Digital payments firm MobiKwik posted a profit after tax of Rs 3.94 crore in Q3 FY26, reversing a loss of Rs 55.75 crore in the same period a year earlier, as the company sharply reduced key operating costs despite modest top-line growth.The fintech platform’s revenue from operations rose 7.23% to Rs 288.94 crore from Rs 269.47 crore in Q3 FY25, according to its financial statements. The return to profitability marks a turnaround for the company, which has struggled with sustained losses since its stock market listing in 2024. The shift to the black was driven primarily by aggressive cost-cutting measures. Payment processing charges, MobiKwik’s largest expense line, fell 10.18% to Rs 129.07 crore from Rs 143.7 crore a year earlier. Employee benefit expenses declined 6.51% to Rs 41.48 crore from Rs 44.37 crore, while other expenses dropped 3.78% to Rs 83.73 crore from Rs 87.02 crore.Total expenses fell 11% to Rs 282.24 crore from Rs 317.14 crore a year earlier. EBITDA rose to a positive Rs 14.97 crore compared with negative Rs 42.67 crore in Q3 FY25.MobiKwik’s customer-initiated UPI gross merchandise value (GMV) reached Rs 20,960 crore in Q3 FY26, reflecting 21% quarter-on-quarter growth and 123% year-on-year growth, as the… Read MoreYourStory RSS Feed
