Mobikwik Systems delivered a remarkable financial turnaround in Q4 FY26, posting a net profit of ₹4.38 crore compared to a net loss of ₹56 crore in the corresponding quarter of the previous fiscal year. According to the latest company filing, this marks the company's second consecutive profitable quarter, reflecting disciplined execution across its payments and financial services businesses. The company achieved this turnaround mainly on account of cost discipline, demonstrating effective operational management during the quarter.
The company's revenue from operations surged by 7.8% year-on-year to ₹289 crore during the March quarter, compared to ₹268 crore in Q4 FY25. As reported by MobiKwik, this growth demonstrates the company's continued expansion in its core payment services business. The revenue increase was driven by strong performance across the company's payment ecosystem and financial services offerings.
Mobikwik's payments gross merchandise value (GMV) reached ₹52,400 crore for the reporting quarter, marking a substantial 58% year-on-year increase from ₹33,100 crore in Q4 FY25. According to the company's press release, this significant growth in payments GMV demonstrates the strong demand for the company's payment services and the effectiveness of its merchant acquisition strategies. The robust GMV growth indicates expanding market penetration and increased transaction volumes on the platform.
For the full financial year 2026, Mobikwik posted a narrowing of loss to ₹62.1 crore for the year ended March 31, 2026, compared to ₹121.5 crore loss a year ago. However, revenue from operations dropped 4.3% to ₹1,119.2 crore from ₹1,170 crore in the previous year. Despite the annual revenue decline, the company's disciplined approach to cost management and strategic focus on profitability has resulted in significant improvement in quarterly performance.
Bipin Preet Singh, Co-founder, MD & CEO of MobiKwik, characterized FY26 as the company's inflection year, stating that they delivered a profitable H2 as committed and achieved a ₹742 million EBITDA swing. As reported by the company, Singh emphasized that scaling responsibly and building profitability are aligned, not at odds. The management outlined plans to scale up the core business while building four new growth engines: offline and online merchant acquiring, unlocking lending through their NBFC, and AI powering everything they do. Singh noted that "the margins generated from our core will fund the buildout of these new moats" over the next two years.
One MobiKwik Systems has a total market capitalisation of ₹1,739.94 crore as of May 12, 2026, according to data on the NSE. The company's stock performance reflects investor confidence in the sustained profitability trajectory and growth prospects outlined by management. The strong quarterly results demonstrate the effectiveness of the company's strategic focus on building sustainable profitability while scaling operations across multiple business verticals.
