India, Feb. 4 -- MobiKwik Hits Profit Mark

MobiKwik turned a corner in Q3 FY26. The fintech platform swung to profitability during the quarter on the back of record payments GMV, a tight leash on expenses and improving margins. The numbers came despite the company's dipping financial services revenues.

Here is a snapshot of the Q3 numbers:

Net profit stood at INR 4 Cr against a loss of INR 55.3 Cr in the year-ago quarter

Operating revenue rose 7.2% YoY to INR 288.9 Cr

EBITDA improved to INR 15 Cr compared to an EBITDA loss of INR 42.7 Cr in Q3 FY25

Expenses declined 11% YoY to INR 282.2 Cr

Payments vertical's revenue rose 13.8% YoY to INR 223.7 Cr, while gross profit rose 35.7% to INR 83.3 Cr

Financial services' top line declined ...