MobiKwik's Q3 losses balloon 15X over previous quarter as lending expenses grow

Quick Summary:

Gurugram-based fintech MobiKwik's net loss ballooned to Rs 55.28 crore in Q3 FY25, a 15.3X jump from the previous quarter’s Rs 3.59 crore and a swing from a profit of Rs 5.27 crore in the same period last year.

The rise in costs was driven by lower disbursements and a transition to new Default Loss Guarantee (DLG) contracts, where expenses are front-loaded while revenue realization is delayed.

MobiKwik's Q3 earnings reflect the impact of sectoral headwinds in unsecured lending, which has weighed on its credit distribution business.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Crore Mobikwik Expenses Loss Privacy Lending Payments Previous Policy Year Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 09:27:44 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 17 lines

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News ID: 25883724

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