MobiKwik

Digital payments platform Mobikwik reported a net profit of Rs. 4 crore in the third quarter of FY25, marking a significant shift from earlier losses and underscoring its improving financial discipline. The turnaround was driven by tighter cost controls, better monetization of core services and steady growth in its payments and financial products ecosystem. Analysts view the result as a milestone for the company, reflecting broader maturation across India’s fintech sector.

MobiKwik, a key player in India’s digital financial services space, reported a widened net loss of Rs. 42 crore in the first quarter of FY26, compared to a loss of Rs. 33 crore during the same period last year. Revenue also declined to Rs. 167 crore, down from Rs. 174 crore, signaling stress in its core operations. The company continues to grapple with elevated costs, slowing transactional growth, and fierce competition from well-funded rivals.

Fintech company One MobiKwik Systems has approved the grant of 3,27,688 stock options to its eligible employees, reinforcing its commitment to long-term talent retention and performance-based incentives. Each option, priced at the face value of Rs. 2, will convert into one fully paid-up equity share. According to a regulatory filing, the stock options will vest progressively over four years, with 20% vesting each after the first and second years, and 30% each after the third and fourth.