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On November 2, 2026, MobiKwik reported a consolidated net profit of Rs 11.8 crore for the second quarter of fiscal year 2027, turning around from a loss of Rs 2.86 crore in the same period last year. Revenue for the period grew 9% year-on-year to Rs 29.57 crore. According to MediaNama, MobiKwik also disclosed that AI has generated 92% of its code (up from 80% in the previous quarter), Help LLM resolves 91% of customer inquiries, and it has achieved 100% AI-led fraud detection, with the company aiming to become an AI-first company by fiscal year 2028. This earnings report is currently covered by a single source, with no subsequent developments yet.
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MobiKwik Turns Profitable in Q2 FY2027 with Net Profit of Rs 1.18 Billion, 92% of Code Generated by AIDevelopments
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- Source:MediaNama
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Nov 2
MediaNama
MobiKwik Turns Profitable in Q2 FY2027 with Net Profit of Rs 1.18 Billion, 92% of Code Generated by AI
MobiKwik posted a net profit of Rs 1.18 billion in Q2 FY2027, turning around from a loss of Rs 286 million in the same period last year, with revenue up 9% year-on-year to Rs 2.957 billion. The company said AI now generates 92% of its code (up from 80% last quarter), Help LLM resolves 91% of customer queries, and it has achieved 100% AI-led fraud detection, aiming to become an AI-first company by FY2028.