MobiKwik Q3 FY26: PAT Profitable with ₹40 Crore Profit, Revenue at ₹2,972 Crore
MobiKwik achieved PAT profitability in Q3 FY26 with ₹40 crore profit, a significant turnaround from a loss. Revenue grew 8% YoY to ₹2,972 crore. Payments GMV hit ₹48,100 crore, up 63% YoY. ZIP EMI GMV grew 126% YoY to ₹9,000 crore. EBITDA improved to ₹150 crore.
Achieving profitability is a major milestone for the company, indicating a strong turnaround and positive future outlook, which is highly impactful for investors and stakeholders.
The company reported a profitable quarter with significant year-on-year improvements in PAT, EBITDA, and revenue growth, driven by strong performance in both payments and financial services segments.
One MobiKwik Systems Limited announced its financial results for the quarter and nine months ended December 31, 2025. The company achieved profitability with a Profit After Tax (PAT) of ₹40.48 crore for the quarter, marking a significant turnaround from a loss of ₹286.15 crore in the same period last year. The total income for the quarter stood at ₹2,972.20 crore (INR 2,972 Mn), with a year-on-year growth of 8%. Contribution profit increased by 76% year-on-year to ₹1,288 crore (INR 1,288 Mn), driven by operating leverage and cost discipline. EBITDA showed a substantial improvement, swinging from a loss of ₹427 crore (INR -427 Mn) in Q3 FY25 to a profit of ₹150 crore (INR 150 Mn) in Q3 FY26, a YoY improvement of ₹576 crore.
The company's core payments business saw its Gross Merchandise Value (GMV) hit an all-time high of ₹48,100 crore (₹481 billion), representing a 63% YoY growth and marking the 12th consecutive quarter of record GMV. UPI transactions surged 3.2 times year-on-year, positioning MobiKwik among the top 5 fastest-growing UPI apps in India. The payments business also achieved a record gross margin of 37%.
The financial services segment demonstrated a strong recovery, with ZIP EMI GMV growing 126% YoY to ₹9,000 crore (INR 9,000 Mn), surpassing previous peak levels. Financial services gross profit increased by 405% YoY to ₹372 crore (INR 372 Mn), with net FS margin quadrupling to 4.13%.
Upasana Taku, Executive Director, Co-founder, and CFO, commented, "We are pleased to report a profitable quarter, reflecting disciplined execution and sustained cost optimization across our businesses. Our focus on operating efficiency and thoughtful scaling has enabled us to achieve profitability while maintaining growth momentum. We were confident of achieving profitability in H2 FY26, and we are proud to have delivered on that commitment."
The Board of Directors approved these unaudited financial results on February 03, 2026. The company also reported the grant of 1,22,000 stock options under the MobiKwik Employee Stock Option Plan 2014 during the quarter.
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