MobiKwik reported an improvement in profitability for the fourth quarter of FY26, posting a net profit of ₹4.4 crore against a loss of ₹56 crore in the corresponding quarter last year.
The fintech platform’s revenue from operations rose 8% year-on-year to ₹289 crore in Q4 FY26, compared to ₹268 crore in Q4 FY25, according to its unaudited financial statements filed with the National Stock Exchange of India (NSE).
The company’s revenue during the quarter was primarily driven by commissions from recharge and loan servicing businesses, along with income from payment gateway and technology platform services. However, MobiKwik did not disclose a detailed segment-wise revenue breakup in its filing.
For the full fiscal year ended March 2026, the company reported relatively flat revenue at ₹1,119 crore, while its annual losses narrowed significantly to ₹62 crore, down from ₹122 crore in FY25.
On the expense side, payment gateway charges remained the largest cost component, accounting for over 41% of total expenditure, which stood at ₹119 crore during the quarter.
Employee benefit expenses were reported at ₹46 crore, while lending operational costs declined sharply by 95% year-on-year to ₹2 crore from ₹41 crore in Q4 FY25.
Financial guarantee costs stood at ₹30 crore, while legal, advertising, finance, and other operational overheads pushed the company’s total expenses to ₹288 crore in Q4 FY26. Overall expenditure declined 14% from ₹335 crore in the same quarter last year.
The sharp improvement in profitability was largely aided by controlled operational expenses and a significant reduction in lending-related costs.
On a sequential basis, the company’s quarterly profit increased around 10%.
The results come shortly after early investor Peak XV Partners fully exited the company through a block deal worth approximately ₹130 crore, selling its remaining 7.7% stake.
In another major development, MobiKwik recently received approval from the Reserve Bank of India for its NBFC licence application, paving the way for the launch of its in-house lending business.
As of the latest trading session, MobiKwik’s shares were trading at ₹220.9, giving the company a market capitalization of around ₹1,740 crore ($183 million).
The company’s improving financial performance highlights the broader fintech sector’s increasing focus on profitability, operational efficiency, and regulated lending expansion.