Mobikwik Receives BSE Approval to Operate Stock Broking Business
MobiKwik's Wholly-Owned Subsidiary Receives BSE Approval for Stock Broking Business
One MobiKwik Systems (MSBPL), a wholly-owned subsidiary of MobiKwik, has received approval from the Bombay Stock Exchange (BSE) to commence its stock broking business. The BSE has activated MSBPL on its platform effective February 24, 2026.
This approval follows the stock broking licence granted to MSBPL by the Securities and Exchange Board of India (SEBI) in July 2025. With the latest nod, the company is now permitted to commence broking operations on the BSE, including activities related to buying, selling, dealing, clearing, and settlement of equity trades.
Financial Performance
MobiKwik reported a net profit of ₹4 crore for the quarter, marking a turnaround from a net loss of ₹55.2 crore in the corresponding period last year. Quarterly revenue increased 7.4% year-on-year to ₹289 crore, up from ₹269.4 crore a year earlier. The company's operating performance also improved significantly, with EBITDA at ₹6.8 crore compared with an EBITDA loss of ₹47.6 crore in the same quarter last year, while the EBITDA margin stood at 2.4%.
Share Price Trend
MobiKwik share price has remained in the red amid a volatile market. The stock has shed 5% over the past five sessions and 11% over the past six months. In terms of year-to-date (YTD), the fintech stock has fallen 12.11% since the beginning of 2026. Zooming out further, the stock has plunged 35% in the last one year and 58.56% since its listing in December 2024.
Investor Takeaway
Investors should be aware of Mobikwik's expansion into stock broking services.
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