One MobiKwik Systems (MOBIKWIK) Q1 26/27 earnings summary

Executive summary

• Achieved record Q1 profitability with PAT of INR 76.16 million, marking three consecutive quarters of positive PAT and a YoY swing of INR 495 million.

• EBITDA reached INR 158 million, improving by INR 470 million YoY, with consolidated revenue from operations at INR 2,814.81 million.

• Payments GMV hit an all-time high of INR 587 billion, up 50% YoY, with 14 consecutive quarters of GMV growth.

• Registered 192.8 million users and 5.02 million merchant partners, maintaining leadership in wallet and UPI segments.

• Standalone net profit was INR 82.33 million for the quarter.

Financial highlights

• Q1 PAT: INR 76.16 million; EBITDA: INR 158 million; consolidated revenue: INR 2,814.81 million.

• Payments gross profit: INR 777 million (37.3% margin), financial services gross profit: INR 433 million (59.0% margin).

• Contribution profit rose 66% YoY; direct costs reduced 21% YoY; total expenses at INR 2,733.78 million.

• Net cash as of June 30: INR 437 crores; paid-up equity share capital at INR 157.49 million.

• EPS for the quarter was INR 0.97 (consolidated) and INR 1.05 (standalone).

Outlook and guidance

• Targeting full-year PAT profitability and confident in achieving INR 75 crore EBITDA and INR 40 crore PAT for FY 2027.

• Projecting 10,000 million+ quarterly lending disbursals as new partnerships mature.

• Merchant business expected to grow revenue at 25% QoQ; mature consumer payments at 5-6% QoQ.

• Lending disbursals targeted at INR 1,000 crore per quarter going forward.

• Extended timeline for revised IPO object allocations for organic growth and R&D up to 31 March 2027.