MobiKwik achieves 80% QoQ EBITDA upswing, nearing profitability in Q2 FY26
MobiKwik's Q2 FY26 results show 80% QoQ EBITDA upswing, narrowing operating loss to ₹6.4 crore. Payments and Financial Services grew, with cost discipline signaling nearing profitability.
Financial results, especially those showing a strong move towards profitability and significant operational improvements, are highly impactful for a company's stock performance and investor sentiment. The positive trends across key business segments make this announcement material.
The company reported a significant 80% QoQ EBITDA upswing, narrowing its operating loss considerably. Key metrics like Payments GMV and Financial Services Gross Profit showed strong growth, coupled with effective cost reduction measures, all indicating a positive trajectory towards profitability.
* One MobiKwik Systems Limited announced its standalone and consolidated financial results for the quarter ended September 30, 2025. * The company reported an 80% Quarter-on-Quarter (QoQ) EBITDA upswing, with an EBITDA gain of ₹24.8 crore, narrowing its operating loss to ₹6.4 crore. * MobiKwik is ranked among the top 3 fastest-growing UPI apps and achieved an industry-best Payments Gross Margin of 29%. * Financial Services Gross Profit climbed 231% QoQ, and Contribution Profit rose 24% QoQ, driven by a 10% drop in direct costs. * Key Financials (Q2 FY26 vs Q1 FY26): * Payments Gross Merchandise Value (GMV) increased 13% QoQ to ₹43,216.7 crore. * ZIP EMI GMV grew 16% QoQ to ₹807.1 crore. * Total Income remained steady at ₹279.3 crore. * Contribution Margin increased 24% QoQ to ₹96.1 crore. * The payments business saw its highest-ever quarterly GMV, growing 53% Year-on-Year (YoY), with its user base reaching 18.35 crore and merchant base 47.1 lakh. * Financial services gross margin rose to 42%, and lending-related expenses were significantly reduced to 4.4% of GMV. * Consolidated financials showed direct costs reduced by 10% QoQ and fixed costs by 5.7% QoQ. * Upasana Taku, Chairperson, Executive Director and CFO, stated that the performance reflects strong business fundamentals and a focus on sustainable profitability, driven by disciplined cost optimization and steady gains across payments and lending. The company plans to accelerate its play in UPI and digital lending.
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One Mobikwik Systems Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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