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MobiKwik Returns to Profit in Q3 FY26 as Cost Cuts Lift Margins

Published figures vary across unaudited disclosures, leaving the scale of the turnaround to be confirmed.

Overview

  • MobiKwik reported a consolidated profit of about Rs 3.9–4 crore for the December quarter in filings cited by PTI/YourStory, while an alternate unaudited set referenced by Free Press Journal put profit at Rs 40.5 crore.
  • Revenue from operations rose roughly 7% year-on-year to about Rs 289 crore, reflecting modest top-line growth alongside margin gains.
  • Total expenses fell 11% year-on-year, with payment processing charges down about 10% and EBITDA turning positive at roughly Rs 15 crore.
  • The company highlighted record payments GMV of Rs 48,100 crore and a 3.2x year-on-year surge in UPI transactions, supported by ongoing cost optimisation.
  • Customer-initiated UPI GMV reached Rs 20,960 crore, rising 123% year-on-year with UPI’s share of total GMV up to 41% and improved rankings in UPI transaction metrics.