MobiKwik shares zoom 10% as fintech firm posts record Rs 12 crore profit in Q2

Shares of One MobiKwik Systems surged nearly 10% on Monday afternoon after the fintech platform returned to profitability, reporting its highest-ever quarterly consolidated net profit of Rs 11.8 crore in the second quarter of FY27, compared with a net loss of Rs 28.6 crore in the corresponding quarter of the previous financial year.

Sequentially, net profit rose more than 55% from Rs 7.6 crore in the first quarter of FY27. Revenue from operations increased 9% year-on-year to Rs 1,082.6 crore in the quarter under review.