India · Delayed Price · Currency is INR One MobiKwik Systems Earnings Call Transcripts
Fiscal Year 2026
-
Achieved EBITDA and PAT profitability in Q3 FY 2026, with record payments GMV and strong lending growth. Payments margins remain above industry average, while lending business focuses on risk-first, sustainable expansion. Merchant and wealth offerings are being developed for long-term growth.
-
Operational discipline drove a strong Q2, with improved margins and a significant EBITDA loss reduction. Payments and lending segments showed sequential growth, though UPI expansion lowered payment yields. Enhanced risk controls followed a one-time fraud event.
-
Core payments business delivered record GMV and margins, while lending disbursals rebounded 30% quarter-on-quarter. Cost optimization improved EBITDA, and break-even is targeted for Q3 or Q4 FY26. UPI growth and regulatory changes are key drivers for future revenue and margin expansion.
Fiscal Year 2025
-
Payments GMV more than tripled year-over-year, driven by wallet and UPI growth, while lending is set to recover in H2 FY26 after regulatory impacts. Margins are expected to rebound above 30% as lending stabilizes and new revenue streams like MDR on UPI emerge.
-
Achieved record revenue and profitability, with payments now the main revenue driver and strong user growth. IPO proceeds remain undeployed, with new insurance and savings launches planned. Sectoral headwinds in lending are expected to ease, and MDR on UPI is anticipated soon.