MOBIKWIKOne Mobikwik Systems Ltd.
One Mobikwik Systems Q2 FY27 Results: Consolidated Net Profit ₹11.83 Crore on Total Income of ₹303 Crore
- Earnings
- Financial and payment services
Reviewed byRachit TripathiBlacklitt Research
One Mobikwik Systems (NSE: MOBIKWIK) reported consolidated total income of ₹302.76 crore and net profit of ₹11.83 crore for the quarter ended 30 Sep 2026, it said in a filing on 02 Nov 2026. Standalone total income was ₹226.53 crore and standalone net profit ₹14.70 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹302.76 crore, up 8.4% YoY and 4.7% QoQ
- Net profit and EPS: ₹11.83 crore against a loss of ₹28.61 crore a year earlier; basic EPS ₹0.75
- Finance costs: ₹6.50 crore, against ₹7.21 crore a year earlier
Standalone
The company on its own, without its subsidiaries
- Total income: ₹226.53 crore, up 4.4% YoY and 8.7% QoQ
- Net profit and EPS: ₹14.70 crore against a loss of ₹26.98 crore a year earlier; basic EPS ₹1.87
- Other income: ₹21.70 crore, 9.6% of total income, against ₹9.90 crore a year earlier
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 302.76 | 279.33 | +8.4% | 289.15 | +4.7% | |
| Revenue from operations | 295.70 | 270.21 | +9.4% | 281.48 | +5.1% |
| Other income | 7.06 | 9.12 | -22.5% | 7.67 | -8.0% |
| 11.83 | -28.61 | n/a | 7.62 | +55.4% | |
| Profit before tax | 11.87 | -28.58 | n/a | 7.65 | +55.3% |
| Finance costs | 6.50 | 7.21 | -9.8% | 4.54 | +43.3% |
| Depreciation | 4.31 | 3.17 | +36.0% | 3.59 | +19.8% |
| Tax expense | 0.04 | 0.04 | +8.3% | 0.03 | +34.5% |
| Net profit margin | 3.91% | -10.24% | +14.15 pp | 2.63% | +1.27 pp |
| EPS, basic (₹) | 0.75 | -3.67 | n/a | 0.97 | -22.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit moved from a loss of ₹28.61 crore to a profit of ₹11.83 crore. The year-ago quarter carried an exceptional item of ₹11.83 crore, which the notes describe as expected credit loss on the remaining balance of a recovery from merchants in a fraud case, so the year-ago base is low.
Revenue from operations rose 9.4% YoY to ₹295.70 crore while other income fell 22.5% to ₹7.06 crore. Other income is 2.3% of total income this quarter, so growth in the consolidated figure rests mainly on operating income.
Finance costs of ₹6.50 crore are 2.1% of total income this quarter, against ₹7.21 crore a year earlier. Depreciation rose 36.0% YoY to ₹4.31 crore. Tax expense was ₹0.04 crore, so profit before tax of ₹11.87 crore carried almost no tax charge.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 226.53 | 216.98 | +4.4% | 208.41 | +8.7% | |
| Revenue from operations | 204.83 | 207.08 | -1.1% | 200.83 | +2.0% |
| Other income | 21.70 | 9.90 | +119.1% | 7.58 | +186.3% |
| 14.70 | -26.98 | n/a | 8.23 | +78.5% | |
| Profit before tax | 5.32 | -21.26 | n/a | -1.24 | n/a |
| Finance costs | 6.49 | 8.11 | -20.0% | 4.59 | +41.4% |
| Depreciation | 3.35 | 2.44 | +37.3% | 2.60 | +29.3% |
| Tax expense | 0.00 | 0.00 | n/a | 0.00 | n/a |
| Net profit margin | 6.49% | -12.44% | +18.92 pp | 3.95% | +2.54 pp |
| EPS, basic (₹) | 1.87 | -3.46 | n/a | 1.05 | +78.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit of ₹14.70 crore is ₹2.87 crore higher than the consolidated figure of ₹11.83 crore. Standalone net profit rose 78.5% QoQ, faster than its total income growth of 8.7%.
The standalone results show the Lending Service Provider business as discontinued operations up to 18 Aug 2026. Profit from those discontinued operations after tax was ₹9.37 crore for the quarter, against a loss of ₹5.73 crore a year earlier. Revenue from operations fell 1.1% YoY to ₹204.83 crore, while other income rose 119.1% to ₹21.70 crore.
Standalone depreciation rose 37.3% YoY to ₹3.35 crore and finance costs fell 20.0% to ₹6.49 crore. Standalone tax expense was nil in both the quarter and the year-ago quarter.
The company operates in a single segment, financial and payment services, so the notes give no separate segment figures. The Lending Service Provider business was transferred to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited, on a slump sale basis effective 18 Aug 2026, for ₹147.11 crore settled through non-convertible debentures issued by the subsidiary to the company.
The consolidated results do not treat that business as discontinued, because the transfer is within the group. Both the auditor's limited review report on each set of results carries an unmodified conclusion.
Inference
The board approved both sets of unaudited results on 2 Nov 2026. Unutilised net IPO proceeds stood at ₹490.12 million, or ₹49.01 crore, as on 30 Sep 2026, and the timeline for revised objects 1 and 3 has been extended up to 31 Mar 2027. The filing gives no dividend declaration or dividend policy.
The filing does not say whether the non-convertible debentures issued for the LSP transfer affect the group's cash or borrowings, nor what becomes of the remaining ₹11.83 crore recovery balance from merchants.
Filed with BSE on . Reference: Original filing (PDF)
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