One Mobikwik Systems Ltd
P&L
Quarterly Consolidated
vs Q4 FY25
One Mobikwik Systems Ltd Reports Q1 FY26 Results: 53% YoY Payments GMV Growth, 31% QoQ Increase in EMI Disbursals, and 32% QoQ EBITDA Growth
31 Jul 2025 · 31 Jul 2025, 11:11 pm
Summary
One Mobikwik Systems Ltd, India's largest digital wallet, announced its earnings results for the quarter ended June 30, 2025. The company reported a 53% YoY growth in Payments GMV, a 31% QoQ increase in EMI disbursals, and a 32% QoQ growth in EBITDA. The payments business demonstrated strong growth and resilience, with a 12% YoY expansion in margin percentage. The digital finance business is in a phase of renewed momentum, with upside potential across both revenues and profitability. The company also secured a Stock Broking license, reflecting its vision of evolving into a single trusted platform for Bharat's financial needs.
Key Highlights
- 1
Payments GMV grew 53% YoY and 16% QoQ to reach INR 384 Bn
- 2
User base grew to 180.2 Mn and merchant base to 4.64 Mn in Q1 FY26
- 3
Net Payments margin was maintained at 15 bps
- 4
Gross Margin for the payments business reached an all-time high of 28%
- 5
Following 32%+ growth in EMI disbursals last quarter, this quarter saw a further 31% QoQ increase
- 6
Secured a Stock Broking license
- 7
32% QoQ EBITDA growth, driven by improved direct and fixed costs
Management Comments
Upasana Taku
We are pleased with the consistent progress across our core business. Payments demonstrated strong growth and Financial Services recovered resulting in an improved Q1 EBITDA, which reinforces our path to profitability. We remain focused on driving operating leverage and building for long-term value creation.
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