MOBIKWIK
One Mobikwik Systems share price & financials
- Price
- ₹198.34
- Market cap
- ₹1.6k Cr
- Sector
- Financial Services
- Calls analysed
- 6
One Mobikwik Systems Limited Q1 FY27
What went well
- Q1 FY27 PAT stood at INR76 million, making it the third consecutive profitable quarter.
- EBITDA reached INR158 million, an improvement of INR470 million YoY.
- Payments gross profit increased 31% YoY to INR777 million.
What to watch
- Revenue growth in payments has been muted due to regulatory pressures impacting high-revenue card-linked categories.
- UPI monetization remains dependent on government/NPCI decisions, leading to lost revenue opportunities despite high transaction volumes.
What One Mobikwik Systems Limited does
One MobiKwik Systems operates a two-sided digital payments and financial-services platform built around a mobile wallet and UPI app for consumers and a merchant-payments business (QR, Soundbox, EDC devices, and the Zaakpay payment gateway) for offline and online merchants. It earns primarily from payment-processing take rates on wallet, UPI and bill-payment GMV, and from distributing consumer credit (personal loans, EMI products, a co-branded credit card) as a lending-service-provider to bank/NBFC partners, with an in-house NBFC license approved to move toward own-book lending. It also distributes savings and investment products such as a daily gold plan, fixed deposits, and stock broking under separate group licenses.
Segments
- Payments
- Financial Services (Credit)
- Savings & Investments
- Registered users
- 176.4 million
- Merchants on platform
- 4.6 million
- Active digital-credit users
- 7.7 million
- Full-KYC wallets
- 39 million
- Market position - digital wallet
- Ranked #1 wallet in India by GTV
- Market position - UPI app
- 2nd fastest-growing UPI (TPAP) app in India by transaction count
Guidance record · Q1 FY27
what the last two calls moved 24 tracked 4 delivered 1 missed 19 open- EBITDA Break-even delivered said Q1 FY26 Promised: Achieving break-even EBITDA in the last two quarters of this financial year (Q3 or Q4 FY26). Q1 FY27: Promise achieved in FY26. No new update.
- Indirect Cost missed said Q4 FY25 Promised: Remain at this level (₹110 cr) if not lower going forward. Q1 FY27: Promise missed in FY26. Superseded by new guidance for FY27 cost increases.
- Net Payment Margin revised down said Q4 FY25 Promised: 20%+ sustainable even without PPI and UPI MDR. Q1 FY27: Management reiterated guidance in the 12-14 bps range for net payments take rate.
All 24 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 3.7%, net profit up 118.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 291 | 269 | 268 | 271 | 270 −7% | 289 +7% | 289 +8% | 281 +4% |
| EBITDA | 4 | -48 | -56 | -41 | -15 −510% | 7 +114% | 10 +118% | 8 +120% |
| Net profit | -4 | -55 | -56 | -42 | -29 −697% | 4 +107% | 4 +108% | 8 +118% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −31.3% 1Y
1Y: ₹305.41 on 10 Sept 2025 → ₹209.7. High ₹316.16 (15 Sept 2025), low ₹155.07 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +4.7%
- 3 Aug
- Q4 FY26
- −11.4%
- 12 May
- Q3 FY26
- +19.3%
- 3 Feb
- Q2 FY26
- −2.8%
- 6 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 4.4% a year over 1 year, FY25 to FY26. Operating margin widened to -3.6%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹1.2k Cr | ₹1.1k Cr |
| Operating profit | ₹-102 Cr | ₹-40 Cr |
| Operating margin | -8.7% | -3.6% |
| Interest | ₹27 Cr | ₹27 Cr |
| Depreciation | ₹13 Cr | ₹14 Cr |
| Net profit | ₹-122 Cr | ₹-62 Cr |
| Net margin | -10.4% | -5.5% |
| Cash from operations | ₹-68 Cr | ₹-78 Cr |
| Free cash flow | ₹-77 Cr | ₹-89 Cr |
| ROCE | -15.0% | -2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹11 Cr | ₹11 Cr | ₹11 Cr | ₹16 Cr | ₹16 Cr |
| Reserves | ₹-35 Cr | ₹205 Cr | ₹131 Cr | ₹151 Cr | ₹527 Cr | ₹523 Cr |
| Borrowings | ₹75 Cr | ₹158 Cr | ₹206 Cr | ₹223 Cr | ₹375 Cr | ₹276 Cr |
| Other liabilities | ₹383 Cr | ₹462 Cr | ₹366 Cr | ₹469 Cr | ₹506 Cr | ₹594 Cr |
| Total liabilities | ₹423 Cr | ₹836 Cr | ₹714 Cr | ₹855 Cr | ₹1.4k Cr | ₹1.4k Cr |
| Fixed assets | ₹1 Cr | ₹9 Cr | ₹15 Cr | ₹16 Cr | ₹22 Cr | ₹23 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹5 Cr | ₹70 Cr | ₹9 Cr |
| Other assets | ₹421 Cr | ₹826 Cr | ₹698 Cr | ₹834 Cr | ₹1.3k Cr | ₹1.4k Cr |
| Total assets | ₹423 Cr | ₹836 Cr | ₹714 Cr | ₹855 Cr | ₹1.4k Cr | ₹1.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse One Mobikwik Systems Limited
Guides on how to read this kind of business and the numbers that matter.