Mobikwik Achieves Profitability Through Strategic Growth
Fintech firm One Mobikwik Systems reported a profit of Rs 4.38 crore for the March quarter of FY26, signaling a significant turnaround from the previous year's loss of Rs 56 crore. The company's revenue grew by 7.8%, and strategic plans for future growth were highlighted by CEO Bipin Preet Singh.
One Mobikwik Systems, a fintech company, has announced a profit of Rs 4.38 crore for the March quarter of the fiscal year 2026, marking a notable recovery from the Rs 56 crore loss in the same period last year. This achievement was attributed to cost discipline and effective strategic execution.
According to a company statement, this marks the firm's second successive profitable quarter. Revenue from operations saw a 7.8% increase, reaching Rs 289 crore compared to Rs 268 crore in the previous year. CEO Bipin Preet Singh emphasized the alignment between scaling and profitability.
The company plans to expand its core business and invest in four new growth areas, including merchant acquiring and AI integration. Despite an annual revenue dip of 4.3% to Rs 1,119.2 crore, the company reduced its yearly loss to Rs 62.1 crore from Rs 121.5 crore.
(With inputs from agencies.)
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