MobiKwik Q4: Loss Surges 83.6X YoY To INR 56 Cr

MobiKwik’s Losses Surge 83% YoY To INR 56.03 Cr In Q4

SUMMARY

On a quarter-on-quarter (QoQ) basis, MobiKwik's net loss grew 1.3% from INR 53.1 Cr

Operating revenue rose a mere 1% to INR 267.78 Cr in the March quarter of FY25 from INR 264.98 Cr in the same quarter last year

Including other income of INR 10.74 Cr, MobiKwik’s total revenue stood at INR 278.5 Cr during the quarter under review

Fintech major MobiKwik saw its net loss zoom 83.5X to INR 56.03 Cr in Q4 FY25 from a loss of INR 67.1 Lakh in the year-ago period.

On a quarter-on-quarter (QoQ) basis, net loss grew 1.3% from INR 53.1 Cr.

Operating revenue rose a mere 1% to INR 267.78 Cr in the March quarter of FY25 from INR 264.98 Cr in the same quarter last year. Sequentially, the top line declined over 0.6% from INR 269.47 Cr.

Including other income of INR 10.74 Cr, MobiKwik’s total revenue stood at INR 278.52 Cr during the quarter under review.

For the full fiscal year FY25, MobiKwik reported a net loss of INR 121.53 Cr as against a net profit of INR 14.1 Cr in the previous year. Operating revenue grew 33.7% to INR 1,170.2 Cr from INR 875 Cr in FY24.

Founded in 2009 by Bipin Preet Singh and Upasana Taku, MobiKwik is a digital banking platform that offers a suite of financial products for both consumers and merchants. It generates revenue by providing consumer payments, buy now pay later (BNPL) products, and payment gateway services.

The company made its stock market debut in December last year, with its shares listing at a 58.5% premium to its issue price on the BSE.

Where Did MobiKwik Spend In Q4?

MobiKwik’s total expenses jumped 22% to INR 324.28 Cr in Q4 FY25 from INR 265.71 Cr in the corresponding quarter last year.

Payment Gateway Cost: This was the biggest cost centre for the fintech major in the January-March quarter of 2025. The spending under this bucket zoomed 118% to INR 147.01 Cr from INR 67.28 Cr in the year-ago period.

Employee Cost: The spending under this head climbed 20% to INR 43.1 Cr during the quarter under review from INR 35.86 Cr in Q4 FY24. Sequentially, employee benefit expenses declined 3% from INR 44.37 Cr.

Lending Operational Cost: Lending operational expenses are primarily the costs incurred by the company towards payment of certain charges to banks and NBFCs, including facilitation fees and technology fees, for disbursing loans under MobiKwik ZIP and ZIP EMI.

The spending under this bucket declined 53.6% to INR 41.06 Cr in the quarter ended March 2025 from INR 88.47 Cr in the year-ago quarter. However, it rose 65.7% QoQ from INR 24.78 Cr.

Shares of MobiKwik ended yesterday’s trading session 1.66% higher at INR 278.60 apiece on the BSE.