One Mobikwik Systems Limited (NSE: MOBIKWIK) has announced its earnings results for the quarter ended September 30, 2026 (Q2 FY27), marking a significant milestone with its highest-ever quarterly Profit After Tax (PAT) and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). The company reported a PAT of ₹11.8 crore, a positive swing of ₹40.4 crore year-on-year (YoY), and an EBITDA of ₹22.7 crore, reflecting a robust performance.

Record Financial Performance

The strong financial results were driven by accelerating gross merchandise value (GMV) growth and improved operating performance across its businesses. Platform GMV reached an all-time quarterly high of ₹59,677 crore, reflecting a 35% YoY growth in the Payments Business. Lending disbursals grew 34% YoY to ₹1,082.6 crore in Q2 FY27, compared with ₹807.1 crore in Q2 FY26. Revenue from operations increased to ₹295.7 crore, up 9% YoY, while total income stood at ₹302.8 crore.

AI-Led Innovation Drives Growth

MobiKwik is scaling AI-led innovation across Engineering, Lending, Customer Experience, and Risk Management, aiming to become an AI-first organization by FY28. AI now generates 92% of the company’s code, contributing to a 55% faster go-to-market. Its AI-powered collections platform facilitates 55% of early collections and has improved collection rates by 33%, with 30-40% higher connect rates through voice AI.

In Customer Experience, 91% of customer queries are solved by a Help LLM and 100% of our customer connects are audited for quality by AI. In Risk Management, AI is at the heart of our operations. 100% of our PRDs are assessed for risk by an AI Agent, 100% AI-led fraud pattern detection, and 40-70% of fraud-related grievances are solved by AI. These initiatives reflect MobiKwik’s focus on embedding AI into core functions to build a more efficient operating model.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of One Mobikwik Systems Limited

One Mobikwik Systems Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

One holds in the upper half of its 52-week range, a sign the market backs the stock. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock holds at 63% of its 52-week range with RSI at 56. In other words, neither side has a clear edge right now. Price climbs recently despite 27.5% revenue growth and a PEG of 99.00. Consequently, either institutions position ahead of improvement or the move fades when earnings disappoint. Treat this as a trading signal, not an investment thesis. Check Fundamentals of One Mobikwik Systems Limited.

One Mobikwik Systems Limited (MobiKwik) (NSE: MOBIKWIK) announced the expansion of its FX Retail offering from one to six currencies, adding AED, CAD, GBP, EUR, and CHF to its existing USD offering. This move makes MobiKwik the only private player to offer a multi-currency FX Retail solution in partnership with NPCI Bharat BillPay Limited (NBBL). The expanded offering was launched at the Global Fintech Fest (GFF) 2026.

Enhanced Accessibility for International Transactions

The multi-currency offering enables customers to access foreign exchange digitally for a wider range of international travel and payment needs. Through the FX Retail offering, users can digitally book foreign currency, top up Forex cards, and remit funds overseas. Currency notes can be collected through branches, while remittances can be processed through bank redirection and branch channels.

Partnership with NPCI Bharat BillPay Limited

The service is powered by NBBL in collaboration with the Clearing Corporation of India Ltd. (CCIL) and is available through the Bharat Connect ecosystem. This partnership aims to bring greater convenience to consumers by providing transparent, bank-linked pricing and same-day fulfillment, subject to applicable regulatory requirements and service conditions.

Commenting on the expansion, Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, said, “At MobiKwik, our goal is to use technology to simplify everyday financial experiences. As more Indians travel, study, and transact overseas, their foreign exchange requirements are becoming increasingly diverse. With our multi-currency offering, we are addressing these needs through a simple, seamless experience on the MobiKwik app.”

The current offering is available to resident individuals, subject to PAN and primary-account-holder validation. Customers can transact up to USD 3,000 equivalent per transaction for currency notes and USD 10,000 equivalent per transaction for card and remittance services, with equivalent limits applicable across the supported currencies.

This expanded FX Retail offering is part of MobiKwik’s broader focus on making everyday digital financial experiences simpler, faster, and more accessible.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of One Mobikwik Systems Limited

One Mobikwik Systems Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

One posts a 3.3% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. The stock gives back 5.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 27.5% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of One Mobikwik Systems Limited.

One Mobikwik Systems Limited (NSE: MOBIKWIK) announced the completion of the transfer of its entire digital lending business to MobiKwik Distribution Services Private Limited (MDSPL), its wholly-owned subsidiary, on August 18, 2026. This strategic move aims to consolidate lending operations under a dedicated structure, enhancing operational efficiency and regulatory compliance.

Leadership Change

To spearhead this new phase, Manish Pathania, former head of digital lending at Bajaj Markets, has been appointed as the Chief Business Officer of MDSPL. Pathania brings nearly two decades of experience in digital lending, business development, and strategic planning, which is expected to drive the next phase of MobiKwik’s lending franchise.

Growth Projections

The transition aligns with MobiKwik’s vision to achieve quarterly disbursals of ₹1,000+ crore in the upcoming quarters. This ambitious target is supported by AI-led growth initiatives and new lender partnerships, positioning MobiKwik to scale its lending business significantly.

As MobiKwik continues to leverage its extensive customer base and technology platform, the company is well-poised to deepen credit penetration across its 9.5 crore engaged customers, maintaining a disciplined approach to underwriting, credit risk, and portfolio quality.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of One Mobikwik Systems Limited

One Mobikwik Systems Limited belongs to the Technology › Software – Infrastructure sector. Here’s a quick read on where the business and the stock stand today.

One posts a 7.6% three-month gain, but softens in the last few weeks. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue grows at 31.0% and profits at 10.0% CAGR. However, that pace does not justify a premium multiple. The stock gives back 9.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 31.0% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of One Mobikwik Systems Limited.