$MOBIKWIK - Reason behind the big move in share price

$MOBIKWIK received RBI’s in-principle approval for its Payment Aggregator–Physical (PA-P) licence, marking a significant step in strengthening its offline merchant payments ecosystem across India. Earlier, the company had also secured the Payment Aggregator–Online (PA-O) licence through its subsidiary Zaakpay, giving it a stronger omnichannel presence across both online and offline commerce. The company currently supports a merchant network of around 4.9 million through offerings such as UPI QR, Soundbox and EDC machines. Over the next 18–24 months, MobiKwik plans to aggressively expand across small businesses, oil & gas outlets and organised retail, aiming to gain meaningful market share in these segments. Financially, the company reported a strong turnaround in Q4 FY26, posting a net profit of ₹4.38 crore compared to a net loss of ₹56 crore in the year-ago quarter. Revenue from operations rose 8% YoY to ₹289 crore, while EBITDA stood at ₹10 crore against an EBITDA loss of ₹56.5 crore last year, reflecting improving operational efficiency and business momentum.