One MobiKwik Systems Approves Q1 Financial Results for June 30, 2026; Highlights Revenue and IPO Utilization
One Mobikwik Systems Limited has approved the unaudited financial results (standalone and consolidated) for the quarter ending June 30, 2026. The Board of Directors reviewed and approved these results, which were noted by the company's Statutory Auditor via a Limited Review Report.The company reported the performance alongside its operational updates and the utilization of net IPO proceeds following a special resolution passed by shareholders on July 2, 2026.
Financial Performance Snapshot
The consolidated financial statements showed robust income generation during the quarter. Total income stood at INR 2,891.53 million, compared to INR 2,887.12 million in the previous reported period for the quarter. The company recorded a Profit/(Loss) for the period/year of INR 76.16 million.The standalone results also showed positive performance, with total income reaching INR 2,825.40 million and reporting a profit of INR 82.33 million for the period/year.
A review of key financial metrics across the periods is presented below:
| Metric (INR millions) | Q ended June 30, 2026 (Unaudited) | Q ended March 31, 2026 (Audited) | Q ended June 30, 2025 (Unaudited) | FY ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Income | 2,891.53 | 2,960.32 | 2,816.16 | 11,541.95 |
| Total Expenses | 2,733.78 | 2,786.21 | 3,128.17 | 11,593.89 |
| Profit/(Loss) for the period/year | 76.16 | 43.84 | (419.20) | (621.01) |
IPO Proceeds and Capital Allocation
The company's initial public offering provided a net amount of INR 5,344.30 million, which is down from the original IPO proceeds of INR 5,305.17 million. Out of total IPO expenses, INR 351.55 million (net of taxes) has been adjusted to securities premium.The company revised its objects of the Issue following a special resolution passed by shareholders via Postal Ballot on July 2, 2026. The utilization and allocation of net IPO proceeds are detailed below:
| Objects of the Issue | Original Net IPO Proceeds (A) | Utilization up to June 30, 2026 (B) | Unutilised Net IPO Proceeds (A-B) | Revised Net IPO Proceeds |
|---|---|---|---|---|
| Funding organic growth in financial services business | 1,500.00 | 891.50 | 608.50 | 608.50 |
| Investment in MobiKwik Distribution Services Private Limited (MDSPL) | - | - | - | 608.50 |
| Funding organic growth in payment services business | 1,350.00 | 976.00 | 374.00 | 710.50 |
| Research and development in data, ML and AI | 1,070.00 | 817.40 | 252.60 | 252.60 |
| Capital expenditure for payment devices business | 702.85 | 116.40 | 586.45 | 250.00 |
| General corporate purposes | 682.32 | 682.32 | - | 39.10 |
| Net Proceeds | 5,305.17 | 3,483.62 | 1,821.55 | 1,860.70 |
The revised objects include extending the timeline for "Funding organic growth in financial services business" and "Research and development in data, ML and AI" up to March 31, 2027. A reallocation of INR 608.50 million from "Funding organic growth in financial services business" was made towards "Investment In MobiKwik Distribution Services Private Limited (MDSPL)" through equity. Additionally, INR 336.50 million was reallocated from capital expenditure to funding organic growth in the payment services business.
Operational and Legal Highlights
During the quarter ended June 30, 2026, the company granted 221,019 stock options under the MobiKwik Employee Stock Option Plan 2014 to eligible employees. Furthermore, 16,655 stock options were exercised during this period.Regarding legal matters from FY March 2026, a First Information Report (F.I.R.) was filed on September 13, 2025. The F.I.R. alleged that registered merchants and users exploited a technical bug in the company's application to fraudulently claim unauthorized settlements totaling INR 403.59 million.
As of March 31, 2026, the company has successfully recovered INR 276.02 million from these claims. The company is actively pursuing the recovery of the remaining balance of INR 118.31 million, which was recognized as an expected credit loss expense in the quarter ended September 30, 2025.
The company also evaluated the impact of the new Labour Codes notified by the Government of India (including Code on Social Security, 2020, and others). The evaluation included a past service cost amounting to INR 20.08 million for gratuity and INR 15.33 million for leave provisions, which were reflected as exceptional items.
MOBIKWIK Stock Price Movement
As of 11:33 AM, One Mobikwik Systems Limited sees its shares climb to ₹212.00, rallying up 3.31% in the live market session. The positive movement is supported by a substantial traded volume of 4.39 million shares recorded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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