MobiKwik reported a consolidated net loss of 55.28 crore rupees (US$6.35 million) for the third quarter of FY25.

This loss marks a sharp decline from the profit of 5.27 crore rupees (US$607) reported in the same period last year.

On a quarter-on-quarter basis, the company’s net loss increased from 3.59 crore rupees (US$427) in the previous quarter.

The fintech firm’s EBITDA also reflected a loss of 42.67 crore rupees (US$4.92 million) in the December quarter, compared to an EBITDA profit of 10.82 crore rupees (US$1.25 million) in Q3 FY24.

In comparison to the previous quarter of FY25, MobiKwik experienced a notable decline.

Operating revenue for the company increased nearly 18% year-on-year to 269.47 crore rupees (US$31.16 million), up from 228.93 crore rupees (US$26.39 million) during the same period last fiscal year.

Recent MobiKwik developments