MobiKwik delivered a profitable Q4, posting ₹4.4 crore profit despite revenue contraction. Better payments margins—driven by lower gateway costs and higher-margin merchant activity—helped offset the drag from surging zero-MDR UPI volume. The company is also reshaping its mix with ZIP EMI lending and expanding merchant QR and POS investments. Separately, India’s CCTV shake-up is pushing AI camera and chip startups to fill the China gap.
One MobiKwik Systems reported a net profit of Rs 4.38 crore in Q4 of FY26, reversing last year’s Rs 56 crore loss. Revenue from operations rose 8%, and the company’s EBITDA turned positive as well. The quarter signals a clear turnaround, with investors watching what drove the recovery after a difficult year.
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MobiKwik swung to a consolidated net profit of ₹4.4 crore in Q4 FY26, reversing a ₹56 crore loss in the year-ago quarter. Revenue from operations rose 7.8% to ₹288.7 crore, while expenses excluding finance and depreciation fell 14% YoY. Sequentially, profit increased 10%, though revenue was nearly flat quarter-on-quarter.
MobiKwik Systems shares spiked after the RBI approved its application to operate as a Non-Banking Financial Company. The nod enables the company to launch MobiKwik Financial Services Private Limited, aimed at expanding regulated lending and rolling out new credit products. Market players see this as a major boost to its fintech platform strategy and future revenue potential.
Peak XV Partners has completed an exit from One MobiKwik Systems via a block deal valued at over Rs 1.30 billion. The transaction marks a major liquidity event for the fintech startup’s investors, signaling continued reshuffling in India’s payments and digital credit landscape. The deal value underscores how quickly stakes can change hands in the VC-backed space.
MobiKwik has received Reserve Bank of India approval for an NBFC licence, setting up the launch of its own lending business. The fintech plans to operate this through a wholly owned subsidiary and roll out new credit products for both consumers and merchants. The RBI nod marks a major step as MobiKwik moves beyond payments into direct credit offerings.
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Mobikwik Group has received approval from the Reserve Bank of India to operate as a non-banking financial company, according to One MobiKwik Systems. The NBFC licence is a major regulatory milestone that can enable Mobikwik to broaden financial services, including credit-linked products, under RBI oversight and rules.
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