MobiKwik Turns PAT Profitable in Q3 FY26 with ₹59.3 Crore YoY Profit Upswing
MobiKwik reported a profitable Q3 FY26 with PAT profitability and a ₹59.3 crore YoY profit upswing. Revenue grew 8% YoY to ₹297.2 crore. Payments GMV hit ₹48,100 crore, up 63% YoY. ZIP EMI GMV surged 126% YoY to ₹900 crore.
The announcement signifies a major financial milestone for the company, achieving profitability and demonstrating strong growth across key business metrics, which is highly impactful for investors and stakeholders.
The company reported profitability for the quarter, significant YoY growth in revenue, contribution profit, EBITDA, and PAT, along with record-high GMV and strong performance in its financial services segment.
One MobiKwik Systems Limited announced its financial results for the quarter ended December 31, 2025, reporting a profitable quarter with a significant year-on-year improvement.
The company achieved a PAT (Profit After Tax) profitability, with a strong upswing of ₹59.3 crore (INR 593 Mn) compared to the previous year. EBITDA stood at ₹15 crore (INR 150 Mn), reflecting a sharp turnaround and a YoY improvement of ₹57.6 crore (INR 576 Mn). Contribution Profit rose by 76% YoY and 34% QoQ to ₹128.8 crore (INR 1,288 Mn), driven by operating leverage and cost discipline. Total revenue grew by 8% YoY and 6% QoQ to ₹297.2 crore (INR 2,972 Mn).
MobiKwik's Payments business saw its GMV (Gross Merchandise Value) hit an all-time high of ₹48,100 crore (₹481 billion), marking a record for the 12th consecutive quarter, with a 63% YoY growth. UPI transactions surged by 3.2x YoY, positioning MobiKwik among the top 5 fastest-growing UPI apps in India. The user base grew to 186.6 million and the merchant base expanded to 4.79 million.
The Financial Services business also showed a strong turnaround. ZIP EMI GMV grew by 126% YoY to ₹900 crore (INR 9,000 Mn), surpassing previous peaks. Financial services Gross Profit increased by 405% YoY to ₹37.2 crore (INR 372 Mn), with Net FS Margin quadrupling YoY to 4.13%.
Upasana Taku, Executive Director, Co-founder and CFO, stated, "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. Going ahead, we remain committed to scaling our platform responsibly and creating long-term value for our shareholders."
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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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