One MobiKwik Systems Limited has announced its financial results for the quarter ended December 31, 2025 (Q3 FY26), reporting profitability in both EBITDA and Profit After Tax (PAT) for the quarter. The company achieved its highest-ever quarterly Gross Merchandise Value (GMV) of ₹481 billion, a 63% year-on-year (YoY) increase, driven by strong platform engagement and a 3.2x YoY growth in UPI transactions. The Payments business saw its GMV grow by 63% YoY to ₹481 billion, with a Net Payments Processing Margin of 17 basis points and a Gross Margin of 37%. The user base expanded to 186.6 million and the merchant base to 4.79 million. MobiKwik also holds the #7 position in the BBPS ecosystem. The Financial Services segment, particularly ZIP EMI, demonstrated renewed momentum with GMV growing 126% YoY to ₹9,000 million, surpassing previous peaks. The Financial Services Gross Profit reached ₹372 million, a 405% YoY increase, with Net FS Margin quadrupling YoY to 4.13% due to improved credit quality. Consolidated financials for Q3 FY26 showed total income of ₹2,972 million, an 8% YoY increase. Contribution profit rose 76% YoY to ₹1,288 million. EBITDA stood at ₹150 million, a significant YoY swing of ₹576 million, leading to a PAT of ₹40 million, a YoY swing of ₹593 million. The company emphasized its focus on acquiring higher-quality users and strengthening brand recall for efficient customer acquisition. MobiKwik highlighted its market leadership in the Wallet segment with an estimated 18% market share by value and its position among the top 5 fastest-growing UPI apps. The company is also focusing on expanding its Merchant Acquiring Business, both offline and online through its subsidiary Zaakpay. Governance updates include the appointment of Mr. Navdeep Singh Suri as Chairman and Mr. Radhakrishna Nair as an Independent Director, aimed at enhancing board independence. As of December 2025, the company reported an unencumbered cash balance of ₹4,244 million and minimal long-term debt, primarily utilizing short-term working capital facilities.
