MobiKwik minted its highest-ever quarterly profit in Q2 FY27. The record performance came on the back of its financial services business delivering healthy revenue growth, while a tight leash on expenses helped the fintech company improve margins. 

Lending Grabs The Spotlight: MobiKwik’s financial services business picked up in a big way in Q2 as the company disbursed a lot more loans and partnered with more lending partners during the quarter. At the same time, better loan book quality helped reduce expenses and improved the vertical’s gross profit. 

Payments’ Mixed Show: Although MobiKwik’s payments business processed much higher GMV in Q2 on a YoY basis, revenue barely grew. This is because the transaction mix skewed heavily towards payments that generate lower revenue. While this helped bring down payments gateway costs, the business’ take rate took a major hit.

Unlocking Operating Leverage: The quarter also saw both of MobiKwik’s core businesses expand their contribution margins, which helped offset the increased fixed expenses. Going forward, the company sees growing AI adoption in lending, engineering, customer experience, and risk management to further improve operating leverage and efficiency.

As the listed fintech company looks for a way to translate higher transactions into more revenue, here is a closer look at MobiKwik’s Q2 FY27 results…

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