New Delhi, Aug 1 || Fintech company One MobiKwik Systems reported a consolidated net loss of Rs 41.9 crore for the April-June quarter(Q1 FY26), surging over 6 times from the Rs 6.6 crore loss reported during the same period the previous year.
According to its regulatory filing, the company's operating revenue was Rs 271.3 crore, around a 21 per cent decrease from the Rs 342.2 crore recorded in Q1 FY25.
However, MobiKwik demonstrated some improvement on a sequential basis, with revenue rising marginally by 1.3 per cent from Rs 267.7 crore. The losses have also decreased from Rs 56 crore in the previous quarter (Q4 FY25).
The total expenses during the quarter stood at Rs 312.8 crore, down from Rs 343.6 crore in the year-ago period.
Higher payment gateway fees, which increased from Rs 127.6 crore to Rs 142.8 crore, were a major contributing factor in widening the losses, as per the filing.
Additionally, employee benefit costs went up slightly to Rs 41.9 crore in the quarter under review from Rs 39.1 crore in the corresponding quarter last year.