**Market Brief: MobiKwik Swings to Black in Q3** **One MobiKwik Systems** has reported a consolidated net profit for the quarter ending December 2025 (Q3 FY26), marking a significant turnaround from its loss-making streak. The fintech firm’s strategic pivot toward cost discipline has paid off, triggering a sharp rally in its stock price. **Financial Highlights (Q3 FY26)** * **Net Profit:** **₹4 crore** (vs. Net Loss of **₹55 crore** in Q3 FY25). * **Revenue:** **₹289 crore**, up **7%** year-on-year (YoY). * **EBITDA:** Positive swing to **₹15 crore** (from a loss of ₹42.7 crore a year ago). **Market Reaction** * **Stock Surge:** Shares jumped approximately **19%** intraday following the announcement. * **Current Price:** Trading around **₹230**, recovering from previous lows. * **Valuation:** Market capitalization stands at approximately **₹1,800 crore**. **Operational Drivers** * **Cost Optimization:** The turnaround was driven primarily by a **10% reduction** in payment processing charges and lower employee expenses. * **GMV Growth:** Payments Gross Merchandise Value (GMV) hit an all-time high of **₹48,100 crore**. * **UPI Surge:** UPI transactions on the platform grew **3.2x** YoY. * **Lending Business:** Improving unit economics and lending operations contributed significantly to the bottom line, despite modest topline growth. **Key Takeaway** MobiKwik has successfully prioritized profitability over aggressive revenue expansion. By rationalizing costs—specifically in payment processing—and leveraging a surge in UPI volumes, the company has stabilized its financials more than a year after its public listing. ***