With regulatory clearances now in place, the fintech company is moving closer to broadening its presence beyond digital payments and into capital market services.
MobiKwik has announced that its wholly owned subsidiary, MobiKwik Securities Broking Private Limited, has received approval from the Bombay Stock Exchange to start a stock broking business. This approval follows the stock broking licence granted by the Securities and Exchange Board of India to the subsidiary in July 2025. With this clearance, the company can now begin operations on the BSE platform.
The development marks a key step in MobiKwik’s plan to expand its business scope. The approval allows the company to engage in buying, selling, and dealing in equities, along with clearing and settling equity trades on the BSE.
Upasana Taku, Executive Director and CFO of MobiKwik, said the approval is a major milestone in the company’s journey toward becoming a large-scale financial services platform.
She also pointed to the rapid rise in retail investor participation across India. According to Taku, MobiKwik’s platform aims to make investing simpler for first-time market entrants. “We will continue to responsibly serve the financial needs of Bharat and build products that genuinely improve financial inclusion,” she said.
Alongside its expansion plans, the company reported improved financial performance in the most recent quarter. MobiKwik posted a net profit of ₹4 crore, compared with a net loss of ₹55.2 crore in the same period last year. Revenue increased by 7.4% year-on-year to ₹289 crore from ₹269.4 crore.
Operating performance also strengthened, with EBITDA turning positive at ₹6.8 crore, against an EBITDA loss of ₹47.6 crore in the corresponding quarter last year. The EBITDA margin stood at 2.4%, reflecting better cost control and improved efficiency.
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