MobiKwik Hits Profit Mark MobiKwik turned a corner in Q3 FY26. The fintech platform swung to profitability during the quarter on the back of record payments GMV, a tight leash on expenses and improving margins. The numbers came despite the company’s dipping financial services revenues. Here is a snapshot of the Q3 numbers: Net profit stood at INR 4 Cr against a loss of INR 55.3 Cr in the year-ago quarter Operating revenue rose 7.2% YoY to INR 288.9 Cr EBITDA improved to INR 15 Cr compared to an EBITDA loss of INR 42.7 Cr in Q3 FY25 Expenses declined 11% YoY to INR 282.2 Cr Payments vertical’s revenue rose 13.8% YoY to INR 223.7 Cr, while gross profit rose 35.7% to INR 83.3 Cr Financial services’ top line declined 10.6% YoY to INR 65.2 Cr on a gross profit of INR 37.2 Cr, up 405% YoY Payments Powerhouse: MobiKwik’s payments engine continued to do the heavy lifting in Q3. The company claimed that it managed to convert the surge in UPI activity to higher net margins despite a decrease in the overall take rate. The firm’s strong foothold in the digital wallet category also provided a stable foundation as… Read MoreInc42 Media
