One MobiKwik Systems Reports Net Profit of Rs 7.6 Crore

One MobiKwik Systems reported a net profit of Rs 7.6 crore for the first quarter of FY27, successfully reversing a prior year loss that ranged between Rs 41 crore and Rs 419 crore. The company's revenue increased 4% year-on-year to Rs 281 crore, while EBITDA turned positive at Rs 8 crore.

Growth was fueled by a record platform gross merchandise value of Rs 58,700 crore and strong UPI performance. Additionally, the company saw improved credit quality within its financial services division. These results triggered a more than 2% rise in shares on the National Stock Exchange.

Supporting these financial gains, the Reserve Bank of India granted a non-banking financial company licence to MobiKwik Financial Services. The period also saw a block deal exceeding Rs 130 crore as Peak XV Partners exited its stake in the company.