The company’s revenue from operations came in at Rs 289 crore, a jump of 8% from Rs 268 crore in the same quarter last year, the company said in a regulatory filing today.
EBITDA for the March quarter stood at Rs 10 crore, compared with an EBITDA loss of Rs 56.5 crore in the year-ago period.
EBITDA margin improved to 3.5% from negative 21% a year earlier.
The management said the quarterly results capped a transformational year driven by structural margin expansion in both Payments and Financial Services, along with a deliberate shift towards higher-quality lending.
Total income for Q4 stood at Rs 296 crore, up 6% YoY, while full-year FY26 total income came in at Rs 1,154.2 crore.Contribution profit more than doubled, rising 112% YoY to Rs 135.1 crore in the March quarter. For the full financial year, contribution profit stood at Rs 437.4 crore, marking a 21% increase over FY25.The company also said fixed costs as a percentage of total income remained broadly stable at 40% in Q4FY26, compared with 39% in the corresponding quarter last year, despite continued investments and cost allocation towards building new businesses.
As for segmental revenue, the company said its core payments business continued to deliver strong growth, supported by rising UPI adoption and improving unit economics. It remained the number one PPI wallet player in India and ranked as the second fastest-growing third-party application provider (TPAP) in the country’s UPI ecosystem, with UPI transactions rising 170% YoY in Q4 compared with the industry average growth of 26%. The company also ranked as the sixth-largest customer operating unit in the BBPS ecosystem.
Payments GMV touched a record high for the 13th consecutive quarter, rising 58% YoY and 9% sequentially to Rs 52,400 crore in Q4FY26. For the full financial year, GMV stood at Rs 1,82,100 crore, up 57% YoY, representing a 4.8x increase from FY24 levels in just two years. The company also reported an industry-leading net payments margin of 16 basis points, driven by monetisation beyond UPI.
In the financial services segment, the company said the business continued its recovery on the back of better credit quality and stronger collection efficiency. ZIP EMI GMV grew 59% YoY to Rs 837.7 crore during the quarter, with 75% of disbursals under the FLDG model and the remaining 25% through the distribution model.
Financial services revenue rose 37% YoY and 18% quarter-on-quarter (QoQ) to Rs 77.1 crore in Q4FY26, while full-year FY26 revenue from the segment stood at Rs 261.9 crore. Gross profit from financial services surged 1,775% YoY and 21% sequentially to Rs 45.1 crore in the March quarter. For the full year, financial services gross profit came in at Rs 115.7 crore.
Following the Q4 results, MobiKwik shares declined 4% to their day’s low of Rs 218.30 on the BSE
