Indian fintech firm One MobiKwik Systems Limited has reported its second straight profitable quarter, signalling a turnaround in its financial performance as the company moves closer to full-year profitability.
The Gurugram-based company said its earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 174 million in the January-March quarter of FY26, marking an improvement of Rs 632 million compared with the same period a year earlier. For the full financial year, EBITDA improved by Rs 742 million year-on-year, nearing breakeven levels.
Net profit for the fourth quarter came in at Rs 44 million, reflecting a sharp recovery from losses reported in the corresponding quarter last year. The company attributed the performance to disciplined execution across both its payments and financial services businesses.
MobiKwik’s contribution profit — a key measure of operational efficiency — more than doubled year-on-year during the quarter to Rs 1,351 million. For the full year, contribution profit rose 21% to Rs 4,374 million, while contribution margins expanded to 38%, up from 30% in FY25.
Revenue from operations during the March quarter increased 8% year-on-year to Rs 2,887 million. Total income for FY26 stood at Rs 11,542 million.
The company also highlighted strong growth in its Unified Payments Interface (UPI) business. According to the firm, it emerged as India’s second fastest-growing third-party application provider (TPAP) UPI app during the year. UPI transactions on the platform surged 170% year-on-year, significantly outpacing the broader industry growth rate.
MobiKwik said the latest results demonstrate that growth and profitability can progress together, marking what it described as an “inflection point” in the company’s journey toward sustainable scale.
