CEO Bipin Singh states MobiKwik aims to increase lending revenue share to 50%

MobiKwik intends to increase the share of lending revenue to approximately half of its total income, raising it from the current 25–30 percent. This was reported by co-founder, managing director, and CEO Bipin Prit Singh, citing the publication Business Standard.

Singh forecasts that over the next six to eight quarters, the volume of loan disbursements will reach a level of 1,500–2,000 crore rupees quarterly. In the reporting period ending in September (Q2FY27), the company registered disbursements of 1,082.6 crore rupees, which is 34 percent more than 807.1 crore rupees in Q2FY26.

Bipin Prit Singh emphasized that the company expects the credit business to account for at least 50 percent of revenue. He noted that this segment could easily reach a volume of 1,500–2,000 crore rupees quarterly over the next six to eight quarters, and maintaining the commission rate would significantly impact the company's net profit.

The company's financial results for Q2FY27 showed a consolidated net profit of 11.83 crore rupees, an improvement compared to a net loss of 28.62 crore rupees in the same quarter last year. Compared to the previous quarter (QoQ), profit grew by 55.4 percent from 7.62 crore rupees in Q1FY27.

Operating revenue increased by 9.4 percent year-over-year (YoY) to 295.70 crore rupees compared to 270.21 crore rupees in Q2FY26. Revenue consistently grew by 5.1 percent compared to 281.48 crore rupees. Total income for Q2FY27 amounted to 302.76 crore rupees, an 8.4 percent increase year-over-year.

In Q2FY27, the company received 2,087.9 crore rupees from payments and 869.1 crore rupees from financial services. Total expenses decreased by 2.0 percent year-over-year to 280.08 crore rupees in Q2FY27, compared to 285.70 crore rupees the previous year. However, compared to the previous quarter, total expenses rose by 2.5 percent from 273.38 crore rupees in Q1FY27.

Payment processing commissions decreased by 10.8 percent to 119.47 crore rupees in Q2FY27, and lending operating expenses fell to 1.52 crore rupees from 12.78 crore rupees in Q2FY26. Nevertheless, employee benefits expenses increased by 59.0 percent, reaching 56.19 crore rupees.

As of Q2FY27, MobiKwik had 11 lending partners. The company received approval from the Reserve Bank of India (RBI) to obtain a Non-Banking Financial Company (NBFC) license in April. MobiKwik shares closed on BSE Monday 5.6 percent higher, at a price of 225.7 rupees per share. As of Q2FY27, MobiKwik had 196.3 million registered users and 5.1 registered merchants.

Similar stories

yourstory.comNovember 2, 13:37

MobiKwik reports net profit of 11.83 crore rupees in the second quarter of fiscal year 27

The fintech company MobiKwik reported achieving a net profit during the second quarter of fiscal year 27. This result contrasts with the loss recorded a year earlier and marks the company's fourth consecutive profitable quarter, as well as its highest quarterly revenue.

For the period from July to September, the company generated a net profit of 11.83 crore rupees, whereas in the second quarter of fiscal year 26, a loss of 28.61 crore rupees was recorded. Revenue grew by 9.4% compared to the same period last year, reaching 295.70 crore rupees. MobiKwik attributes these figures to an increase in Gross Merchandise Value (GMV) and improved margins.

Bipin Prit Singh, Managing Director and CEO of MobiKwik, stated that the company believes the operating leverage in its business model will strengthen as it transitions into an AI-focused company. He added that the constant focus on cost optimization and operational efficiency strengthens the operating model and contributes to profitability growth upon scaling.

According to MobiKwik's data, its payments business demonstrated a 35% year-over-year growth in Gross Merchandise Value (GMV), reaching 59,677 crore rupees in the second quarter of fiscal year 27. In the consumer payments segment, GMV increased by 27% year-on-year to 46,375 crore rupees, while loan disbursement volume grew by 34%, reaching 1,082.6 crore rupees for the quarter.

The company's registered user base increased to 196.3 million in the second quarter of fiscal year 27, up from 183.5 million in the corresponding quarter of the previous fiscal year. MobiKwik is also accelerating the integration of Artificial Intelligence (AI) across engineering, lending, customer experience, and risk management. The company reports that AI now generates 92% of its code, helping to accelerate time-to-market initiatives by 55%. Its customer support LLM resolves 91% of queries, and fraud detection is fully managed by AI.

Furthermore, the fintech company noted that its AI-powered fundraising platform facilitates the collection of 55% of early payments and has increased collection rates by 33%. Voice AI has also contributed to higher customer contact rates—by 30–40%.

business-standard.comOctober 29, 05:56

Shapoorji Pallonji Group plans to raise up to $200 million to repay debts

Shapoorji Pallonji Group, an Indian conglomerate, aims to raise between $150 and $200 million USD due to the company's growing debt obligations.

According to available information, SP Group intends to raise funds through private lending by issuing additional rupee bonds. These bonds will initially be sold by the Eqyizen Investment Pvt. division in July. Approximately half of the funds raised will be directed towards repaying debts to creditors Porteast Investment Ltd., another SP Group subsidiary. The remaining funds will be used to service other group debts. Sources added that negotiations are in the early stages, and the final size and terms may change.

The new financing will help SP Group reduce Porteast's liabilities and lessen the pressure on its debt-to-asset ratio. Representatives of SP Group did not immediately respond to requests for comment.

The conglomerate is facing increasing strain due to approaching debt repayment deadlines and the prolonged wait for asset monetization. Among these assets is a significant stake in Tata Sons Pvt, where management is debating a potential public listing. The Mistry family, which controls SP Group, is the second-largest shareholder in Tata Sons with a stake of about 18.4%.

SP Group's latest fundraising plan emerged after the company borrowed approximately ₹4,450 crore ($467 million) in September through Eqyizen and dollar bonds issued by another subsidiary, Mercury Finance Co. These funds were used for amortization payments due to Porteast.

Sources reported that the group plans to complete the new financing by mid-November.

business-standard.comOctober 26, 12:23

Tamilnad Mercantile Bank reports 42% rise in net profit to ₹451 crore in the second quarter

Tamilnad Mercantile Bank announced a significant increase in net profit, reaching ₹451 crore in the September quarter of fiscal year 27.

This growth amounted to 42 percent. Previously, in the July-September period of the last fiscal year 2025-26, the private lender recorded a net profit of ₹317 crore.

Financial performance details

In the second quarter of fiscal year 27, the bank's interest income increased by 29 percent, reaching ₹1,820 crore compared to ₹1,413 crore in the same quarter of the previous fiscal year.

Furthermore, gross non-performing assets (NPA) decreased to 0.61 percent of total loans in the September quarter, an improvement from 1.01 percent in the corresponding quarter of fiscal year 26.

At the time of publication, Tamilnad Mercantile Bank shares were trading at ₹786.30, marking a decrease of 1.82 percent relative to the close of the previous session on the BSE stock exchange.