Mobikwik swings to Rs 3.59 Cr loss in Q2 of FY25 as costs surge

Quick Summary:

Mobikwik's total income rose 41.94% YoY to Rs 293.66 crore.

However, sequentially, income fell 15.09% from Rs 345.82 crore in Q1 FY25.

Mobikwik, in a statement, said it adopted a "prudent and selective approach" in distributing credit products during Q2 FY25 to align with prevailing macroeconomic conditions and mitigate risks.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Fy25 Privacy Total Company Credit Fy24 Crore Policy Mobikwik Quarter Income

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 07:58:33 (2 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 26 lines

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