Leading Indian fintech company MobiKwik has been severely struggling in recent times, as can be seen from its deteriorating financials and stock price. On February 24, 2025, the company’s shares fell 5.6% intraday on the Bombay Stock Exchange (BSE), hitting an all-time low of INR 293.60 per share.
Financial Results
Against the INR 5.27 crore profit during the same quarter of the previous year, MobiKwik incurred a consolidated net loss of INR 55.28 crore during the third quarter of the fiscal year 2024–25 (Q3 FY25).
Despite this reversal, the revenue of the company rose 17.7% year on year to INR 269.47 crore. MobiKwik incurred a net loss of INR 3.59 crore in the second quarter of FY25 (Q2 FY25), the opposite of the Q2 FY24 figure of INR 5.22 crore.
Despite this, the company also announced an income of INR 290.64 crore, 42.8% higher. Continuous investments for the expansion phase to come were blamed for Q2 losses.
Performance of Stocks and Market Volatility
The stock of MobiKwik has been extremely volatile. On February 21, 2025, for INR 1.5 crore, the company bought a further 3.39% stake in Blostem Fintech Private Limited. Investor concerns were observed in the stock’s all-time low following this revelation. Acute market struggles are observed from the company’s shares, which have declined more than 60% from its high of INR 698 per share.
Future Prospects and Strategic Initiatives
MobiKwik has seen user addition and transaction volume despite recent financial losses. The firm stated that as of December 31, 2024, merchants stood at 16.2% increase to 45 lakh and registered users stood at 13% increase to 17.20 crore. The payment stood at INR 29,450 crore Gross Merchandise Value (GMV) and was 206% higher than the same period a year ago.
To strengthen its foothold in the extremely competitive fintech space, MobiKwik has been strategically scaling up its digital credit offerings and improving the effectiveness of its platform. To improve financial stability and increase its portfolio, the company is also seeking joint ventures and investments.
In Conclusion
The present volatility in the stock and financials of MobiKwik indicate the difficulties for fintech players in a changing market. While user acquisition and strategic initiatives have demonstrated the resilience of the company, long-term profitability and stability in its stock will be based on how effectively its business plans are implemented and the capacity to adjust to changing market trends.
