MobiKwik's revenue rises to Rs 291 crore in Q2 FY25, reports a loss of Rs 3.5 crore

Fintech platform MobiKwik reported its earnings for the quarter ended September (Q2 FY25), marking its first set of results after going public last year.

The company’s revenue rose sharply to Rs 291 crore, up from Rs 203 crore in the same period a year earlier—an increase of about 43%. However, MobiKwik posted a net loss of Rs 3.5 crore, down from a net profit of around Rs 5 crore during Q2 FY24.

According to regulatory filings on the National Stock Exchange (NSE), the company’s total expense for the quarter reached Rs 287 crore, largely driven by payment gateway costs, employee benefits and other overheads.

Positive EBITDA

While the loss signals a decline from last year’s profits, MobiKwik did record positive EBITDA of Rs 3.5 crore during Q2 FY25. Revenue continued to come primarily from commissions on recharges and processing, as well as interest income from servicing loans, payment gateway fees and technology platforms.

User base expansion

MobiKwik’s user base expanded by more than 13% year-over-year to 167 million, supported by over 4.4 million merchants on its platform.

The company also reported a more than threefold increase in its Payment Gross Merchandise Value (GMV), reaching Rs 28,280 crore in the quarter, compared to the same period last year. Its take rate—the portion of each transaction that MobiKwik retains—remained stable at 0.7%.