MobiKwik Gets BSE Approval to Launch Stock Broking Business

Fintech company One MobiKwik Systems Ltd. has received approval from the Bombay Stock Exchange (BSE) to begin its stock broking business.

Its wholly-owned subsidiary has been activated on the BSE platform from February 24, 2026. This comes after the company received a stock broking licence from the Securities and Exchange Board of India (SEBI) in July 2025.

With this approval, MobiKwik can now carry out buying, selling, clearing, and settlement of equity trades on the BSE.

Company’s Vision

Upasana Taku, Executive Director, Co-founder and CFO, said the approval marks an important step in transforming MobiKwik into a full-scale financial services platform.

She highlighted the rapid growth in retail investor participation in India and said the company aims to simplify investing, especially for first-time investors. The focus remains on responsible growth and improving financial inclusion.

Mobikwik Q3 FY26 Results

MobiKwik reported a net profit of ₹4 crore in Q3 FY26. This is a major improvement compared to a net loss of ₹55.2 crore in the same quarter last year.

Revenue rose 7.4% year-on-year to ₹289 crore, up from ₹269.4 crore.

The company’s EBITDA stood at ₹6.8 crore, compared to a loss of ₹47.6 crore last year. The EBITDA margin improved to 2.4%.

Management credited disciplined cost control and operational efficiency for achieving profitability earlier than expected in the second half of FY26.

Read More: NSE Unveils Nanosecond Trading Speeds, Aiming for 100 Million Trades Per Second.

Mobikwik Share Price Performance

One MobiKwik Systems share price (NSE: MOBIKWIK) was trading at ₹214.95 at 9:46 am IST on February 24, up ₹13.19 or 6.54% for the day. The stock opened at ₹215.00 and touched an intraday high of ₹227.37 and a low of ₹213.59. The company has a market capitalisation of ₹1.69 lakh crore. The stock’s 52-week high stands at ₹354.40, while its 52-week low is ₹190.62. It currently does not have a listed P/E ratio or dividend payout.

Conclusion

MobiKwik’s entry into the stock broking business marks a significant expansion of its financial services portfolio. Alongside a return to profitability, the move strengthens its long-term growth strategy. However, sustained performance and investor confidence will be key to improving its stock market trajectory.

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