Fintech company MobiKwik has released its financial results for the quarter ending September (Q2 FY25), marking the first earnings since its public listing last year. The company saw a notable increase in revenue, rising to Rs 291 crore from Rs 203 crore in the same period last year—an impressive 43% year-on-year growth. However, the company also posted a net loss of Rs 3.5 crore, a reversal from the net profit of Rs 5 crore reported in Q2 FY24.
MobiKwik Reports Q2 FY25 Results: Strong Revenue Growth Despite Losses
As per the filings with the National Stock Exchange (NSE), MobiKwik’s total expenses for the quarter amounted to Rs 287 crore, largely due to payment gateway charges, employee benefits, and general overheads. Despite the loss, MobiKwik managed to maintain a positive EBITDA of Rs 3.5 crore during the quarter.
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The company’s primary revenue streams remain commissions from recharges and processing, interest income from loan services, payment gateway fees, and technology platforms.
User Growth and GMV Surge
MobiKwik also reported a solid increase in its user base, growing by over 13% year-over-year to reach 167 million users, with more than 4.4 million merchants now part of its platform. Additionally, the company’s Payment Gross Merchandise Value (GMV) saw a remarkable threefold rise, reaching Rs 28,280 crore for the quarter, compared to the same period last year. The company’s take rate, which is the portion of each transaction retained by MobiKwik, remained steady at 0.7%.
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While the company continues to face challenges with its profitability, its revenue growth and expanding user base demonstrate the ongoing demand for its services in the competitive fintech space.
