India, Feb. 5 -- Fintech company MobiKwik saw an overwhelming investor traction for its initial public offering (IPO) last year, primarily due to it being one of the few fintech companies that was profitable for an entire fiscal year.

While the company had reported a net profit of INR 14.1 Cr in the fiscal year 2023-24 (FY24), it has reported losses across all three quarters of the ongoing financial year.

In its latest financial disclosure for Q3 FY25, the company reported a net loss of INR 55.28 Cr, taking its loss count for the first nine months of FY25 to INR 62.85 Cr. From an EBITDA perspective, the company plunged into an EBITDA loss of INR 42.67 Cr in the December quarter. It reported an EBITDA profit of INR 10.83 Cr in the same q...