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MobiKwik Aims to Double Lending Revenue Share to 50%, Says CEO Bipin Singh
Sentiment: NeutralHigh Priority
What Happened?
MobiKwik plans to increase its lending revenue share to 50% from the current 25-30%. CEO Bipin Singh expects quarterly disbursements to reach ₹1,500-2,000 crore in the next 6-8 quarters.
Key points
- MobiKwik's disbursements grew 34% YoY to ₹1,082.6 crore in Q2FY27.
- The company reported a net profit of ₹11.83 crore in Q2FY27, reversing a loss from the previous year.
- Revenue from operations increased 9.4% YoY to ₹295.70 crore.
- MobiKwik had 11 lending partners as of Q2FY27.
- The company received RBI approval for a non-banking financial company (NBFC) license in April.
Key insights
- If MobiKwik successfully increases its lending revenue share, it may enhance its overall financial stability.
- The growth in disbursements could attract more investors and partners to the fintech sector.
- The approval for an NBFC license positions MobiKwik to expand its financial services offerings.
Why it matters
MobiKwik's strategy could significantly impact its revenue structure and profitability.
Entities
MobiKwik· CompanyBipin Singh· PersonReserve Bank of India· Organization
Source
Business Standard
