Indian fintech firm One Mobikwik Systems Limited reported a return to quarterly profit for the three months ending 31 March 2026, helped by lower expenses and reduced lending-related costs.
The Gurugram-based company posted a net profit of Rs 4.4 crore in the fourth quarter of FY26, compared with a net loss of Rs 56 crore in the same period a year earlier.
Revenue from operations rose 8% year-on-year to Rs 289 crore, while revenue was broadly flat compared with the previous quarter, when it stood at Rs 290 crore.
The company said commissions from recharges and loan servicing, as well as income from payment gateway and technology platform services, were the main contributors to quarterly revenue.
Total expenses during the quarter fell to Rs 279 crore from Rs 324 crore a year earlier. Payment processing charges, remained the largest expense item at Rs 119 crore, accounting for more than 41% of overall costs.
Employee benefit expenses stood at Rs 46 crore, while lending operational costs dropped sharply to Rs 2 crore from Rs 41 crore in the corresponding quarter last year.
MobiKwik reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 17.4 crore in Q4 FY26, compared with a negative EBITDA of Rs 45.8 crore a year earlier.
Profit before tax came in at Rs 4.5 crore against a loss of Rs 56.7 crore in Q4 FY25.
For the full financial year ending March 2026, the company reported revenue from operations fell about 4% to Rs 1,119 crore in FY26 from Rs 1,170 crore in FY25,
Its annual net loss narrowed to Rs 62 crore from Rs 122 crore a year earlier, while loss before tax improved to Rs 61.9 crore from Rs 119.6 crore.
The company also reported a positive other comprehensive income of Rs 2.8 crore, mainly driven by fair value gains on equity investments.
According to its consolidated cash flow statement, net cash used in operating activities increased to Rs 78 crore during FY26, compared with Rs 68 crore in the previous year.
Cash generated from investing activities stood at Rs 82 crore, supported by proceeds from bank deposits and interest income, while financing activities recorded a net outflow of Rs 2.2 crore.
Overall cash and cash equivalents rose to Rs 114 crore as of 31 March 2026.
Separately, MobiKwik recently received approval from the Reserve Bank of India for its NBFC licence application, clearing the way for the launch of its in-house lending business.
The development came weeks after early investor Peak XV Partners exited the company through a block deal worth Rs 130 crore, selling its 7.7% stake.