MobiKwik Q3FY25 Results: Unicorn fintech firm Clocks huge 1,000% loss in net profit at Rs 55 crore in Q3, revenue slips 7%

MobiKwik clocks immense 1,000 microcomputer nonaccomplishment successful nett net astatine Rs 55 cr successful Q3, gross slips 7 pc 

One MobiKwik Systems Limited connected Tuesday reported a immense 1,000 per cent consolidated nett nonaccomplishment astatine Rs 55 crore successful the December 4th (Q3 FY25), arsenic compared to the nett net of Rs 5 crore from the aforesaid play past twelvemonth (Q3 FY24).

The gross from operations besides declined by 7 per cent quarter-on-quarter from Rs 291 crore successful the July-September period, according to its speech filing.

The company's full income successful Q3 FY25 stood astatine Rs 274 crore with a 6.48 per cent diminution from Rs 293 crore successful Q2 FY25.

Meanwhile, full expenses surged by 10.84 per cent successful Q3FY25 astatine Rs 317 crore compared to Rs 286 crore successful Q2 FY25. This summation successful expenses contributed to a diminution successful profitability, with nett earlier taxation dropping by 47.66 per cent to Rs 33.22 crore from Rs 63.47 crore successful the erstwhile quarter.

In a statement, MobiKwik, which was listed connected the banal exchanges successful December, revealed that it had entered into a waiver statement with 1 of its lending partners.

Under this agreement, the institution agreed to forego income of Rs 24.21 crore related to fiscal services for the 4th ending June 30, 2024. This magnitude was adjusted against gross from fiscal services during the September quarter, arsenic stated successful its filing.

The institution reported an EBITDA nonaccomplishment of Rs 43 crore with a important diminution from the affirmative Rs 10.8 crore recorded during the aforesaid play past twelvemonth and Rs 6.8 crore successful the erstwhile 4th (Q2 FY25).

The gross merchandise worth (GMV) for the payments conception saw an summation compared to past twelvemonth astatine Rs 29,445 crore.

However, erstwhile compared to the erstwhile quarter, the maturation was much humble with a 4 per cent rise.

The institution saw an summation successful its idiosyncratic basal with adding 5 cardinal caller users during the quarter, bringing the full to 172 million.

Additionally, the institution expanded its merchant network, with 1.1 lakh caller merchants joining, raising the wide merchant basal to 4.5 million. Post the Q3 net announcement, the shares were trading successful the reddish with a 1.56 per cent diminution astatine Rs 400.E