Gurgram based fintech MobiKwik Q4 result: Loss widens to Rs 56 crore despite 203% surge in GMV
Revenue from operations showed slight rise, inching up from Rs 264.9 crore in Q4 FY24 to Rs 267.7 crore in Q4 FY25, as per the company's regulatory filing.
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However, the Gurgaon-based firm saw a significant jump in its gross merchandise value (GMV), which surged 203% year-on-year to Rs 1,15,900 crore. The company attributed this growth to the continued expansion of its
, including
, UPI, Pocket UPI, and Zaakpay.
'Our Payments Business has shown remarkable strength, growing threefold year-over-year,' said the fintech firm's co-founder and CFO Upasana Taku.
'Our focus for this year will be to leverage AI as a growth catalyst -- to accelerate go-to-market, drive revenue growth, and expand margins through intelligent automation.'
For the full financial year 2024–25, MobiKwik posted a loss of Rs 121.5 crore, reversing a profit of Rs 14 crore reported in FY24. Despite the bottom-line setback, revenue rose 33.7% to Rs 1,170.1 crore, largely fuelled by a 142% increase in payments revenue, which stood at Rs 767.4 crore.
The company also continued to expand its user and merchant base. During the year, MobiKwik added 20.6 million new users, taking the total to 176.4 million. Its merchant network grew by 0.53 million, reaching 4.6 million by the end of FY25.
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