MobiKwik reported a net loss of Rs 122.6 crore for the fiscal year 2024-25 despite a 34% increase in revenue, driven primarily by growth in its payments business. The fintech company's lending segment faced challenges, contributing to the overall loss. While revenue growth was noted, some reports indicated it remained flat during the period. The payments division is seen as a potential driver for recovery, providing optimism for investors about MobiKwik's future prospects. This financial performance highlights the complex situation within the company as it balances losses with growth in specific business areas.
MobiKwik’s net loss widens to Rs 55 crore as revenue growth remains flat https://t.co/AlEvYbHQ2B
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Is MobiKwik on the road to recovery? After ending FY 2024-25 with a ₹121 crore loss, the fintech’s payments business is growing strong, giving investors hope. But the story is more complex. 🧵 @AbirDasgupta101