Q4 Results: MobiKwik posts Q4 profit against year-ago loss; EBITDA turns positive

One MobiKwik Systems Ltd reported a turnaround in profitability for the March quarter, posting a net profit of ₹4.4 crore compared to a net loss of ₹56.7 crore in the corresponding quarter last year.

Revenue from operations for Q4 FY26 rose 7.8% year-on-year to ₹288.7 crore from ₹267.7 crore.

The company also reported positive EBITDA of ₹10 crore for the quarter against an EBITDA loss of ₹56.5 crore in Q4 FY25. EBITDA margin improved sharply to 3.5% from negative 21% a year ago.

The results mark a significant improvement in operational performance for the fintech company after a volatile FY25, when profitability remained under pressure due to higher expenses and investments in growth initiatives.

MobiKwik, founded in 2009 by Bipin Preet Singh and Upasana Taku, operates across digital payments, lending, wealth distribution and merchant solutions. The company has built a large consumer and merchant ecosystem in India’s fintech space through its wallet, UPI, Buy Now Pay Later (BNPL) and payment gateway offerings.

In a major recent development, MobiKwik received approval from the Reserve Bank of India to launch its own NBFC business through MobiKwik Financial Services, enabling the company to expand its in-house lending operations. Analysts believe the move could help improve margins and deepen its regulated credit offerings over the long term.

The company has also been focusing aggressively on merchant payments and offline expansion, particularly in Tier-2 and Tier-3 markets, as part of its broader strategy to diversify revenue streams beyond consumer payments.

Recently, MobiKwik was also in the spotlight after Peak XV Partners exited its remaining stake in the company through block deals.

The sharp improvement in profitability during Q4 FY26 is likely to be viewed positively by investors, especially as the company focuses on scaling high-margin financial services businesses alongside payments growth.