Highlights
MobiKwik Reports Q4 FY26 Financial Results
Fintech platform MobiKwik has announced its financial results for Q4 FY26 on Tuesday. MobiKwik experienced an 8% year-on-year growth in operating revenue, achieving a profit of Rs 4.4 crore for the quarter, compared to a net loss of Rs 56 crore in the same quarter last year. The revenue from operations for MobiKwik rose to Rs 289 crore in Q4 FY26, up from Rs 268 crore in the previous year’s quarter, as indicated by its unaudited financial documents obtained from the National Stock Exchange (NSE).
Revenue Drivers for MobiKwik in Q4 FY26
For MobiKwik, the primary contributors to revenue in Q4 FY26 included commissions from recharges, loan servicing, and earnings from payment gateway and technology platform services. However, the company did not provide a breakdown of revenue by segment in its quarterly report.
Full Fiscal Year Performance
Over the entire fiscal year concluding in March 2026, MobiKwik’s revenue remained flat at Rs 1,119 crore, while its losses decreased to Rs 62 crore, down from Rs 122 crore in FY25.
Cost Management
For the Gurugram-based enterprise, payment gateway expenses were the largest cost in Q4 FY26, making up over 41% of total costs, which amounted to Rs 119 crore. Employee benefit costs reached Rs 46 crore, while lending operational expenses saw a significant reduction of 95%, dropping to Rs 2 crore from Rs 41 crore in the same quarter of the previous year.
Financial guarantee costs for MobiKwik totalled Rs 30 crore in Q4 FY26, while legal, advertising, marketing, finance, and other expenses contributed to total costs reaching Rs 288 crore. The overall cost structure was reduced by 14% from Rs 335 crore in the corresponding quarter of last year.
MobiKwik reported a profit of Rs 4.4 crore for Q4 FY26, contrasting with a loss of Rs 56 crore in the same quarter the previous year, supported by efficient expense management, particularly the reductions in lending operational costs. Sequentially, the profit saw a 10% increase.
Recently, MobiKwik’s early investor Peak XV Partners has fully divested its stake in the company through a block deal valued at Rs 130 crore, selling its 7.7% interest.
Last month, MobiKwik obtained approval from the Reserve Bank of India for its NBFC licence application, setting the stage for the establishment of its in-house lending division.
Currently, MobiKwik’s stock is trading at Rs 220.9 (as of 11:18 AM), with a total market capitalization of Rs 1,740 crore, which translates to about $183 million.
