One MobiKwik Systems

MobiKwik delivered a landmark Q4 FY26 with back-to-back profitable quarters. Total income grew 6Current reported value: 6. No comparable prior figure is available in the source record.% YoY to ₹296 crore, while EBITDA margin expanded to 5.9% (₹17.4Current reported value: 17.4. No comparable prior figure is available in the source record. crore). PAT came in at ₹4.4Current reported value: 4.4. No comparable prior figure is available in the source record. crore, including a ₹3.8 crore one-time wage code charge. The core payments and lending business generated ~₹50 crore EBITDA, deliberately reinvested into four new growth engines: offline/online merchant payments, NBFC lending, and AI. Payment GMV hit an all-time high of ₹524 billion (+58% YoY), with UPI transactions growing 170% YoYCurrent 170% YoY. Reported change: +144pp vs industry. (6.5x industry). Digital credit GMV reached ~₹3,200 crore, with super-prime mix improving from 10% to 32%Current 32%. Reported change: +22pp YoY. and repeat loans from 20% to 63.5%Current 63.5%. Reported change: +43.5pp YoY.. Management guided for 30-35% GMV growth in FY27 and maintained EBITDA margin guidance of ~5%. Key risk: regulatory changes could compress payment take rates, which management flagged as a conservative assumption.