One Mobikwik Systems Ltd — earnings calls

MobiKwik reported Q1 FY27 net profit of INR76 million and EBITDA of INR158 million, both improving year-on-year, with payments gross profit up 31% YoY and financial services gross profit up 5.6x YoY. Platform GMV reached an all-time high of INR587 billion, up 50% YoY, marking the 14th consecutive quarter of GMV growth. Management attributed part of the payments revenue softness to a pause in card-linked payment categories due to regulatory pressures, while lending disbursements declined due to a business migration to a new NBFC subsidiary.

MobiKwik reported Q4 FY26 total income of Rs 2,960 million, up 6% year-over-year, with EBITDA of Rs 174 million (5.9% margin) and reported PAT of Rs 44 million, which included a one-time exceptional charge related to the Labor Wage Code. Payments GMV reached an all-time high of Rs 524 billion in the quarter, up 58% year-over-year, marking the 13th consecutive quarter of record GMV in the payments business. Management described four growth engines for the future - offline and online merchant payments, an NBFC application, and AI - and said fixed costs increased quarter-over-quarter as the company invested in these new businesses.