Approval of Financial Results for the quarter and year ended March 31, 2026
MOBIKWIK · price
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One MobiKwik Systems reported FY2026 consolidated revenue of ₹11,192 million, down 4.4% from ₹11,702 million in FY2025. The company significantly narrowed its consolidated net loss to ₹621 million from ₹1,215 million in the prior year. Standalone EBITDA turned positive at ₹62 million compared to a loss of ₹771 million in FY2025. The Q4FY26 standalone net profit was ₹60 million, a turnaround from a loss of ₹557 million in Q4FY25. Exceptional items of ₹156 million included a fraud loss (₹118 million unrecovered from ₹404 million fraudulent settlements) and ₹38 million from new labour code implementation. Cash and cash equivalents stood at ₹2,391 million as of March 31, 2026. The company listed on BSE/NSE in December 2024 via an IPO raising ₹5,305 million.
The company shows meaningful operational improvement with EBITDA turning positive on standalone basis and losses more than halving. However, negative operating cash flows and continued net losses remain concerns. The fraud incident and labour code impact are one-time items that may not repeat.