One MobiKwik Systems Limited has announced the transcript of its Earnings Call held on February 03, 2026, for the third quarter of the financial year 2026. The company reported achieving both EBITDA and PAT profitability in Q3 FY'26, fulfilling its commitment to turn profitable in the second half of the fiscal year. In the Payments segment, the Gross Merchandise Value (GMV) reached an all-time high of ₹481 billion, marking the 12th consecutive quarter of record performance. The payments business saw a year-on-year growth of 63% and a quarter-on-quarter growth of 11%. UPI transactions for MobiKwik grew by 220% year-on-year. Payments revenue stood at ₹223.7 crore with a net margin of approximately 17 basis points, driven by wallet and bill payments. The Financial Services segment, primarily digital lending, disbursed approximately ₹900 crore in personal loans, a 126% year-on-year increase for its ZIP EMI product. The company reported significant improvement in credit quality and collection efficiency, leading to a gross profit of ₹37 crore for financial services, up 405% year-on-year and 45% quarter-on-quarter. Lending-related expenses decreased by 57% year-on-year. On a consolidated level, total income rose by 8% year-on-year to ₹297 crore. Contribution profit jumped 76% year-on-year to ₹129 crore. The company achieved an EBITDA of ₹15 crore, a significant swing from the previous year, and a Profit After Tax (PAT) of ₹40 crore, reflecting a swing of ₹59 crore year-on-year. The management indicated a focus on sustainable growth, maintaining credit quality, and controlling costs in the digital lending business. While the company is building new moats in merchant acquiring, it expects short to midterm growth to come from existing consumer payments and financial services businesses. The company is also exploring wealth management and broking offerings but does not expect significant monetization from them in the short to midterm.
