One Mobikwik Systems Ltd reported a deeper loss in the quarter ending September 30, 2025, as operating costs continued to weigh on profitability.
The fintech platform posted a net loss of ₹28.62 crore in Q2 FY26, compared with a loss of ₹3.59 crore in the same quarter last year. Sequentially, losses narrowed from ₹41.92 crore in Q1 FY26.
Revenue from operations came in at ₹270.21 crore, down from ₹290.65 crore in Q2 FY25 and marginally lower than ₹271.36 crore in Q1 FY26. Total income stood at ₹279.33 crore for the quarter.
Total expenses were ₹285.70 crore, driven by:
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₹133.91 crore in payment processing charges
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₹12.78 crore in lending operational expenses
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₹22.89 crore in financial guarantee expenses
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₹35.35 crore in employee benefits
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₹80.78 crore in other expenses
EBITDA for the quarter was –₹6.38 crore, compared to a positive ₹6.80 crore in the same period last year.
Loss before tax stood at ₹28.58 crore, versus ₹3.32 crore a year ago.
For the half-year ended September 2025, MobiKwik reported a net loss of ₹70.53 crore, compared to ₹10.21 crore in the same period last year.
The results reflect rising operating and processing costs as MobiKwik scales its digital payments and lending ecosystem.
