MobiKwik loss widens on lower margins from lending biz

Gurugram-based fintech firm MobiKwik on Tuesday reported a nearly-flat revenue growth and widening of its consolidated loss to Rs 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 Rs 268 crore from Rs 265 crore in the year-ago period. It had posted a loss of Rs 67 lakh in Q4FY24.