MobiKwik Q4 FY26 profit at ₹4.38 cr; shares fall 3%

What MobiKwik reported this quarter

Fintech firm One MobiKwik Systems reported a consolidated net profit of ₹4.38 crore for the March quarter (Q4 FY26). The company had posted a consolidated loss of ₹56 crore in the same quarter a year earlier (Q4 FY25). The result marks a year-on-year swing to profitability, and it follows the company’s return to profit in the preceding quarter as well. Reuters reported the March-quarter number and also highlighted the quarter-on-quarter improvement. MobiKwik is based in Gurugram and is listed on the NSE under the symbol MOBIKWIK.

Profit improved sequentially from Q3 FY26

Sequentially, MobiKwik’s consolidated net profit rose 8.3% from ₹4.04 crore in Q3 FY26 to ₹4.38 crore in Q4 FY26, as per the Reuters update. The company’s recent quarterly disclosures and data snapshots also show that profitability has been uneven in prior quarters, with losses preceding the turnaround. One dataset included in the provided material lists profit after tax (PAT) at ₹4.05 crore for the quarter ended December 31, 2025 (Dec 2025). Another reference in the same material cites ₹4.04 crore for Q3 FY26, indicating a close alignment around a ₹4 crore quarterly profit level.

Stock reaction: shares traded lower

Despite the move to profit, the stock traded in the red. The material notes that One MobiKwik Systems “swings to profit” even as “shares down 3%.” Another price snapshot shows the share price moved down 2.04% from a previous close of ₹185.25, with the stock last traded at ₹181.48. These are point-in-time moves captured alongside the results-related updates.

Q3 FY26: the earlier return to profitability

Before the March-quarter profit, MobiKwik had already reported a profitable December quarter. The provided content states the company posted a profit of about ₹4 crore in the December quarter of 2025 compared with a loss of about ₹55 crore in the December quarter of 2024. The turnaround was attributed in the text to reduced payment processing charges, lending-related operational business, and cost optimisation. A statement attributed to Co-founder and CFO Upasana Taku in the supplied material linked the quarter’s profitability to “disciplined execution” and “sustained cost optimization,” alongside a focus on operating efficiency.

What the quarterly financial table shows

A quarterly table included in the material lists “Total Income” at ₹297.22 crore for Dec 2025, with “Total Expenses” at ₹285.94 crore and EBIT at ₹11.28 crore. The same table shows that Sep 2025 had negative EBIT (₹-21.37 crore) and PAT of ₹-28.62 crore, indicating a weaker preceding quarter. Another section of the supplied text separately mentions “Revenue from operations” rising about 7% to ₹289 crore during the quarter versus ₹269.4 crore a year ago, which sits alongside the “Total Income” figures shown in the table.

Operating metrics highlighted in the updates

The material states that MobiKwik’s payments gross merchandise value (GMV) reached an all-time high of ₹48,100 crore. It also says UPI transactions on the platform rose 3.2 times year-on-year. Another reference in the same content describes the ₹48,100 crore GMV as a 63% year-on-year increase for Q3 FY26. These operating metrics were presented as part of the narrative around improved performance in the payments business.

Cost structure details disclosed in the material

Beyond quarterly profit figures, the content includes cost ratios for the year ended March 31, 2025. It states the company spent 2.33% of operating revenues towards interest expenses and 14.55% towards employee cost. The material also notes that the company has “sufficient cash reserves to pay off its contingent liabilities,” presented as a consolidated-financials takeaway.

Key numbers at a glance

Why this update matters for investors

The shift from a large year-ago loss to a positive quarterly profit is a key change in the company’s recent financial trajectory. The sequential increase from ₹4.04 crore to ₹4.38 crore also suggests profitability has continued, at least over the last two reported quarters cited in the material. At the same time, the stock’s decline indicates that markets can still react cautiously around results, expectations, or near-term trading dynamics. The provided data also shows that the business had loss-making quarters earlier, including a PAT of ₹-28.62 crore in Sep 2025 in the quarterly table.

What to watch next

The supplied information does not include guidance or forward targets, but it does set a clear near-term benchmark: sustaining profitability beyond the ₹4 crore level reported in successive quarters. Investors will likely track how revenue and “Total Income” trends compare with expense control, given the earlier emphasis on cost optimisation and lower processing charges. Separately, operating indicators such as GMV and UPI transaction growth are likely to remain in focus as the company discusses scale and monetisation.

Conclusion

MobiKwik reported a consolidated net profit of ₹4.38 crore in Q4 FY26, reversing a ₹56 crore loss in Q4 FY25 and improving sequentially from ₹4.04 crore in Q3 FY26. Even so, the stock traded lower on the day, with snapshots showing declines of around 2% to 3%. The next set of results will be watched for confirmation that the return to profitability can be maintained alongside the company’s payments-scale metrics such as GMV and UPI activity.