Mumbai: India’s leading digital wallet platform, One MobiKwik Systems Limited (NSE: MOBIKWIK | BSE: 544305), has announced its standalone and consolidated financial results for the quarter ended December 31, 2025, reporting a return to profitability in the third quarter of FY26. The milestone quarter reflects strong execution across payments and financial services, improved operating efficiency, and disciplined cost management.
The company posted a significant year-on-year improvement of ₹593 million in Profit After Tax (PAT), marking a decisive turnaround from losses in the corresponding quarter last year.
Key Financial Highlights (Q3 FY26 vs Q3 FY25)
(All figures in ₹ million unless stated otherwise)
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Payments GMV: ₹480,640 million (₹481 billion), up 63% YoY
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ZIP EMI GMV (Lending): ₹9,000 million, up 126% YoY
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Revenue: ₹2,972 million, up 8% YoY (6% QoQ)
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Contribution Profit: ₹1,288 million, up 76% YoY (34% QoQ)
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EBITDA: ₹150 million, reflecting a ₹576 million YoY improvement
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PAT: ₹40 million, improving ₹593 million YoY
The company maintained stable total income at ₹2,972 million while significantly enhancing profitability through cost discipline and margin expansion.
Strong Operational Discipline Drives Profitability
MobiKwik reported EBITDA of ₹150 million in Q3 FY26 — a sharp turnaround from negative ₹427 million in Q3 FY25. This reflects a ₹576 million year-on-year and ₹214 million quarter-on-quarter improvement.
Fixed costs as a percentage of total income declined to 38% in Q3 FY26, compared to 42% in Q3 FY25, underscoring improved operational leverage.
Contribution profit rose 76% YoY to ₹1,288 million, driven by stronger unit economics and tighter cost control.
Payments Business Sets New Records
The company’s core payments segment delivered its 12th consecutive record quarter, with Gross Merchandise Value (GMV) reaching an all-time high of ₹481 billion, reflecting 63% YoY and 11% QoQ growth.
Key highlights include:
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Ranked No.1 PPI wallet in India
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Among the Top 5 fastest-growing UPI apps in India
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UPI transaction volume surged 3.2x YoY
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User base expanded to 186.6 million
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Merchant base grew to 4.79 million
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Net payment processing margin stood strong at 17 basis points
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Payments gross margin reached a record 37%, expanding 125% YoY
The company also secured the 7th position as a Customer Operating Unit in the BBPS ecosystem, further strengthening its digital payment infrastructure footprint.
Financial Services Segment Shows Full Recovery
The lending business demonstrated strong revival, driven by improved credit quality and enhanced recovery mechanisms.
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ZIP EMI GMV rose 126% YoY to ₹9,000 million
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Financial services gross profit surged 405% YoY to ₹372 million
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Net financial services margin expanded fourfold to 4.13%, compared to 1.05% in Q3 FY25
The rebound signals a complete recovery of the lending portfolio, with healthier margins and sustainable underwriting practices.
Management Commentary
Commenting on the results, Upasana Taku, Executive Director, Co-founder and CFO of One MobiKwik Systems Limited, said:
“We are pleased to report a profitable quarter, reflecting disciplined execution and consistent cost management across the business. Our focus on operating efficiency and calibrated expansion has enabled us to maintain growth momentum while achieving profitability. We had committed to achieving profitability in the second half of FY26, and we are proud to have delivered on that promise. Going forward, we remain committed to responsibly scaling our platform and creating long-term value for our shareholders.”
Strategic Outlook
With profitability restored and margins improving across segments, MobiKwik is now better positioned to expand its digital financial services portfolio in a balanced and sustainable manner.
The company’s strong Q3 performance underscores its transition from growth-at-any-cost to growth-with-profitability — a pivotal shift as India’s digital payments and fintech ecosystem continues to expand rapidly.
As MobiKwik strengthens both payments and lending verticals, the latest results reinforce its role in advancing digital financial inclusion across the country while delivering improved returns to stakeholders.
