Mobikwik Q1 loss widens six-fold to Rs 42 crore, revenue falls 21%

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Fintech startup rel=”dofollow” href=”https://economictimes.indiatimes.com/one-mobikwik-systems-ltd/stocks/companyid-2020546.cms” target=”_blank”>One Mobikwik Systems, which operates payments and financial services company Mobikwik, remained in the red as its net loss widened over six-fold to Rs 41.9 crore for the June quarter, from Rs 6.6 crore in the same period last year.

The Peak XV-backed company also reported a 20.7% year-on-year decline in operating revenue to Rs 271.3 crore.

Mobikwik’s performance was impacted by a sharp slowdown in its financial services segment, with revenue plunging 65% year-on-year, from Rs 170.7 crore in Q1 FY25 to Rs 58.3 crore in Q1 FY26.

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Mobikwik Q1 loss widens six-fold to Rs 42 crore, revenue falls 21%



Fintech startup rel=”dofollow” href=”https://economictimes.indiatimes.com/one-mobikwik-systems-ltd/stocks/companyid-2020546.cms” target=”_blank”>One Mobikwik Systems, which operates payments and financial services company Mobikwik, remained in the red as its net loss widened over six-fold to Rs 41.9 crore for the June quarter, from Rs 6.6 crore in the same period last year.

The Peak XV-backed company also reported a 20.7% year-on-year decline in operating revenue to Rs 271.3 crore.

Mobikwik’s performance was impacted by a sharp slowdown in its financial services segment, with revenue plunging 65% year-on-year, from Rs 170.7 crore in Q1 FY25 to Rs 58.3 crore in Q1 FY26.

A sharp…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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