Toh bhaiyo aur behno, MobiKwik ki team ne kamaal kar diya hai! Q3 FY26 mein ye company finally profit mein aa gayi hai. Jabardast news! Inka Profit After Tax (PAT) raha ₹40 Million ka. Pata hai? Pichhle saal issi time ye loss mein thi, toh ye ek ₹593 Million ka jabardast swing hai YoY basis par. Aur kya? EBITDA bhi ₹150 Million tak pahunch gaya hai, matlab ₹576 Million ka YoY increase! Margin bhi set hai, 5.0% ka. Wah!
Ab business ki baat karein toh, Total Income bhi 8% badhi hai YoY, ho gayi hai ₹2,972 Million. Payments wala hissa, matlab GMV, all-time high par hai ₹481 Billion pe, jo pichhle saal se 63% zyada hai aur pichhle quarter se 11% zyada. Iska Contribution Margin bhi 76% badha hai YoY, ₹1,288 Million ho gaya. Ekdum top-notch net payments processing margin hai 17 bps.
Financial Services segment bhi peeche nahi hai. ZIP EMI GMV toh 126% YoY bhaag gaya, pahunch gaya ₹9,000 Million tak. Jiske chalte Gross Profit mein 405% YoY ka jump aaya, ho gaya ₹372 Million. Aur Net FS Margin toh 4 guna ho gaya YoY, 4.13% pe pahunch gaya.
Ab margin improvement par kaafi focus raha. Payments business ka gross margin 125% YoY badh kar 37% ho gaya. Cost cutting bhi mast hui hai. Direct costs 8% kam hui QoQ aur fixed costs, jo pehle 42% thi total income ka, ab 38% pe aa gayi hai. Company ke paas cash bhi achha khasa hai, ₹4,244 Million unencumbered cash hai December 2025 tak. Debt bhi control mein hai.
Ab strategy kya hai? Company ab Merchant Acquiring Business aur Zaakpay par zyada focus kar rahi hai online eCommerce ke liye aur offline mein bhi 1,118 cities se zyada mein pahunch gayi hai. Higher value customers ko pakadna hai, marketing ko balance karna hai. Aur ek badi baat, BNPL ke regulatory changes ko dekhte hue, MobiKwik ab RuPay credit cards ko zyada use kar rahi hai new customers laane aur cross-selling ke liye. Ye ek stable product hai aur long term mein fayda dega, with strong unit economics.
Aage chal kar kya dekha ja sakta hai? Fintech lending space mein jo regulatory changes ho rahi hain, woh ek challenge ban sakti hain. Company ka strategy kaise execute hota hai aur RuPay credit card kitna popular hota hai, ye dekhna hoga. Investors ko user engagement, contribution margin growth par nazar rakhni chahiye aur company ko apna profitability ka graph maintain karna hoga.