MobiKwik, one of India’s leading digital financial services platforms, has announced its financial results for the third quarter of FY25, showcasing substantial growth in revenue and profitability. The company reported a notable 49% year-on-year increase in revenue from operations, reaching ₹255 crore compared to ₹171 crore in Q3 FY24. This impressive performance highlights the company’s expanding footprint in India’s rapidly growing fintech sector.
Strong Profitability Amid Expanding Business Operations
Demonstrating operational efficiency and sustainable growth, MobiKwik recorded a significant improvement in profitability. The company reported a net profit of ₹11 crore for the quarter, a remarkable turnaround from the ₹2.5 crore profit in the same period last year. This marks the company’s third consecutive profitable quarter, solidifying its position as a financially stable fintech leader. Additionally, EBITDA surged by 55% year-on-year to ₹27.6 crore, reflecting the company’s prudent cost management and revenue optimization strategies.
Growth in User Base and Digital Payment Volumes
MobiKwik’s success in Q3 FY25 is attributed to its growing user base and increased digital payment adoption. The company now boasts over 154 million registered users, reinforcing its status as a trusted digital payments provider. The total payments volume (TPV) processed by MobiKwik during the quarter reached ₹31,100 crore, a substantial 52% year-on-year increase.
Expanding Credit Business and BNPL Offerings
The company’s Buy Now, Pay Later (BNPL) and digital credit business continue to gain traction. MobiKwik disbursed loans worth ₹2,013 crore in Q3 FY25, registering a robust 53% increase compared to ₹1,318 crore in the same quarter last year revenue. This growth highlights the rising demand for short-term credit solutions among Indian consumers, further strengthening MobiKwik’s position in the digital lending ecosystem.
Future Outlook and Strategic Expansion
With strong financial performance and continued profitability, MobiKwik is strategically positioning itself for future growth. The company is focused on expanding its digital credit offerings, enhancing user experience, and deepening market penetration. As India’s digital economy continues to flourish, MobiKwik aims to leverage its technological capabilities to drive further innovation and growth in the fintech sector.
The latest quarterly results underscore MobiKwik’s resilience and strategic foresight, reinforcing its commitment to becoming a dominant player in India’s digital financial landscape.
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