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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.
One MobiKwik Systems announced the appointment of Navdeep Singh Suri as Chairperson of its Board. Suri has been associated with the Company since 2021 as an Independent Director.
Suri brings with him decades of distinguished leadership experience across public policy, diplomacy, governance, and institutional decision-making. A former senior Indian diplomat, he joined the Indian Foreign Service in 1983 and has served in key international assignments including Cairo, Damascus, Washington DC, Dar es Salaam, London, and Johannesburg. He has held high-profile roles as India's Ambassador to Egypt and the United Arab Emirates, High Commissioner to Australia, and Consul General in Johannesburg. In recognition of his contributions, he was conferred the Order of Zayed II - the United Arab Emirates' second-highest civilian honour - by the President of the UAE.
Suri has also led the West Africa and Public Diplomacy divisions at the Ministry of External Affairs and is currently a Visiting Fellow at the Observer Research Foundation, New Delhi. He also serves on the boards of several prominent institutions, including SBI Funds International (IFSC), Hindustan Ports, and Hindustan Infralog.