MobiKwik shares rise 10% after record Q2 profit
In short
MobiKwik shares climbed 10% after the company said it made a record Rs 11.8 crore profit in Q2 FY27. A year earlier it had a loss of Rs 28.6 crore, and profit was up more than 55% from Rs 7.6 crore in Q1 FY27. Revenue rose 9% to Rs 1,082.6 crore.
This matters because the firm has returned to profit. The report does not say what it expects next or whether the share move will hold.
What the reporting says
MobiKwik shares zoomed after the fintech firm returned to profitability in Q2 FY27, reporting a record consolidated net profit of Rs 11.8 crore. That compared with a loss of Rs 28.6 crore a year earlier, while profit rose more than 55% sequentially from Rs 7.6 crore in Q1 FY27. Revenue from operations increased 9% year on year to Rs 1,082.6 crore. The source does not state the management outlook.
Why it matters
MobiKwik rose in trading after reporting Q2 FY27 results that showed a return to profitability, with consolidated net profit of Rs 11.8 crore versus a Rs 28.6 crore loss a year earlier. Revenue from operations reached Rs 1,082.6 crore, up 9% year on year, and profit was more than 55% higher sequentially from Rs 7.6 crore in Q1 FY27. The market reaction suggests investors welcomed the turnaround, but the source gives no forward guidance.