MobiKwik Achieves Net Profitability in Q3 FY26 with Strong Revenue Growth

Mumbai:One MobiKwik Systems Ltd achieved a major financial milestone in the December quarter by turning profitable at the net level in Q3 FY26. The company reported a consolidated profit after tax (PAT) of Rs 4 crore, compared with a loss of Rs 55.3 crore in the same quarter last year, translating into a strong Rs 59.3 crore year-on-year turnaround. The improved performance reflects tighter cost controls, operating leverage and better unit economics across both payments and financial services businesses. Steady revenue growth amid scale-up Revenue from operations during the quarter stood at Rs 297.2 crore, marking an 8 percent year-on-year growth and 6 percent quarter-on-quarter increase. Total income remained at the same level, highlighting a balanced growth trajectory despite intense competition in the digital payments space. Contribution profit rose sharply by 76 percent YoY and 34 percent QoQ to Rs 128.8 crore, underlining management’s sustained focus on margin expansion and efficiency. EBITDA swings firmly into the black EBITDA for Q3 FY26 came in at Rs 15 crore, a sharp reversal from a loss of Rs 42.7 crore in Q3 FY25. This represents a significant Rs 57.6 crore improvement year-on-year, driven by disciplined spending and improved operating leverage. Fixed costs as a percentage of total income declined to 38 percent from 42 percent a year ago, strengthening the company’s profitability profile. Payments business posts record GMV MobiKwik’s core payments business continued its strong momentum during the quarter. Payments GMV reached an all-time high of Rs 48,064 crore, registering 63 percent YoY growth and marking the 12th consecutive quarter of record GMV. UPI transactions surged 3.2 times YoY, placing MobiKwik among the top five fastest-growing UPI apps in India. The company’s user base expanded to 18.66 crore, while its merchant network grew to 47.9 lakh. Financial services rebound gains traction The financial services segment staged a solid recovery. ZIP EMI GMV jumped 126 percent YoY to a record Rs 900 crore, reflecting renewed momentum in lending. Financial services gross profit rose 405 percent YoY to Rs 37.2 crore, aided by improved credit quality and collection efficiency. Management said the return to profitability positions MobiKwik to accelerate growth in a calibrated manner while continuing to deepen digital financial inclusion across India. Disclaimer: This article is based on company disclosures, regulatory filings and management commentary. Financial figures are unaudited unless stated otherwise. Readers should not treat this as investment advice.