New Delhi

Fintech firm One MobiKwik Systems on Monday reported a consolidated profit of Rs 7.6 crore in the April-June quarter.

The company had posted a net loss of Rs 419.2 crore in the year-ago period, according to regulatory filings.

MobiKwik's revenue from operations grew 3.7 per cent to Rs 281.48 crore in during the first quarter of the current fiscal year, up from Rs 271.36 crore in the year-ago period.

Seen sequentially, profit rose 73.7 per cent while revenue fell 2.5 per cent.

"Our Q1 FY27 performance reinforces that profitability is embedded in our business model, with three consecutive profitable quarters alongside continued investments in growth. In Payments, we have delivered a record GMV streak of 14 straight quarters, achieving 50 per cent YoY growth with improved unit economics.

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"In lending, we grew gross profit 5.6x YoY, demonstrating robust credit quality and strong portfolio recoveries. We remain focused on deepening our payments leadership, expanding our digital financial services ecosystem, and creating sustainable long-term value for our customers and shareholders," Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik said.