Internet Software & Services company One Mobikwik Systems announced Q1FY26 results Payments: The Company’s core payments business continues to demonstrate strong growth and resilience: Payments GMV grew 53% YoY and 16% QoQ this quarter to reach Rs 384 billion, driven by high engagement and a growing registered user and merchant base. User base grew to 180.2 million and merchant base to 4.64 million in Q1FY26. Net Payments margin was maintained at 15 bps, validating the strength of the platform. Consequently, Gross Margin for the payments business reached an all-time high of 28%, reflecting an impressive 12% YoY expansion in margin percentage. Financial Services: MobiKwik’s digital finance business has entered a phase of renewed momentum. Following 32%+ growth in EMI disbursals last quarter, this quarter saw a further 31% QoQ increase, with total disbursals reaching Rs 6,931 million, with take rates improving to 8% and gross margin rising to 13.3%. The company believes that Q4FY25 marked the bottom in terms of both disbursal volumes and margins. With recovery signals now visible, this business is at a clear inflection point, with upside potential across both revenues and profitability. In addition to the DLG model, the Company will also focus on distribution-led scale-up in the financial services business. Cost Effciency: Operational discipline remains a key focus for the company, as it scales with effciency: 32% QoQ EBITDA growth, driven by improved direct and fixed costs. 5% QoQ decline in Payment Gateway and User Incentive. 6% QoQ reduction in Lending-related expenses. Fixed costs remained steady at Rs 1,086 million. Costs have remained steady over the last five quarters. Upasana Taku, Executive Director, Co-founder & CFO, One MobiKwik Systems, said: “We are pleased with the consistent progress across our core business. Payments demonstrated strong growth and Financial Services recovered resulting in an improved Q1 EBITDA, which reinforces our path to profitability. We remain focused on driving operating leverage and building for long-term value creation.” Result PDF