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MobiKwik Loss Widens on Lower Margins from Lending Business
Financial Express Lucknow
|May 21, 2025
GURUGRAM-BASED FINTECH FIRM MobiKwik on Tuesday reported a nearly-flat revenue growth and widening of its consolidated loss to ₹56 crore for the January-March quarter of 2024-25, as credit disbursement tapered, particularly for its small-ticket loan products, following tightening of unsecured lending rules by the Reserve Bank of India.
Revenue from operations increased marginally to ₹268 crore from ₹265 crore in the year-ago period. It had posted a loss of ₹67 lakh in Q4FY24.
The bottom line for the quarter under review was largely hit by payment gateway costs, which more than doubled to ₹147 crore.
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