Fintech platform MobiKwik reported a strong turnaround in its Q4 FY26 earnings, posting a net profit of Rs 4.4 crore compared to a net loss of Rs 56 crore in the same quarter last year, driven by controlled costs and improved operational efficiency.

Key Highlights

• Fintech platform MobiKwik posts Rs 4.4 crore Q4 profit as revenue rises 8% and expenses decline sharply.
• RBI NBFC approval strengthens MobiKwik’s lending ambitions despite flat annual revenue during FY26 performance.

According to the company’s unaudited financial statements filed with the National Stock Exchange (NSE), MobiKwik’s revenue from operations rose 8% year-on-year to Rs 289 crore in Q4 FY26, up from Rs 268 crore in Q4 FY25.

The Gurugram-based fintech firm saw key contributions from commissions on recharges, loan servicing income, payment gateway charges, and technology platform services, although the company did not provide a segment-wise revenue breakdown in its quarterly disclosure.

Cost Control Drives Profitability

A significant decline in operating expenses helped MobiKwik return to profitability. Total quarterly costs dropped 14% year-on-year to Rs 288 crore, compared with Rs 335 crore in the year-ago quarter.

Among major cost heads, payment gateway charges remained the largest expense, accounting for Rs 119 crore or over 41% of total expenditure. Employee benefit expenses stood at Rs 46 crore.

Notably, lending operational costs plunged 95% to just Rs 2 crore, compared to Rs 41 crore in Q4 FY25. Financial guarantee costs were reported at Rs 30 crore, while legal, advertising, finance, and other administrative overheads also contributed to the expense base.

The company’s Q4 profit of Rs 4.4 crore also marked a 10% sequential increase, underlining improving business fundamentals.

FY26 Performance Remains Stable

For the full financial year ended March 2026, MobiKwik reported flat revenue at Rs 1,119 crore, while net losses narrowed significantly to Rs 62 crore, nearly half of the Rs 122 crore loss reported in FY25.

This indicates a gradual strengthening of the company’s profitability path as it continues optimizing operational costs.

RBI NBFC Licence Opens Lending Growth Avenue

A major strategic milestone for the company came last month when MobiKwik received Reserve Bank of India approval for its NBFC licence application, paving the way for its in-house lending business expansion.

Also Read: MobiKwik Gets RBI NBFC Approval, Advances to Full-Stack Fintech Model

Industry experts believe this regulatory clearance could significantly strengthen the company’s long-term growth trajectory in India’s expanding digital lending ecosystem. Currently, the fintech firm is targeting Tier II and III markets with AI-driven credit products, advancing financial inclusion nationwide.