212.00 to the close of the first session that could trade on the news, the stock rose 5.3%.

By the next day’s close, the stock was up 3.2% from its pre-results close. The median move of the other Financial Technology stocks was 1.0% on the reaction day and 4.3% by the next day’s close, while the Nifty Microcap 250 rose 1.4% on the reaction day. That left the stock 4.4 percentage points ahead of the industry median on the reaction day and 1.1 percentage points behind it by the next day’s close.

Earlier results-day moves were mixed: the stock rose 4.4% on 3 August 2026 and 19.0% on 3 February 2026, and fell 11.1% on 12 May 2026, 4.4% on 4 November 2025, 5.3% on 31 July 2025, 2.9% on 20 May 2025 and 8.0% rose on 7 January 2025. No five-day reaction figure was given.

How did other Financial Technology (Fintech) companies do?

Five Financial Technology (Fintech) companies had filed for this quarter by 4 November 2026. Their median revenue growth was 27.5%, against One Mobikwik’s revenue growth of 9.4% for the quarter. Of the other companies, 1 grew revenue slower than One Mobikwik and 4 grew faster. Out of the 5 peers whose profit was compared, 4 reported higher profit.