One MobiKwik Achieves PAT Profitability in Q3FY26 with ₹40M Net Profit
One MobiKwik Systems delivered a landmark quarter by achieving PAT profitability of ₹40.48 million in Q3FY26 compared to a loss of ₹552.84 million in the previous year. The company reported strong operational performance with EBITDA turning positive at ₹149.72 million, revenue growth of 8% YoY to ₹2,972.20 million, and significant improvements in business metrics including 63% YoY growth in Payments GMV to ₹481 billion and 126% YoY growth in ZIP EMI GMV to ₹9,000 million.
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One MobiKwik Systems has achieved a significant milestone by turning PAT profitable in Q3FY26, reporting consolidated net profit of ₹40.48 million compared to a loss of ₹552.84 million in the corresponding quarter of the previous year. The digital payments and financial services company demonstrated strong operational improvements with revenue growth of 8% YoY to ₹2,972.20 million and a remarkable EBITDA turnaround.
Strong Financial Performance and Profitability Turnaround
The company delivered exceptional financial results for the quarter ended December 31, 2025, with total income reaching ₹2,972.20 million compared to ₹2,744.69 million in Q3FY25. EBITDA turned positive at ₹149.72 million versus a loss of ₹426.72 million in the same quarter last year, representing a significant improvement of ₹576 million YoY.
| Financial Metric: | Q3FY26 | Q3FY25 | YoY Change |
|---|---|---|---|
| Total Income: | ₹2,972.20 million | ₹2,744.69 million | +8% |
| Revenue from Operations: | ₹2,889.46 million | ₹2,694.77 million | +7% |
| EBITDA: | ₹149.72 million | (₹426.72 million) | +₹576 million |
| Net Profit/(Loss): | ₹40.48 million | (₹552.84 million) | +₹593 million |
| EBITDA Margin: | 5.04% | - | Positive margin |
Business Segment Performance
The company's payments business achieved record performance with Payments GMV hitting an all-time high of ₹481 billion, growing 63% YoY. UPI transactions surged 3.2x YoY, positioning the company among the top 5 fastest-growing UPI apps in India's ecosystem. The user base expanded to 186.6 million with merchant base reaching 4.79 million.
Financial Services business showed strong recovery with ZIP EMI GMV growing 126% YoY to ₹9,000 million, reaching an all-time high. Financial services gross profit increased 405% YoY to ₹372 million, with net FS margin improving from 1.05% in Q3FY25 to 4.13% in Q3FY26.
Operational Efficiency and Cost Management
The company demonstrated improved operational discipline with contribution profit increasing 76% YoY to ₹1,288 million. Fixed costs as a percentage of total income reduced to 38% in Q3FY26 from 42% in Q3FY25, reflecting enhanced cost management. Total expenses decreased to ₹2,822.48 million from ₹3,171.41 million in the previous year's corresponding quarter.
| Operational Metric: | Q3FY26 | Q3FY25 | Performance |
|---|---|---|---|
| Contribution Profit: | ₹1,288 million | ₹730 million | +76% YoY |
| Fixed Costs % of Income: | 38% | 42% | Improved efficiency |
| Payments GMV: | ₹481 billion | ₹294 billion | +63% YoY |
| ZIP EMI GMV: | ₹9,000 million | ₹3,979 million | +126% YoY |
Strategic Positioning and Market Leadership
One MobiKwik Systems maintained its position as India's largest digital wallet with 18% market share of PPI wallet gross transaction value. The company ranked as the #7 largest Customer Operating Unit in the BBPS ecosystem and achieved best-in-class net payments processing margin of 17 basis points. The payments business gross margin reached an all-time high of 37%, reflecting improved monetization beyond UPI services.
Historical Stock Returns for One Mobikwik Systems
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +16.57% | +16.77% | +1.08% | -1.37% | -43.19% | -56.23% |
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