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Fintech firm MobiKwik reports Q4 loss of Rs 56 crore, despite growth in users and revenue.
Fintech company MobiKwik reported a significant loss of Rs 56 crore in Q4 FY25, up from Rs 0.6 crore the previous year, leading to a 6% drop in its share price.
Despite the loss, the company saw strong growth in its gross merchandise value and payments revenue, up 203% and 142% respectively.
MobiKwik also expanded its user base by 20.6 million and merchant network by 0.53 million.
The full year FY25 loss was Rs 121.5 crore, reversing a profit of Rs 14 crore in FY24.
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La firma de Fintech MobiKwik informa una pérdida de 56 millones de rupias en el cuarto trimestre, a pesar del crecimiento en los usuarios y los ingresos.