One MobiKwik Systems Ltd. (MobiKwik) has reported a significant improvement in its financial performance for the fiscal year ending March 31, 2026, with an EBITDA improvement of ₹742 million year-on-year, nearing breakeven. The company also achieved its second consecutive profitable quarter with an EBITDA of ₹174 million in Q4 FY26, marking a year-on-year improvement of ₹632 million.
MobiKwik’s Q4 FY26 profit after tax (PAT) stood at ₹44 million, reflecting a year-on-year upswing of ₹604 million. Contribution profit in the fourth quarter grew by 112% year-on-year to ₹1,351 million, while the full-year FY26 contribution profit increased by 21% to ₹4,374 million, with a margin expansion from 30% in FY25 to 38%.
The company’s revenue from operations in Q4 FY26 was ₹2,887 million, marking an 8% increase from the previous year, while the total income for FY26 reached ₹11,542 million. MobiKwik also reported a 170% year-on-year surge in UPI transactions, positioning itself as the second fastest-growing third-party application provider (TPAP) in India’s UPI ecosystem.
The company’s strategic focus on structural margin expansion and higher-quality lending contributed to the financial improvements. The core business of consumer payments and lending generated a positive EBITDA of ₹495 million in FY26. However, the company invested ₹547 million in building a new business in merchant payments, which is expected to deliver tenfold growth by FY28.
Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, commented on the results, saying, “FY26 was MobiKwik’s inflection year – we delivered a profitable H2 as committed, and achieved a ₹742 Mn EBITDA swing that demonstrates the strength of our model. Scaling responsibly and building profitability are not at odds; they are firmly aligned. Over the next two years, we will scale up our core business while building four new growth engines: Offline & Online Merchant Acquiring, Unlocking Lending through our NBFC, and AI powering everything we do.”
The company’s payments business achieved record-breaking gross merchandise value (GMV), with Q4 FY26 payments GMV reaching ₹524 billion, a 58% year-on-year increase. The full-year FY26 GMV was ₹1,821 billion, representing a 57% year-on-year growth.
In the financial services segment, ZIP EMI GMV grew 59% year-on-year to ₹8,377 million in Q4, with financial services revenue increasing by 37% year-on-year to ₹771 million in the same period.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).