India, April 3 -- MobiKwik Spins The Revenue Wheel

The wearer best knows where the shoe pinches and no one can understand this better than investors holding the MobiKwik stock since its listing. After hitting its peak of INR 698.30 on December 26, 2024 (eight days after listing), the fintech platform's stock has cratered nearly 56%, closing at INR 309.55 on the BSE yesterday.

So, Why The Turmoil? Retail investor sentiments have soured amid a higher-than-expected loss of INR 55.28 Cr in Q3 FY25, even as operating revenue jumped nearly 18% YoY to INR 269.47 Cr. Interestingly, revenues from the lucrative lending vertical fell 53% YoY to INR 73 Cr.

Adding to the pressure is the RBI-mandated default loss guarantee clause in its lending cont...