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One Mobikwik Systems Results: Latest Quarterly Results & Analysis

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One Mobikwik Systems Ltd. 12 May 2026 11:50 AM
Result PDF

Q4FY26 & FY26 Result Announced for One Mobikwik Systems Ltd.

Internet Software & Services company One Mobikwik Systems announced Q4FY26 & FY26 results

Consolidated Financial Highlights:

  • Total Income for Q4FY26 reached Rs 2,960.32 million, representing a 6.29% growth YoY from Rs 2,785.24 million in Q4FY25, while showing a marginal decline of 0.40% QoQ from Rs 2,972.20 million in Q3FY26.
  • Revenue from Operations for Q4FY26 stood at Rs 2,887.12 million, an increase of 7.82% YoY compared to Rs 2,677.84 million in Q4FY25, and a slight decline of 0.08% QoQ from Rs 2,889.46 million in Q3FY26.
  • The Group reported a Net Profit of Rs 43.84 million in Q4FY26, a significant turnaround YoY from a Net Loss of Rs 560.37 million in Q4FY25, and an 8.30% increase QoQ from Rs 40.48 million in Q3FY26.
  • Earnings before finance cost, depreciation, amortisation and tax (EBITDA) for Q4FY26 was Rs 174.11 million, showing a substantial improvement over a negative EBITDA of Rs 457.61 million in Q4FY25, and a 16.29% growth QoQ from Rs 149.72 million in Q3FY26.
  • For the full year FY26, Consolidated Total Income was Rs 11,541.95 million, down 3.21% YoY from Rs 11,924.90 million in FY25.
  • Consolidated Revenue from Operations for FY26 stood at Rs 11,192.32 million, a decrease of 4.35% YoY from Rs 11,701.74 million in FY25.
  • Annual Consolidated Net Loss narrowed significantly to Rs 621.01 million in FY26, compared to a Net Loss of Rs 1,215.29 million in FY25.

Standalone Financial Highlights:

  • Total Income for Q4FY26 reached Rs 2,919.12 million, reflecting a 4.50% growth YoY from Rs 2,793.36 million in Q4FY25, and a 1.67% decline QoQ from Rs 2,968.82 million in Q3FY26.
  • Revenue from Operations for Q4FY26 was Rs 2,821.48 million, up 6.13% YoY compared to Rs 2,658.49 million in Q4FY25, and down 1.44% QoQ from Rs 2,862.63 million in Q3FY26.
  • Standalone Net Profit for Q4FY26 was Rs 59.80 million, a turnaround from a Net Loss of Rs 557.12 million in Q4FY25, though it showed a 10.45% decline QoQ from Rs 66.78 million in Q3FY26.
  • EBITDA for Q4FY26 stood at Rs 195.25 million, compared to a negative EBITDA of Rs 437.09 million in Q4FY25, and a 5.56% increase QoQ from Rs 184.97 million in Q3FY26.
  • Annual Standalone Total Income for FY26 was Rs 11,512.29 million, a 3.61% decline from Rs 11,943.81 million in FY25.
  • Annual Standalone Revenue from Operations for FY26 was Rs 11,064.94 million, down 4.94% YoY from Rs 11,639.79 million in FY25.
  • Annual Standalone Net Loss for FY26 narrowed to Rs 541.54 million, compared to a Net Loss of Rs 1,223.66 million in FY25.

Business Highlights:

  • Utilization of IPO Proceeds: As of March 31, 2026, the company has utilized Rs 3,483.62 million out of the net IPO proceeds of Rs 5,305.17 million. Key allocations include Rs 976.10 million for organic growth in payment services and Rs 891.50 million for financial services growth.
  • Technical Bug Recovery: During the year, the company pursued the recovery of unauthorized settlements totaling Rs 403.59 million caused by a technical bug exploited by certain merchants. As of March 31, 2026, Rs 276.02 million has been successfully recovered and credited to bank accounts.
  • Segment Performance: The Group operates in a single operating segment only, which is financial and payment services.
  • Exceptional Item (Labour Code): The company evaluation of the new labour code resulted in a past service cost impact under exceptional items amounting to Rs 20.08 million for gratuity and Rs 15.33 million for leave provisions in Q4FY26.

Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, said: "FY26 was MobiKwik's inflection year - we delivered a profitable H2 as committed, and achieved a Rs 742 million 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 margins generated from our Core will fund the buildout of these New Moats. We expect to remain baseline profitable through this investment cycle, even as we compound the business for the long term."

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Internet Software & Services company One Mobikwik Systems announced Q3FY26 results

  • Total income remained steady at Rs 2,972 million, reflecting a balanced growth profile.
  • Contribution profit increased 76% YoY (34% QoQ) to Rs 1,288 million, underscoring continued focus on cost efficiency.
  • Fixed Costs as a % of Total Income reduced to 38% in Q3FY26 from 42% Q3FY25.
  • EBITDA for Q3FY26 stood at Rs 150 million, marking a profitable quarter with a sequential improvement of Rs 576 million YoY (Rs 214 million QoQ).

Upasana Taku, Executive Director, Cofounder & CFO, MobiKwik, said: “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 H2FY26, 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.”

Result PDF

Internet Software & Services company One Mobikwik Systems announced Q2FY26 results

Consolidated Financial Highlights:

  • The company delivered strong operating performance with steady total income at Rs 2,793 million.
  • Direct costs reduced by 10% QoQ, reflecting cost efficiency.
  • Thereby, Contribution profit rose by 24% QoQ to Rs 961 million.
  • The company demonstrated a strong foothold on cost control; Fixed costs reduced by 5.7% QoQ
  • Q2 EBITDA gain at Rs 248 million with profitability in sight

Business Highlights:

  • Top 3 Fastest Growing UPI Apps in India’s UPI Ecosystem
  • Consistently delivers Industry’s best Payments Gross Margin 29%
  • Financial Services Gross Profit climbs 231% QoQ
  • Contribution Profit up 24% QoQ driven by 10% drop in direct costs
  • EBITDA Improved by 80% (Rs 24.8 crore) QoQ; driven by cost discipline

Upasana Taku, Chairperson, Executive Director and CFO, MobiKwik, said, “Our performance this quarter reflects the strength of our business fundamentals and focus on sustainable profitability. The growth in contribution profit and improvement in EBITDA is a result of disciplined cost optimization and steady gains across both payments and lending. As India’s leading Fintech, we are now gearing up to accelerate our play in UPI and digital lending to drive the next phase of our growth.”

Result PDF

Internet Software & Services company One Mobikwik Systems announced Q1FY26 results

  • Payments: The Company’s core payments business continues to demonstrate strong growth and resilience:
    • Payments GMV grew 53% YoY and 16% QoQ this quarter to reach Rs 384 billion, driven by high engagement and a growing registered user and merchant base.
    • User base grew to 180.2 million and merchant base to 4.64 million in Q1FY26.
    • Net Payments margin was maintained at 15 bps, validating the strength of the platform.
    • Consequently, Gross Margin for the payments business reached an all-time high of 28%, reflecting an impressive 12% YoY expansion in margin percentage.
  • Financial Services: MobiKwik’s digital finance business has entered a phase of renewed momentum.
    • Following 32% growth in EMI disbursals last quarter, this quarter saw a further 31% QoQ increase, with total disbursals reaching Rs 6,931 million, with take rates improving to 8% and gross margin rising to 13.3%.
    • The company believes that Q4FY25 marked the bottom in terms of both disbursal volumes and margins. With recovery signals now visible, this business is at a clear inflection point, with upside potential across both revenues and profitability.
    • In addition to the DLG model, the Company will also focus on distribution-led scale-up in the financial services business.
  • Cost Effciency: Operational discipline remains a key focus for the company, as it scales with effciency:
    • 32% QoQ EBITDA growth, driven by improved direct and fixed costs.
    • 5% QoQ decline in Payment Gateway and User Incentive.
    • 6% QoQ reduction in Lending-related expenses.
    • Fixed costs remained steady at Rs 1,086 million. Costs have remained steady over the last five quarters.

Upasana Taku, Executive Director, Co-founder & CFO, One MobiKwik Systems, said: “We are pleased with the consistent progress across our core business. Payments demonstrated strong growth and Financial Services recovered resulting in an improved Q1 EBITDA, which reinforces our path to profitability. We remain focused on driving operating leverage and building for long-term value creation.”

Result PDF

Internet Software & Services company One Mobikwik Systems announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Payments GMV: Rs 1,159 billion, up 203% YoY. Payment Gross margin remained best in class at over 20%, led by optimized direct costs for the payment gateway and user incentives
  • Total Income: Rs 11,925 million, up 34% YoY, driven by strong growth of 142% in the payments revenue
  • Contribution margin (CM): Revenue mix tilted towards Payments leading to a lower CM of 30%; revenue from distribution of financial products lower amid sector headwinds for lending
  • EBITDA: Loss of -6.7% due to lower contribution and slightly higher fixed costs YoY

FY25 Financial Highlights:

  • Total Income: Rs 2,785 million, up 2.6% from Rs 2,716 million in Q4FY24
  • EBITDA: loss of Rs 458 million, due to lower contribution margins, even as the fixed costs reduced QoQ
  • Fixed Cost: 5.4% fixed cost reduction this quarter is driven by the Company’s focus on enhanced digital journeys, increasing scale benefits, and optimizing costs across all line items.

Upasana Taku Executive Director, Co-founder & CFO One MobiKwik Systems said

"Our Payments Business has shown remarkable strength, growing threefold year-over-year. Our focus for this year will be to leverage AI as a growth catalyst - to accelerate go-to-market, drive revenue growth, and expand margins through intelligent automation."

Result PDF

Internet Software & Services company One Mobikwik Systems announced Q3FY25 results

Financial Highlights:

  • Total Income: Rs 2,745 million, up 19% from Rs 2,314 million in Q3FY24.
  • EBITDA: loss of Rs 427 million, due to lower contribution margins even as the fixed costs remained stable QoQ.

Other Highlights:

  • User base: 172 million in Q3FY25 – 5 million new users onboarded in this quarter.
  • Merchant base: 4.5 million merchants with 110K new merchants added in this quarter.
  • Payments GMV grew over 206% YoY in Q3FY25, reaching Rs 294 billion.
  • Payments revenue grew 166% YoY in Q3FY25 to Rs 1,965 million.
  • Industry-leading Payments Gross Margin at 19%, up 55% YoY in Q3FY25.

Upasana Taku, Executive Director, Co-founder & CFO of One MobiKwik Systems, said: “MobiKwik continues to make significant investments in product innovation and development, reflected in our strong growth in the payments business. We continue to see healthy margins across businesses, supporting overall growth. With a successful IPO behind us and access to additional capital, we are confident of driving the business towards long-term value creation and profitable growth."

Result PDF

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