MobiKwik’s Q1 profit rises 76.7% QoQ to ₹7.6 crore despite revenue dip

One MobiKwik Systems reported June-quarter revenue from operations of ₹281 crore, down 2.5% sequentially, while reported EBITDA declined 9.8% to ₹15.7 crore.

— Source publishedMon, 3 Aug, 2026, 11:24 IST·First seen Mon, 3 Aug, 2026, 13:10 IST·Source NDTV Profit

What happened

One MobiKwik Systems · Indian payments and financial-services platform One MobiKwik reported a 76.7% sequential rise in June-quarter net profit to Rs 7.6 crore,

Key facts

  • Consolidated net profit rose 76.7% quarter-on-quarter to Rs 7.6 crore from Rs 4.3 crore
  • Revenue from operations declined 2.5% quarter-on-quarter to Rs 281 crore from Rs 289 crore
  • Reported EBITDA fell 9.8% quarter-on-quarter to Rs 15.7 crore from Rs 17.4 crore

Why this matters

MobiKwik remains a potentially attractive fintech partner with improving profitability, but its sequential revenue slowdown makes distribution, cross-sell and scale synergies central to any strategic discussion.

What to watch

  • Whether Q2 revenue returns to sequential growth and exceeds the ₹281 crore June-quarter base.
  • EBITDA margin trend after the reported 9.8% sequential EBITDA decline to ₹15.7 crore.
  • Breakdown of profit growth between core operating performance, other income, tax effects and one-time items.
  • Growth in financial-services revenue, active users, merchant base and monetization per user.
  • Credit disbursal growth, delinquency/collection indicators and any rise in provisioning.
  • RBI or fintech-lending regulatory changes affecting wallet, UPI, credit-distribution or partner-bank economics.
  • Competitive spending by PhonePe, Paytm, Google Pay and other payment/merchant-acquiring rivals.
  • Prioritize higher-yield financial-services products over low-margin payment-volume growth.
  • Tighten operating costs and marketing spend to protect EBITDA while revenue growth is soft.
  • Expand merchant monetization, including payment gateway, QR, subscription and value-added service offerings.
  • Increase cross-selling of credit, insurance and investment products to existing wallet and UPI users.
  • Emphasize adjusted operating metrics and cash generation to reassure investors that the profit increase is repeatable.