Fintech firm MobiKwik reports a net loss of Rs 56 crore in Q4 FY25, a significant decline from the previous year despite a 33.7% rise in revenue.
The payments business of MobiKwik experienced a substantial growth in FY25, with GMV rising by 203% and revenue doubling to Rs 767.4 crore.
Mobikwik faced margin pressure as total expenses surged by 49.1% year-on-year, outpacing revenue growth in Q4 FY25.
The company's financial services arm, especially its credit product ZIP, witnessed a decline in disbursals, leading to a 27.8% drop in financial services revenue in FY25.