MobiKwik shares jump over 12.5% as firm gets BSE approval for THIS business; details to know

The press release added, "BSE has enabled MSBPL on its platform with effect from February 24, 2026. The BSE nod follows the grant of stockbroking registration to MSBPL by the Securities & Exchange Board of India in July 2025. With the latest approval in place, the company is now authorised to begin broking operations on the BSE. This enables MSBPL to carry on the activities of buying, selling, dealing, clearing, and settlement of equity trades."

The development marks the completion of the key regulatory steps required for the subsidiary to operationalise its stockbroking business, the company said.

Commenting on the development, Upasana Taku, Executive Director, Co-founder & CFO, MobiKwik, said, “The approval by BSE to commence our stockbroking business on its platform is a pivotal step in MobiKwik’s evolution into a scaled financial services platform."

The CFO added, "India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. We will continue to responsibly serve the financial needs of Bharat and build products that genuinely improve financial inclusion."

About MobiKwik

One MobiKwik Systems Ltd. (MobiKwik) is India’s leading digital wallet that offers a wide range of payments and financial products to both consumers and merchants.

The company, founded by Bipin Preet Singh and Upasana Taku in 2009, today offers various payment products such as MobiKwik Wallet, UPI, Pocket UPI, and Zaakpay (payment gateway), serving 186.6 Mn+ registered users and 4.79 Mn+ merchants.

The company has expanded into the distribution of financial products ranging from credit (ZIP EMI, MCA) and savings & investment products (fixed deposits, mutual funds, digital gold, Lens.AI) on its platform.

Mobikwik Q3 FY26 results

Fintech firm One Mobikwik clocked a consolidated profit of ₹4 crore for the December quarter 2025 (Q3 FY26) as compared to a loss a year ago, mainly on account of a reduction in payment processing charges, lending operational business, and cost optimisation.

The company had incurred a loss of ₹55 crore in the December quarter of 2024.

"We are pleased to report a profitable quarter, reflecting disciplined execution and sustained cost optimisation across our businesses. Our focus on operating efficiency and thoughtful scaling has enabled us to achieve profitability while maintaining growth momentum," Upasana Taku said.

Revenue from operations grew by about 7% to ₹289 crore during the quarter from ₹269.4 crore a year ago.

Mobikwik said its payments gross merchandise value (GMV) hit an all-time high of ₹48,100 crore, and UPI transactions on the platform surged by 3.2 times on a year-on-year basis.