MobiKwik Ends FY26 with Profitable Quarters, Sees INR 742 Mn EBITDA Swing

MobiKwik Ends FY26 with Profitable Quarters, Sees INR 742 Mn EBITDA Swing​

One MobiKwik Systems Limited, India's digital wallet, today announced its financial results for the quarter and year ended March 31, 2026. The company reported its second consecutive profitable quarter, marking a meaningful inflection point in its growth trajectory. The strong performance was underpinned by disciplined execution across its Payments and Financial Services businesses.

The overall results demonstrated a significant improvement in profitability, with the full-year EBITDA improving by INR 742 Mn year-over-year, approaching breakeven. Furthermore, the company recorded a PAT upswing of INR 604 Mn in Q4 FY26.

Key Financial Performance Highlights​

MobiKwik reported several key achievements across the fiscal year:

• EBITDA stood at INR 174 Mn in Q4 FY26, marking a second profitable quarter in a row and a significant INR 632 Mn year-over-year improvement.
• Contribution Profit grew 112% year-over-year in Q4 to reach INR 1,351 Mn. For the full year FY26, Contribution Profit grew 21% year-over-year to INR 4,374 Mn, achieving a 38% margin (up from 30% in FY25).
• Revenue from operations in Q4 reached INR 2,887 Mn, an 8% increase year-over-year. Full-year FY26 total income was INR 11,542 Mn.
• In the UPI ecosystem, the company's UPI transactions surged 170% year-over-year, ranking it the second fastest-growing TPAP in India.

Comparative Financial Results​

The company provided detailed comparisons across quarterly, half-year, and full-year segments:

Q4 FY26 vs Q4 FY25


H2 FY26 vs H1 FY26


FY26 Full Year vs FY25

Segment Performance Deep Dive​

The Payments business continues to set records, with Payments GMV hitting an all-time high of ₹ 524 billion in Q4, reflecting 58% year-over-year growth. The full-year FY26 GMV stood at ₹ 1,821 billion, marking a 57% annual increase. The company's ability to monetize beyond UPI was highlighted by an industry-leading net payments margin of 16 bps.

The Financial Services business also showed strong recovery. ZIP EMI GMV grew 59% year-over-year to ₹ 8,377 Mn in Q4. Financial Services revenue increased 37% year-over-year to ₹ 771 Mn in Q4, with the full-year FY26 FS revenue reaching INR 2,619 Mn.

Strategic Outlook​

Commenting on the performance, Bipin Preet Singh, Co-founder, MD & CEO, stated that FY26 was an "inflection year" for MobiKwik. He noted that the company achieved a profitable H2 and an overall EBITDA swing of ₹742 Mn, demonstrating that responsible scaling and profitability are aligned.

Singh outlined the strategic plan for the coming years, stating that the Core business profits will fund the development of new growth engines. These planned areas include Offline and Online Merchant Acquiring, Unlocking Lending through the NBFC, and incorporating AI into all operations. The company expects to remain baseline profitable even while compounding the business for long-term growth.

MOBIKWIK Stock Price Movement​

As of 11:01 AM, shares of One Mobikwik Systems Limited are slipping by 2.36% in live trading, currently trading at ₹222.24. The stock is facing considerable pressure, with trading volume currently registering 6.39 million shares.