One MobiKwik Systems shares surged up to 13% following the company's announcement that its wholly-owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), has received approval from the Bombay Stock Exchange (BSE) to commence its stock broking business. According to The Economic Times, BSE has enabled MSBPL on its platform with effect from February 24, 2026. This approval follows the stock broking licence granted to MSBPL by the Securities and Exchange Board of India in July 2025. The stock opened at ₹213.90, higher than Monday's close of ₹201.76, demonstrating strong investor interest in the financial services expansion. With the latest nod, the company is now authorised to begin broking operations on the BSE, including activities related to buying, selling, dealing, clearing, and settlement of equity trades.
Mobikwik reported a consolidated net profit of ₹4 crore for Q3 FY26, marking a significant turnaround from a net loss of ₹55 crore in the corresponding quarter last year. As reported by Upstox, the company achieved this profitability mainly due to reduction in payment processing charges, lending operational business, and cost optimisation. Quarterly revenue grew 7% to ₹289 crore during the quarter from ₹269.4 crore a year earlier. The company's payments gross merchandise value (GMV) hit an all-time high of ₹48,100 crore, while UPI transactions on the platform surged by 3.2 times on a year-on-year basis. EBITDA stood at ₹6.8 crore compared with an EBITDA loss of ₹47.6 crore in the same quarter last year, with the EBITDA margin at 2.4%.
Upasana Taku, Executive Director, Co-founder & CFO, Mobikwik, stated that the approval by BSE to commence their stock broking business is a pivotal step in Mobikwik's evolution into a scaled financial services platform. According to CNBC TV18, Taku emphasized that "the BSE approval is a pivotal step in the company's journey to build a scaled financial services platform." She noted that with rising retail investor participation in India, the company aims to simplify investing for first-time users and continue advancing financial inclusion. The CFO highlighted that the development marks the completion of the key regulatory steps required for the subsidiary to operationalise its stock broking business. As reported by The Economic Times, Taku stated that "India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets."
One MobiKwik Systems Ltd. is India's leading digital wallet that offers a wide range of payments and financial products to both consumers and merchants. Founded by Bipin Preet Singh and Upasana Taku in 2009, the company today serves 186.6 million+ registered users and 4.79 million+ merchants. As reported by Upstox, the company offers various payment products such as MobiKwik Wallet, UPI, Pocket UPI, and Zaakpay (payment gateway). The company has expanded into the distribution of financial products ranging from credit (ZIP EMI, MCA) and savings & investment products (fixed deposits, mutual funds, digital gold, Lens.AI) on its platform. The company maintained an 18% market share of prepaid payment instrument (PPI) wallet gross transaction value in December 2025, demonstrating its major role in digital payment systems. The introduction of stock broking services to its current digital credit, investment and insurance services will enhance its integrated fintech ecosystem.
One MobiKwik Systems shares were trading up to 13% higher following the BSE approval announcement, as reported by The Economic Times. The latest surge brings the fintech stock up 13% over the past month, indicating strong momentum following the regulatory developments. However, the stock shows mixed broader performance with a 6.45% decline over the last six months and 7.59% drop since the start of 2026. The stock has fallen 31.64% since last year and stands 56.43% lower than its December 2024 listing price. The company's market capitalisation currently stands at ₹1,720.26 crore. The stock had previously shed 5% over the past five sessions and 11% over the past six months. In terms of year-to-date performance, the fintech stock had fallen 12.11% since the beginning of 2026. The company's 52-week high of ₹354.40 was reached on March 19, 2025, while its 52-week low of ₹190.62 was touched on January 27, 2026. The stock had made a strong debut at ₹440 apiece on NSE in December 2024, marking a premium of around 58% from the IPO price of ₹279 apiece, but has since fallen more than 48% from its listing price.
