Mobikwik Q3 Results: Payment Solution Provider Mobikwik’s parent company One Mobikwik Systems Limited has announced the results of the third quarter of FY25. In the October-December quarter, the company recorded a net loss of Rs 55.3 crore. Earlier, in the September quarter, the company had a net loss of ₹ 3.6 crore. However, in the same quarter of last year, the company earned a net profit of Rs 5.3 crore. The company’s shares have declined by 1.66 per cent today amid the quarterly results and this stock is trading on BSE at a price of Rs 399.50.
Mobikwik’s revenue increased 18%
In the December quarter, the revenue of One Mobikwik Systems increased by 18 per cent to ₹ 269.5 crore compared to last year. The total income increased by 19 percent on an annual basis. However, Mobikwik’s revenue has declined by 7.3 per cent over the previous quarter. The Gross Merchandise Value (GMV) for the payment segment increased three times to ₹ 29,445 crore compared to the previous year.
Ebitda was in loss of ₹ 43 crore in the December quarter, compared to Ebitda ₹ 10.8 crore last year and ₹ 6.8 crore in the September quarter. During the quarter, the company’s user base increased from 50 lakhs to 17.2 crore, while during the quarter the company added 1.1 lakh new merchants, reaching the total merchant base to 45 million merchants.
What did Mobikwik say on the results?
In its post -income comment, the company said, “With a strong growth in payment GMV and increase in distribution of financial services, the company remains confident of availing operating leverage contained in its business model and gaining price growth growth. . “