Summary

One Mobikwik Systems Ltd. (MobiKwik) announced its earnings results for the quarter ended September 30, 2025. The company delivered record performance across its Payments and Financial Services businesses, building on its robust growth momentum and marking a strong step forward on its profitability journey.

Key Highlights

1. 1

   Top 3 Fastest Growing UPI Apps in India’s UPI Ecosystem

2. 2

   Industry’s best Payments Gross Margin 29%

3. 3

   Financial Services Gross Profit climbs 231% QoQ

4. 4

   Contribution Profit up 24% QoQ driven by 10% drop in direct costs

5. 5

   EBITDA Improved by 80% (€24.8 Cr) QoQ; driven by cost discipline

6. 6

   Highest-ever quarterly GMV, grew 53% YoY and 13% QoQ

7. 7

   User base grew to 183.5 Mn and merchant base to 4.71 Mn in Q2 FY26

8. 8

   Payments revenue increased 11% YoY

9. 9

   Net Payments processing margin was maintained at 14 bps

10. 10

    Gross Margin for the payments business reached an all-time high of 29%

11. 11

    ZIP EMI GMV continued to witness strong growth, growing 16%+ QoQ

12. 12

    Financial Services Margin marks a strong comeback, Gross Profit climbs 231% QoQ growth

13. 13

    Lending-related expenses significantly reduced to 4.4% of GMV as compared to 7.3% last quarter