Indian fintech agency One MobiKwik Techniques Ltd. reported consolidated income from operations of Rs 270 crore for the quarter ended September 30, 2025 (Q2 FY26), in contrast with Rs 291 crore in Q2 FY25, a year-on-year decline of seven.2%, reflecting a excessive base and normalization of lending volumes.

Together with different earnings, whole earnings stood at Rs 279.3 crore. The quarter was pushed by document funds quantity and disciplined price administration. The corporate’s Funds GMV rose 13% quarter-on-quarter to Rs 43,216.7 crore and 53% year-on-year from Rs 28,275.9 crore in Q2 FY25. Its ZIP EMI phase continued its development trajectory, up 16% sequentially to Rs 807.1 crore.

Contribution margin improved 24% to Rs 96.1 crore, signaling increased operational effectivity, whilst whole earnings declined marginally by 1%. EBITDA loss narrowed sharply by 80% to Rs 6.4 crore (from Rs 31.2 crore in Q1 FY26), representing a QoQ enchancment of Rs 24.8 crore, supported by tight price controls and working leverage.

Nonetheless, EBITDA remained marginally unfavourable. The corporate mentioned its core funds enterprise maintained profitability at scale, benefiting from working leverage and better engagement throughout its consumer base of 183.5 million and service provider community of 4.71 million.

MobiKwik claims that it stays India’s high pay as you go pockets and among the many high three fastest-growing UPI apps, reaching a 3.5× year-on-year development in UPI transactions in the course of the quarter. Funds income rose 11% year-on-year on robust transaction volumes and higher monetization, whereas the gross margin for the phase hit an all-time excessive of 29%, a 71% soar over final yr.

The digital finance enterprise additionally rebounded, with ZIP EMI gross margin rising to 42% and gross revenue up 231% quarter-on-quarter. Lending-related bills fell to 4.4% of GMV from 7.3% 1 / 4 earlier, reflecting improved danger administration and portfolio efficiency.

On a consolidated foundation, whole earnings stood regular at Rs 279.3 crore, whereas direct prices fell 10% quarter-on-quarter and glued prices declined 5.7%. Contribution revenue rose 24% to Rs 96.1 crore, and EBITDA achieve reached Rs 24.8 crore, bringing profitability close by.

The corporate reported a internet loss (PAT) of Rs 28.6 crore for Q2 FY26, in contrast with Rs 3.6 crore a yr earlier and Rs 41.9 crore within the earlier quarter, reflecting continued enchancment in working metrics however a YoY decline as a result of an distinctive merchandise associated to a merchant-fraud provision. 

Upasana Taku, Chairperson, Government Director and CFO of MobiKwik, mentioned the quarter’s efficiency mirrored the corporate’s deal with sustainable profitability and powerful fundamentals. She added that MobiKwik plans to speed up its enlargement in UPI and digital lending as the following section of development for the fintech platform.