MobiKwik, a prominent Indian fintech company, reported a net loss of ₹56 crore for the fourth quarter of FY25, a significant increase from ₹67 lakh in the same period last year. This sharp rise in losses occurred despite a marginal revenue growth of 2.6% year-on-year, reaching ₹278 crore in Q4 FY25.
📉 Financial Performance Overview
- Net Loss: ₹56 crore in Q4 FY25, compared to ₹67 lakh in Q4 FY24.
- Revenue: ₹278 crore, up from ₹271 crore in the previous year.
- EBITDA Loss: ₹45.8 crore, attributed to lower contribution margins.
- Total Expenses: Increased to ₹324 crore from ₹266 crore year-on-year.
📊 Business Metrics
- Payments GMV: Grew 2.3x year-on-year to ₹3.31 lakh crore.
- Payments Revenue: Doubled to ₹211 crore.
- User Base: Expanded to 176.5 million users, with 4.4 million new merchants onboarded.
💼 Cost Structure
- Payment Gateway Costs: ₹147 crore, accounting for 45% of total costs.
- Employee Benefits: ₹43 crore.
- Lending Fees: ₹41 crore.
- Other Overheads: Including legal, advertising, and finance expenses, contributed to the total expenditure.
📈 Annual Performance
- FY25 Revenue: ₹1,192 crore, a 33.9% increase from ₹890 crore in FY24
- FY25 Net Loss: ₹121.5 crore, compared to a net profit of ₹14 crore in FY24.
📉 Market Reaction
Following the earnings announcement, MobiKwik’s shares fell by 6.3% to ₹262 during intraday trading on the BSE. The stock has declined approximately 61% from its 52-week high of ₹698.3. Business Standard
🔮 Outlook
While MobiKwik has demonstrated growth in its payments segment, the widening losses highlight challenges in achieving profitability. The company’s emphasis on leveraging AI for operational efficiency may play a crucial role in its path to financial stability.
