MobiKwik Swings To ₹4.4 Cr Q4 Profit As Payments GMV Jumps 57% In FY26
MobiKwik returned to black with ₹4.4 Cr Q4 profit versus ₹56 Cr loss, on revenue of ₹288.7 Cr (+8% YoY). Payments GMV hit ₹1.82 Lakh Cr in FY26 (+57%), though take rate compressed to 40 bps. Secured RBI NBFC, PA and SEBI broking licences; targets 10x merchant payments revenue by FY28. Shares fell 11% to ₹202.45.
What happened
Mobikwik · MobiKwik swung to ₹4.4 Cr Q4 profit on 8% revenue growth, with payments GMV up 9% and financial services gross margin jumping to 59%. It secured RBI
Key facts
- Q4 net profit ₹4.4 Cr vs ₹56 Cr loss YoY
- Q4 revenue ₹288.7 Cr +7.8% YoY
- Q4 EBITDA ₹17.4 Cr vs -₹45.8 Cr
- FY26 net loss ₹61.9 Cr vs ₹121.5 Cr
- FY26 revenue ₹1,119.2 Cr -4.4%
- Payments GMV Q4 ₹52,400 Cr +9% YoY
- FY26 Payments GMV ₹1.82 Lakh Cr +57%
- Take rate 40 bps from 54 bps
- 189.6 Mn users +7.5%
- 4.92 Mn merchants +6.5%
- Financial services revenue ₹77.2 Cr +18%
- ZIP EMI users 1.58 Mn
- ZIP EMI GMV ₹3,238 Cr +31%
- 10x merchant payments revenue target by FY28
- ₹55 Cr invested in merchant payments
- Shares -10.99% at ₹202.45
Why this matters
MobiKwik's freshly stacked RBI NBFC, PA and SEBI broking licences plus a depressed ₹202 share price create an interesting platform-acquisition or strategic-partnership window for players seeking regulated fintech rails in India.