One Mobikwik Systems Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
MOBIKWIK · price
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MobiKwik reported Q2 FY26 revenue from operations of Rs. 2,702 million, broadly flat versus Q1 FY26's Rs. 2,713 million but down from Rs. 2,906 million in Q2 FY25. For H1 FY26, revenue declined about 14% to Rs. 5,416 million from Rs. 6,329 million in H1 FY25. The company swung to a wider net loss of Rs. 286 million in Q2 (vs Rs. 419 million loss in Q1) and Rs. 705 million for H1 FY26, compared with a Rs. 102 million loss in H1 FY25. EBITDA turned sharply negative at Rs. (376) million in H1 FY26 versus a positive Rs. 90 million a year ago, reflecting margin compression. Results include a Rs. 118 million exceptional charge linked to a fraud where merchants exploited a technical bug in the app to siphon off Rs. 404 million, of which Rs. 219 million has been recovered. Operating cash flow was deeply negative at Rs. (1,838) million for H1 FY26 versus Rs. (322) million in H1 FY25.
Widening losses, shrinking revenue, and a large fraud-related exceptional charge highlight continued profitability and operational headwinds for MobiKwik. The steep negative operating cash flow, despite Rs. 2,554 million of IPO proceeds still unutilised, may weigh on near-term investor sentiment and keep the stock under pressure until growth and cost discipline improve.