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MobiKwik delivered a strong Q2 FY2026, showcasing operational discipline. Total income was steady at ₹279 Cr. EBITDA improved significantly by ₹25 Cr quarter-on-quarter, reaching -₹6.4 Cr, signaling progress towards profitability. Loss before exceptional items stood at -₹16 Cr. Direct costs notably decreased, and contribution margin hit 34%. MobiKwik is now among India's top three fastest-growing UPI apps, actively expanding its financial services with the launch of loan against mutual funds. Following a fraud incident, 70% was recovered, with enhanced controls and a new CRO in place. Management expresses confidence in its strategic focus on profitability.