Business EconomyPosted at: Aug 1 2025 1:55PM


MobiKwik suffers major loss in its financial services segment

New Delhi, Aug 1 (UNI) MobiKwik, an Indian Fintech company with specialization in mobile phone-based payment systems, suffered a major loss for the June Quarter. The net loss rose to Rs 41.9 crore, which is about six per cent more compared to the Rs 6.6 crore during the same period last year.
The company pointed towards macroeconomic instability and a slowdown in unsecured lending space behind this significant loss. Additionally, the recent transition towards the default loss guarantee (DLG) model also affected profitability. Under the Default Loss Guarantee model, firms source loans for lenders and agree to cover the losses in case borrowers default.
The company issued a letter to shareholders showing optimism regarding the comeback of gross margins in lending to near 40 per cent by the second half of FY26.
The company stated in the letter, “We have discontinued the smaller-ticket ZIP product due to macroeconomic challenges and a slowdown in that segment. However, we are seeing that this trend normalises and believe that Q4 FY25 marked the bottoming out phase.”
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