Summary

MobiKwik concluded FY26 with its second consecutive profitable quarter, reporting Q4 FY26 EBITDA of ₹174 Mn and a PAT of ₹44 Mn, reflecting substantial year-over-year improvements. For the full fiscal year, the company achieved a significant ₹742 Mn EBITDA improvement, nearing breakeven at ₹-52 Mn, and reported a profitable H2 FY26 with PAT of ₹84 Mn. Contribution Profit demonstrated robust growth, up 112% YoY in Q4 and 21% YoY for the full year to ₹4,374 Mn, with margins expanding to 38%. Management views FY26 as an inflection year, emphasizing disciplined execution and a strategic shift towards higher-quality lending, while also investing in new growth engines expected to be funded by core business margins.

Key Highlights

1. 1

   MobiKwik reported its second consecutive profitable quarter in Q4 FY26, with EBITDA reaching ₹174 Mn, marking a ₹632 Mn year-over-year improvement.

2. 2

   Profit After Tax (PAT) for Q4 FY26 stood at ₹44 Mn, reflecting a significant year-over-year upswing of ₹604 Mn.

3. 3

   Contribution Profit grew impressively by 112% year-over-year in Q4 to ₹1,351 Mn, while full-year FY26 Contribution Profit increased 21% year-over-year to ₹4,374 Mn, achieving a 38% margin.

4. 4

   Revenue from operations in Q4 FY26 reached ₹2,887 Mn, up 8% year-over-year, contributing to a full-year FY26 total income of ₹11,542 Mn.

5. 5

   For the full fiscal year, FY26 EBITDA improved by ₹742 Mn year-over-year, nearing breakeven at ₹-52 Mn, while H2 FY26 turned profitable with a PAT of ₹84 Mn.

6. 6

   The company maintained its position as the #1 PPI Wallet in India and was ranked the 2nd fastest-growing TPAP in India's UPI ecosystem, with UPI transactions surging 170% year-over-year.