One Mobikwik Systems Ltd Share Price – NSE /  BSE

E-Commerce/App based Aggregator, Small Cap

The approval, granted under the Payment and Settlement Systems Act, 2007, will enable the company to expand its offline merchant payments business.

The company has identified small businesses, oil & gas outlets, and organised retail as its three strategic focus segments over the next 18-24 months, with an ambition to materially expand its market share across each. It aims to significantly ramp up Soundbox and EDC deployments to meet its stated goal of 10x growth in merchant business by FY28.

Offline merchant payments represent a large and under-penetrated opportunity in India, with industry estimates pegging the merchant payments GMV opportunity at USD 1.8-2 trillion by FY28 (Source:Redseer).

Bipin Preet Singh, co-founder, MD & CEO, said: ?Offline merchant payments are emerging as one of the strongest growth drivers within India?s digital economy, particularly across under-penetrated markets beyond urban India. This PA-P approval strengthens our ability to scale merchant payments infrastructure across the country and sets us up for 10x growth in merchant business by FY28. We are grateful to the RBI for the approval and reposing its faith in us. We remain focused on building secure, scalable and technology-led solutions that help merchants participate more effectively in India?s growing digital economy.?

One MobiKwik Systems operates a digital payments and financial services platform offering wallet, UPI, payment gateway, lending and investment products. The company serves over 189.6 million registered users and 4.92 million merchants in India.

The company reported a consolidated profit after tax of Rs 4.4 crore in Q4 FY26 against a loss of Rs 56 crore in Q4 FY25, resulting in a positive swing of Rs 60.4 crore Total income increased 6.3% YoY to Rs 296.0 crore in Q4 FY26 from Rs 278.5 crore in Q4 FY25.

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Net profit of One Mobikwik Systems reported to Rs 4.38 crore in the quarter ended March 2026 as against net loss of Rs 56.04 crore during the previous quarter ended March 2025. Sales rose 7.82% to Rs 288.71 crore in the quarter ended March 2026 as against Rs 267.78 crore during the previous quarter ended March 2025.

For the full year,net loss reported to Rs 62.10 crore in the year ended March 2026 as against net loss of Rs 121.53 crore during the previous year ended March 2025. Sales declined 4.35% to Rs 1119.23 crore in the year ended March 2026 as against Rs 1170.17 crore during the previous year ended March 2025.

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The company reported a consolidated profit after tax of Rs 4.4 crore in Q4 FY26 against a loss of Rs 56 crore in Q4 FY25, resulting in a positive swing of Rs 60.4 crore. On a sequential basis, PAT improved from Rs 4.1 crore in Q3 FY26.

Total income increased 6.3% YoY to Rs 296.0 crore in Q4 FY26 from Rs 278.5 crore in Q4 FY25. Sequentially, total income declined marginally by 0.4% from Rs 297.2 crore in Q3 FY26.

Contribution profit surged 112.3% YoY to Rs 135.1 crore in Q4 FY26 from Rs 63.6 crore a year ago. Contribution margin expanded to 46% from 23% in Q4 FY25 and improved from 43% in Q3 FY26.

EBITDA stood at Rs 17.4 crore in Q4 FY26 against a loss of Rs 45.8 crore in Q4 FY25, marking a positive swing. Sequentially, EBITDA rose 16.2% from Rs 14.9 crore in Q3 FY26. This was the company?s second consecutive profitable quarter at the EBITDA level.

Fixed costs stood at Rs 117.7 crore in Q4 FY26 compared with Rs 109.4 crore in Q4 FY25. Fixed costs as a percentage of total income remained broadly stable at 40% versus 39% a year ago.

Payment gateway cost declined to 0.23% of payment GMV in Q4 FY26 from 0.44% in Q4 FY25, while user incentive cost reduced to 0.02% of payment GMV from 0.04% in Q4 FY25.

Payments GMV rose 58% YoY to Rs 52,400 crore in Q4 FY26 from Rs 33,100 crore in Q4 FY25 and increased 9% sequentially. The company said payments GMV hit an all-time high for the 13th consecutive quarter.

ZIP EMI GMV increased 58.9% YoY to Rs 837.7 crore in Q4 FY26, with 75% disbursals in First Loss Default Guarantee (FLDG) and 25% in distribution model.

Financial services revenue grew 37% YoY and 18% sequentially to Rs 77.1 crore in Q4 FY26, while financial services gross profit surged 1,775% YoY to Rs 45.1 crore.

For FY26, total income declined 3.2% YoY to Rs 1,154.2 crore from Rs 1,192.5 crore in FY25. Contribution profit increased 20.9% to Rs 437.4 crore from Rs 361.6 crore.

FY26 EBITDA loss narrowed sharply to Rs 5.2 crore from Rs 79.4 crore in FY25, while net loss reduced to Rs 62.1 crore from Rs 121.5 crore.

The company said its core consumer payments and lending business generated positive EBITDA of Rs 49.5 crore in FY26. It invested Rs 54.7 crore during the year towards building its merchant payments business, which it expects to scale significantly by FY28.

MobiKwik said it expects to remain ?baseline profitable? while continuing investments in merchant acquiring, NBFC-led lending and AI-driven products.

Net cash used in operating activities stood at Rs 78.14 crore in FY26 compared with Rs 68.16 crore in FY25, reflecting a rise of in cash outflow.

One MobiKwik Systems operates a digital payments and financial services platform offering wallet, UPI, payment gateway, lending and investment products. The company serves over 189.6 million registered users and 4.92 million merchants in India.

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One Mobikwik Systems will hold a meeting of the Board of Directors of the Company on 12 May 2026.