One MobiKwik System, the parent company of payments app MobiKwik, reports a net loss of Rs 55 crore in the quarter ending in March as against Rs 52.3 crore in December last year. The company even reported a consolidated revenue of Rs 265 crore, almost flat against the Rs 268 crore reported in the December quarter. 

The sluggish performance is being attributed to the company’s low lending business. The company’s lending business’s contribution has come down to 30 percent from 37 percent. Other reasons attributed to the not-so-encouraging numbers include new digital lending guidelines, too. 

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Lending Expenses on the Rise 

Overall expenses increased by 3% to ₹323 crore in the March quarter, driven largely by a sharp rise in costs associated with running the lending business. Lending-related expenses surged to ₹41 crore, up from ₹27 crore in the December quarter. However, for the full year, these costs remained relatively contained at ₹175.8 crore, significantly lower than ₹270 crore in FY24.

Sharp Fall in Zip Loans Causing Trouble 

MobiKwik has discontinued its short-term Zip loans, a high-margin buy-now-pay-later offering, leading to a 41% drop in total disbursals of such loans, down to ₹5,358 crore from ₹9,093 crore a year ago.

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Consolidated Figures 

The payments app company ended the financial year 2025 with a net loss of Rs 122 crore, a sharp reversal from the Rs 9.3 crore profit it posted the previous year. Despite the setback, its operating revenue for FY2025 grew by 31%, rising to Rs 1,164 crore from Rs 884 crore in FY2024. Overall gross merchandise value (GMV) surged to ₹115,900 crore from ₹38,200 crore in the same period last year, driven by strong new-user acquisition and the onboarding of additional merchants.