One Mobikwik Systems Ltd: Q1 FY27 PAT at ₹76 Mn, Profitable for 3rd Consecutive Quarter

One Mobikwik Systems Ltd reported its Q1 FY27 results, achieving a Profit After Tax (PAT) of ₹76 Mn, marking its third consecutive profitable quarter. The company saw a significant year-on-year (YoY) PAT swing of ₹495 Mn, moving from a loss of ₹419 Mn in Q1 FY26 to a profit in Q1 FY27. Key drivers included a 50% YoY growth in Platform GMV to ₹587 Bn, margin expansion in both Payments and Financial Services, and cost compression. Direct costs fell 21% YoY, and Finance & Depreciation costs reached a 6-quarter low. Despite headwinds in low-take-rate UPI and merchant segments, Payments Gross Margin remained stable at 37.3%. The company is focused on accelerating growth while maintaining profitability.