On a consolidated basis, Mobikwik posted a net profit of Rs 4.05 crore in Q3 December 2025, reversing a loss of Rs 55.28 crore in Q3 December 2024 and a loss of Rs 28.62 crore in Q2 September 2025.
Total income rose 8.29% YoY and 6.40% QoQ to Rs 297.22 crore in the December 2025 quarter. Contribution profit climbed 76% YoY and 34% QoQ to Rs 128.8 crore, reflecting continued focus on cost efficiency. Fixed costs as a percentage of total income declined to 38% in Q3 FY26 from 42% a year ago.
EBITDA stood at Rs 15 crore in Q3 FY26, marking a return to profitability and a sharp improvement of Rs 57.6 crore YoY and Rs 21.4 crore QoQ. The company said disciplined cost control and healthier margins led to a YoY EBITDA swing, translating into PAT profitability.
Operationally, payments GMV rose 63% YoY and 11% QoQ to Rs 48,064 crore, while gross margin in the payments business touched an all-time high of 37%, reflecting a 125% YoY and 36% QoQ expansion.
ZIP EMI GMV increases 126% YoY and 12% QoQ to Rs 900 crore. Financial services gross profit surged 405% YoY and 45% QoQ to Rs 37.2 crore, with net financial services margin improving to 4.13% in Q3 FY26 from 1.05% a year earlier and 3.17% in Q2FY26, aided by better credit quality.
Commenting on the performance, Upasana Taku, executive director, co-founder and CFO, said the profitable quarter reflects disciplined execution and sustained cost optimisation, adding that the company remains focused on scaling responsibly while creating long-term shareholder value.
Founded in 2009, Mobikwik is India's largest digital wallet and a leading fintech platform, serving over 186.6 million registered users and 4.79 million merchants. As of December 2025, it held an 18% share of PPI wallet GTV and ranked fourth by registered users in India, according to RedSeer.
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Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
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