The revenue from operations also witnessed a decline, falling by 7% YoY to Rs 270.21 crore, against Rs 290.64 crore in the same quarter last year.
After releasing the Q2 earnings, the shares of One Mobikwik Systems took a hit and cracked 5.7% to their day’s low of Rs 249.25 on the BSE.
The fintech platform recorded an 80% quarter-on-quarter (QoQ) rise in EBITDA, reaching Rs 24.8 crore, reflecting significant operational improvements and enhanced cost discipline. The company highlighted that profitability is now within reach, driven by robust gains across key financial metrics.
According to the update, MobiKwik remains one of the top three fastest-growing UPI apps in India’s digital payments ecosystem. It continues to deliver the industry’s best payments gross margin of 29%.
The financial services segment delivered exceptional performance, with gross profit soaring 231% QoQ. Contribution profit also climbed 24% sequentially, supported by a 10% reduction in direct costs. These developments underscore the company’s operational efficiency and strategic focus on profitability.Notably, gross margin for the payments segment reached an all-time high of 29%, translating to a 71% YoY expansion. Additionally, GMV (Gross Merchandise Value) touched a record level, growing 53% YoY and 13% QoQ, supported by robust platform engagement.MobiKwik’s user base stood at 183.5 million, with a merchant base of 4.71 million as of Q2 FY26, underscoring its scale and reach.
“Our performance this quarter reflects the strength of our business fundamentals and focus on sustainable profitability. The growth in contribution profit and improvement in EBITDA is a result of disciplined cost optimization and steady gains across both payments and lending. As India’s leading Fintech, we are now gearing up to accelerate our play in UPI and digital lending to drive the next phase of our growth,” said Upasana Taku, Chairperson, Executive Director and CFO of MobiKwik.
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