Shares of One MobiKwik Systems Ltd declined over 4% in early trade on Tuesday, slipping to ₹267 apiece after the fintech major reported a sharp surge in losses for the fourth quarter ended March 2025.
The company posted a net loss of ₹56.03 crore in Q4 FY25, a staggering 83.5x rise compared to ₹67.1 lakh in the same quarter last year. Sequentially, losses also rose 1.3% from ₹53.1 crore in Q3 FY25.
Revenue growth remained tepid, with operating revenue inching up just 1% year-on-year to ₹267.78 crore. Sequentially, it slipped 0.6%. Including other income, total revenue for the quarter stood at ₹278.52 crore.
For the full year FY25, MobiKwik reported a net loss of ₹121.53 crore, a reversal from a net profit of ₹14.1 crore in FY24. However, operating revenue for the year grew 33.7% to ₹1,170.2 crore from ₹875 crore in FY24.
Rising expenses weigh on performance
The company’s total expenses surged 22% YoY to ₹324.28 crore in Q4. The largest expense head was payment gateway costs, which more than doubled to ₹147.01 crore. Employee costs also rose 20% YoY to ₹43.1 crore, though they fell slightly on a QoQ basis.
Lending operational costs — which include charges paid to banks and NBFCs for disbursing loans via ZIP and ZIP EMI — dropped 53.6% YoY to ₹41.06 crore but increased 65.7% sequentially.
MobiKwik’s IPO debut in December 2024 saw its stock list at a 58.5% premium, but the current pressure on margins and profitability appears to have dampened investor sentiment in the near term.
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