One Mobikwik Systems reported a significant EBITDA improvement for FY26, narrowing losses to ₹-5 crore from ₹-79 crore in FY25. The company also approved transferring its lending business to a subsidiary and seeks an NBFC license.
One Mobikwik Systems Ltd FY26 Update
FY26 EBITDA: ₹-5 crore
Q3 FY26 EBITDA: ₹15 crore
Reader Takeaway: Narrowing annual loss and positive quarterly EBITDA achieved; restructuring lending business.
What just happened
One Mobikwik Systems Ltd has reported a substantial improvement in its financial performance for the fiscal year 2026 (FY26). The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹-5 crore, a significant improvement from the ₹-79 crore loss recorded in FY25. This marks a step towards profitable growth.
Furthermore, the company achieved positive EBITDA in the latter half of FY26, with ₹15 crore in Q3 FY26 and ₹17 crore in Q4 FY26. Management noted this recovery from losses incurred post its December 2024 listing.
Shareholders approved key resolutions via remote e-voting on July 2, 2026, including the transfer of the lending business to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited, on a slump sale basis. Changes to the utilization of IPO proceeds and an extension for their use were also approved.
The company has also applied for a Non-Banking Financial Company (NBFC) license.
Why this matters
This financial turnaround indicates that Mobikwik's current business model is beginning to show signs of generating sustainable results. The strategic decision to transfer the lending business to a dedicated subsidiary aims to streamline operations and enhance focus. Obtaining an NBFC license could further bolster its lending capabilities and regulatory standing.
The backstory
Mobikwik, a digital payments and fintech company, has been working towards profitability. The period following its listing in December 2024 saw financial losses, which the recent FY26 results aim to address.
What changes now
The company is moving towards a more structured corporate framework with the lending business housed in a subsidiary. The pursuit of an NBFC license signals an intent to deepen its financial services offerings.
Risks to watch
Execution of the restructuring and the successful acquisition and operationalization of the NBFC license will be crucial. Continued positive EBITDA trends in the upcoming quarters are essential to validate the turnaround.
Peer comparison
Fintech companies in India are increasingly focusing on profitability and diversifying revenue streams. Companies like Paytm and PhonePe are also navigating similar regulatory landscapes and business model evolutions.
Context metrics (time-bound)
- FY25 EBITDA: ₹-79 crore
- FY26 EBITDA: ₹-5 crore
- Q3 FY26 EBITDA: ₹15 crore
- Q4 FY26 EBITDA: ₹17 crore
- E-voting conclusion date: July 2, 2026
What to track next
Investors will be closely watching the progress of the NBFC license application and the operational performance of the lending business under the new subsidiary. Sustained positive quarterly EBITDA will be a key indicator of success.