MobiKwik Reports Q4 FY25 Results with Flat Year-on-Year Growth
MobiKwik has disclosed its results for the fourth quarter of the last fiscal year (Q4 FY25) on Tuesday, indicating a flat growth compared to the previous year. MobiKwik’s revenue from operations rose to Rs 268 crore in Q4 FY25, a slight increase from Rs 265 crore in Q4 FY24, as shown in the consolidated financial statements obtained from the National Stock Exchange (NSE).
Meanwhile, MobiKwik’s earnings for the entire fiscal year demonstrated substantial growth, soaring by 33.9% to Rs 1,192 crore in FY25, in contrast to Rs 890 crore in FY24. The principal revenue sources for MobiKwik during Q4 FY25 encompassed commissions from recharges, processing, interest from loans, payment gateways, and various technology platforms. However, a detailed breakdown of income was not provided in their quarterly report.
According to a press release, MobiKwik’s registered user base escalated to 176.5 million, accompanied by the addition of 4.4 million new merchants. Additionally, the company’s gross merchandise volume (GMV) surged 2.3 times year-on-year, reaching Rs 331 billion.
On the expenditure front, the payment gateway emerged as the largest cost segment, constituting 45% of overall costs, which amounted to Rs 147 crore in Q4 FY25. Employee benefits and lending fees were documented at Rs 43 crore and Rs 41 crore, respectively. The total expenditure, inclusive of financial guarantees, legal fees, advertising, finance, and other overheads, escalated to Rs 324 crore in Q4 FY25, compared to Rs 266 crore in Q4 FY24. Notably, the Gurugram-based company recorded a net profit of Rs 14 crore for the previous fiscal year (FY24).
Ultimately, MobiKwik reported a net loss of Rs 56 crore in Q4 FY25, reflecting a decline from a loss of Rs 60 lakhs during the same quarter of the preceding fiscal year. For the entire fiscal year, the company’s bottom line was recorded as negative, amounting to Rs 121.5 crore.
MobiKwik made its stock market debut on December 24, achieving a remarkable 59% premium over its issue price on the first day of trading. As of 10:37 AM, the company’s shares are trading at Rs 273.7, resulting in a total market capitalization of Rs 2,126 crore, or approximately $250 million.