MobiKwik swings to ₹4.4 Cr Q4 profit; FY26 still bleeds ₹62 Cr as stock dives 11%
MobiKwik turned profitable in Q4 FY26 with ₹4.4 Cr PAT versus a ₹56 Cr loss YoY, on revenue of ₹288.7 Cr (+7.8%). Payments GMV hit ₹52,400 Cr and merchant base reached 4.92 Mn. Yet FY26 closed with a ₹61.9 Cr loss and shares slid 10.99% to ₹202.45 as investors weighed the FY28 10X merchant revenue target.
What happened
Mobikwik · MobiKwik swung to ₹4.4 Cr Q4 profit on 8% revenue growth, with payments GMV up 9% and merchant base at 4.92 Mn. It targets 10X merchant payments
Key facts
- Q4 net profit ₹4.4 Cr vs ₹56 Cr loss YoY
- revenue ₹288.7 Cr up 7.8% YoY
- FY26 loss ₹61.9 Cr
- payments GMV ₹52,400 Cr Q4
- 189.6 Mn users
- 4.92 Mn merchants
- ZIP EMI GMV ₹3,238 Cr FY26
- shares -10.99% to ₹202.45
Why this matters
With 4.92 Mn merchants, ₹52,400 Cr GMV, and a battered share price, MobiKwik becomes a more interesting bolt-on or partnership target for banks and larger fintechs hunting distribution at a discount.