Mobikwik losses surge 6X in Q1 FY26

Fintech platform MobiKwik reported its quarterly results for the first quarter of  the ongoing fiscal year (FY26) on Thursday, with revenue declining 20.8% year-on-year and losses rising over six-fold.

MobiKwik’s revenue from operations decreased by 20.8% to Rs 271 crore in Q1 FY26 from Rs 342 crore in Q1 FY25, its unaudited financial statements accessed from the National Stock Exchange (NSE) show.

Commissions on recharges, processing, and interest on servicing loans, payment…