One Mobikwik Systems Limited has informed the Exchange about Transcript
MOBIKWIK · price
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One MobiKwik filed the transcript of its Q1 FY26 earnings call held on August 1, 2025. Payment GMV hit an all-time high of ₹384 billion, up 53% year-on-year, with a strong net margin of 15 basis points (claimed to be industry-leading) and contribution margin at 28%, a lifetime high. The lending business grew 30% in disbursals with take rates improving to 8.4%, though gross margin is currently depressed at 14% due to accounting changes; management expects this to recover to 40% by H2 FY26. EBITDA loss narrowed to ₹31 crore (a ₹15 crore improvement quarter-on-quarter), and the company holds ₹475 crore in cash with debt reduced from ₹46 crore to ₹32 crore. Management guided break-even EBITDA in Q3 or Q4 of FY26 and flagged upcoming regulatory clearance on Pocket UPI interchange as a key revenue upside.
Constructive update for shareholders — strong payment GMV growth, recovering lending business, and a clear path to EBITDA break-even in H2 FY26 should support positive sentiment. The pending Pocket UPI interchange approval is a potential catalyst that could meaningfully boost future take rates and overall revenue.