MobiKwik shares zoom 10% as fintech firm posts record Rs 12 crore profit in Q2
60-Word AI Digest
MobiKwik returned to profitability in Q2 FY27, reporting a record consolidated net profit of Rs 11.8 crore against a loss of Rs 28.6 crore a year earlier. Profit rose over 55% sequentially from Rs 7.6 crore in Q1 FY27, while revenue from operations increased 9% year-on-year to Rs 1,082.6 crore.
Key Takeaways
- MobiKwik returned to profitability in Q2 FY27, reporting a record consolidated net profit of Rs 11.8 crore against a loss of Rs 28.6 crore a year earlier.
- Profit rose over 55% sequentially from Rs 7.6 crore in Q1 FY27, while revenue from operations increased 9% year-on-year to Rs 1,082.6 crore.
- Full details and original dispatch available below.
MobiKwik returned to profitability in Q2 FY27, reporting a record consolidated net profit of Rs 11.8 crore against a loss of Rs 28.6 crore a year earlier. Profit rose over 55% sequentially from Rs 7.6 crore in Q1 FY27, while revenue from operations increased 9% year-on-year to Rs 1,082.6 crore.
Original Publisher Attribution
This summary was curated from Economic Times.