MobiKwik swings to ₹4.4 Cr Q4 profit, bets ₹55 Cr on merchant QR/PoS push
MobiKwik returned to black in Q4 FY26 with ₹4.4 Cr profit versus a ₹56 Cr loss a year ago, as revenue rose 7.8% to ₹288.7 Cr and expenses fell 14% to ₹278.6 Cr. The fintech is channelling ₹55 Cr into QR and PoS infrastructure, targeting a 10X merchant revenue lift by FY28 on the back of ZIP EMI lending and a fresh NBFC licence.
What happened
Mobikwik · MobiKwik returned to profit in Q4 FY26 (₹4.4 Cr vs ₹56 Cr loss) on 7.8% revenue growth and lower costs; ZIP EMI lending and new NBFC licence drive
Key facts
- Q4 FY26 profit ₹4.4 Cr vs ₹56 Cr loss YoY
- revenue ₹288.7 Cr +7.8% YoY
- expenses ₹278.6 Cr -14% YoY
- ₹55 Cr invested in QR/PoS
- 10X merchant revenue target by FY28
- Nazara Q4 profit ₹55.7 Cr
- Nazara FY26 revenue ₹1,829 Cr
- HrdWyr Series A ₹124 Cr
Why this matters
The fresh NBFC licence plus ZIP EMI lending pivot positions MobiKwik as a credit-led merchant acquirer, opening partnership or acquisition angles with PoS networks and offline retail chains seeking embedded financing.