Quarter Ended: March 2026
One MobiKwik Systems Limited – Q4 FY26 Results
NSE
mobikwik
BSE
544305
MobiKwik reported a profitable Q4 FY26 with strong EBITDA recovery and positive quarterly PAT, although the company remained loss-making at the full-year level.
key financial highlights
- Revenue from Operations:
- Revenue (Q4 FY26): ₹2,887.12 Million
- QoQ Change: -0.08%
- YoY Change: +7.82%
- Previous Quarter (Q3 FY26): ₹2,889.46 Million
- Previous Year (Q4 FY25): ₹2,677.84 Million
- Revenue (Q4 FY26): ₹2,887.12 Million
- Profit After Tax (PAT):
- PAT (Q4 FY26): ₹43.8 Million
- QoQ Change: +8.30%
- YoY Change: +107.82%
- Previous Quarter (Q3 FY26): ₹40.48 Million
- Previous Year (Q4 FY25): ₹(560.37) Million Loss
- PAT (Q4 FY26): ₹43.8 Million
- Analysis:
- Revenue: Revenue remained broadly stable sequentially while showing moderate yearly growth, indicating steady transaction activity and platform monetisation.
- Profit: The company achieved profitability in Q4 compared to a significant loss in the corresponding quarter last year, driven by operating expense optimisation and improved EBITDA performance.
- Revenue: Revenue remained broadly stable sequentially while showing moderate yearly growth, indicating steady transaction activity and platform monetisation.
Margin Analysis
Drivers:
- Lending operational expenses declined sharply.
- Payment processing costs moderated.
- EBITDA losses narrowed substantially.
- Cost rationalisation improved operational efficiency.
- Quarterly EBITDA turned positive.
Insight:
- The business is progressing toward sustainable profitability through disciplined expense management.
Segment insight
Business Overview:
MobiKwik operates across:
- Digital payments
- Wallet services
- Buy-now-pay-later (BNPL)
- Consumer lending
- Financial distribution services
Operational Direction:
- Lending cost moderation supported profitability.
- Fintech monetisation remains stable.
- Expense optimisation remains management priority.
Earning quality check
Key Drivers:
- Quarterly profitability turned positive.
- Annual operating cash flow remained negative.
- Investing activities generated positive cash inflow due to maturity of deposits.
- Financing cash flow remained almost neutral.
- Cash reserves remained stable.
Interpretations:
- Operational improvement is visible, though cash flow sustainability remains an important monitorable factor.
balance sheet Analysis
- Total Assets: ₹14,085.68 Million
- Total Equity: ₹5,388.96 Million
- Total Current Assets: ₹12,623.48 Million
- Total Borrowings: ₹2,611.68 Million
Key Balance Sheet Observations:
- Strong liquidity position remains intact.
- Equity base declined due to annual losses.
- Borrowings reduced marginally.
- Current asset base improved.
- Receivables increased during the year.
key risks
- Continued annual net losses.
- Dependence on fintech transaction volumes.
- Regulatory risks in digital lending and payments.
- Margin pressure from payment processing costs.
- Competitive intensity in fintech ecosystem.
management strategy signals
Focus Area:
- Improving profitability.
- Cost optimisation.
- Controlled lending expansion.
- Enhancing operating leverage.
- Maintaining strong liquidity reserves.
Financial metrics table
| Particular | Q4 FY26 | Q.O.Q | Y.O.Y |
|---|---|---|---|
| Total Income | ₹2,960.32 Million | -0.40% | +6.29% |
| PBT | ₹44.79 Million | +10.62% | Turnaround |
| PAT | ₹43.84 Million | +8.30% | Turnaround |
MobiKwik’s FY26 results indicate meaningful operational improvement, particularly in Q4 where the company returned to profitability and delivered positive EBITDA. The reduction in lending-related expenses and tighter cost controls are encouraging signs.
However, the business still reported annual losses and negative operating cash flow, suggesting that sustainable profitability has not yet fully stabilised. Investors will likely monitor whether quarterly profitability can continue consistently across FY27.
Official Exchange Filing: One MobiKwik Systems Limited
Quarterly Performance Context
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED