MobiKwik on Tuesday reported a consolidated loss of Rs 55.2 crore in the third quarter of Financial Year 2025 (Q3 FY25), slipping after a profit of Rs 5.27 crore the same time last year. Sequentially, the fintech company made a loss of Rs 3.59 crore in Q2 FY24.<\/p>\n
Revenue from operations grew 17.7 per cent: From Rs 228.93 crore in Q3 FY24 to Rs 269.47 crore in Q3 FY25. However, such revenue declined sequentially by 7.3 percent: From Rs 290.64 crore in Q2 FY25.<\/p>\n
Contribution margin remained muted in Q3FY25, declining from Rs 87.2 crore in Q3 FY24 to Rs 73 crore in Q3 FY25. <\/p>\n
The company attributed the decline to lower financial services revenue and higher lending costs due to a transition to new default loss guarantee (DLG) contracts. It said a larger portion of such costs are incurred in the initial period of a contract.<\/p>\n
The Gurgaon-based company\u2019s expenses grew 43.8 per cent: From Rs 220.55 crore in Q3 FY24 to Rs 317.14 crore in Q3 FY25. Sequentially, expenses increased 10.55 per cent from Rs 286.86 crore in Q2FY25. A major part of the expenses in Q3 were for payment gateway costs. Such costs comprised more than 45 per cent of the total expenses at Rs 143.70 crore. <\/p>\n
Revenue from financial services declined 53 per cent: From Rs 155 crore in Q3 FY24 to Rs 73 crore in Q3 FY25. MobiKwik said that new products would support revenue from financial services distribution.<\/p>\n
ZIP, a small-ticket lending product, is being scaled down due to \u201clower appetite from lending partners for lower ticket sized credit products\u201d. The company will focus on larger-tenure ZIP EMI products for \u201chigh-quality customers\u201d.<\/p>\n
MobiKwik\u2019s revenue from payments more than doubled to Rs 196.5 crore in Q3 FY25, up from Rs 73.9 crore in Q3 FY24.<\/p>\n
The company has a registered base of 172 million customers and 4.5 million merchants. It added 5 million new customers and 1,10,000 merchants in Q3<\/p>\n","protected":false},"excerpt":{"rendered":"
MobiKwik on Tuesday reported a consolidated loss of Rs 55.2 crore in the third quarter of Financial Year 2025 (Q3 FY25), slipping after a profit of Rs 5.27 crore the same time last year. Sequentially, the fintech company made a loss of Rs 3.59 crore in Q2 FY24. Revenue from operations grew 17.7 per cent: From Rs 228.93 crore in Q3 FY24 to Rs 269.47 crore in Q3 FY25. However, such revenue declined sequentially by 7.3 percent: From Rs 290.64 crore in Q2 FY25. Contribution margin remained muted in Q3FY25, declining from Rs 87.2 crore in Q3 FY24 to Rs […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-902804","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/902804","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=902804"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/902804\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=902804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=902804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=902804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}