MobiKwik has posted a strong Q2 FY26 performance, reporting an 80 per cent quarter-on-quarter increase in EBITDA to Rs 24.8 crore, driven by disciplined cost management and healthy margin expansion.
The FinTech’s contribution profit grew 24 per cent QoQ to Rs 96.1 crore as direct costs fell 10 per cent, putting the company on track toward profitability.
The company’s payments business achieved its highest-ever quarterly GMV of Rs 4.32 lakh crore, up 53 per cent year-on-year and 13 per cent sequentially, maintaining a 29 per cent gross margin, the best in the industry. MobiKwik also ranked among India’s top three fastest-growing UPI apps, with 3.5x YoY growth in UPI transactions.
Its financial services division saw a 231 per cent QoQ rise in gross profit, led by strong performance in ZIP EMI, which recorded a GMV of Rs 807 crore and a 42 per cent gross margin. Lending-related expenses fell sharply to 4.4 per cent of GMV, reflecting improved risk management and sharper cost efficiency.
Upasana Taku, Chairperson and CFO, MobiKwik, said, “Our performance this quarter reflects the strength of our business fundamentals and focus on sustainable profitability. We are now gearing up to accelerate our play in UPI and digital lending to drive the next phase of our growth.”
With 18.3 crore users and 47 lakh merchants, MobiKwik continues to strengthen its position as India’s leading digital wallet platform, expanding across payments, credit, and financial services.
Send news announcements/press releases to:
info@b2bmarketmedia.com
