MobiKwik FY26: Second Profitable Quarter, EBITDA Nears Breakeven
MobiKwik reported its second consecutive profitable quarter, with Q4 FY26 EBITDA at ₹174 Mn. Full-year FY26 EBITDA improved by ₹742 Mn YoY, nearing breakeven. Contribution Profit grew 21% YoY to ₹4,374 Mn in FY26. Total income for FY26 was ₹11,542 Mn. Payments GMV grew 57% YoY to ₹1,821 billion in FY26.
The results show a positive turn for the company with improving profitability and strong growth metrics. While not a dramatic surge, the consistent profitability and strategic investments suggest a moderate positive impact on investor sentiment and future prospects.
The company reported its second consecutive profitable quarter, significant YoY improvements in EBITDA and PAT, and strong growth in key business segments like Payments and Financial Services. The CEO's commentary indicates a positive outlook and strategic growth plans.
One MobiKwik Systems Limited announced its financial results for the quarter and year ended March 31, 2026. The company reported its second consecutive profitable quarter, with EBITDA at ₹174 Mn in Q4 FY26, a YoY improvement of ₹632 Mn. For the full year FY26, EBITDA saw a significant YoY swing of ₹742 Mn, bringing it close to breakeven. Profit After Tax (PAT) for Q4 FY26 was ₹44 Mn, up ₹604 Mn YoY. Contribution Profit grew 112% YoY in Q4 to ₹1,351 Mn and 21% YoY for the full year FY26, reaching ₹4,374 Mn with improved margins of 38% from 30% in FY25. Revenue from operations in Q4 stood at ₹2,887 Mn, up 8% YoY, while the full-year total income was ₹11,542 Mn.
MobiKwik's Payments business demonstrated strong growth, with UPI transactions surging 170% YoY in Q4, making it the second fastest-growing TPAP in India's UPI ecosystem. Payments GMV reached an all-time high of ₹524 billion in Q4, a 58% YoY increase, and ₹1,821 billion for the full year FY26, a 57% YoY growth. The Financial Services business also showed robust recovery, with ZIP EMI GMV growing 59% YoY to ₹8,377 Mn in Q4. Financial Services revenue grew 37% YoY to ₹771 Mn in Q4, and ₹2,619 Mn for the full year FY26.
Bipin Preet Singh, Co-founder, MD & CEO, stated that FY26 was an inflection year, demonstrating the strength of their model with a profitable H2 and a significant EBITDA swing. He highlighted plans to scale the core business and build new growth engines, including Offline & Online Merchant Acquiring, Unlocking Lending through their NBFC, and leveraging AI. The company expects to remain profitable through this investment cycle, aiming for long-term business compounding. The company's core business generated a positive EBITDA of ₹495 Mn in FY26, with an investment of ₹547 Mn in the new Merchant Payments business expected to deliver 10X growth by FY28.
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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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by One Mobikwik Systems Limited. Read the original for the full detail.