India, Feb. 4 -- Fintech major MobiKwik slipped into the red in the third quarter of the fiscal year 2024-25 (Q3 FY25). The company reported a consolidated net loss of INR 55.28 Cr during the quarter under review against a profit of INR 5.27 Cr in the year-ago quarter.

On a quarter-on-quarter basis, net loss zoomed multifold from INR 3.59 Cr.

The recently-listed fintech company posted an EBITDA loss of INR 42.67 Cr in Q3 FY25 against an EBITDA profit of INR 10.82 Cr in the corresponding quarter last year. It had posted an EBITDA profit of INR 6.80 Cr in the preceding September quarter.

Operating revenue shot up nearly 18% to INR 269.47 Cr in the December quarter of FY25 from INR 228.93 Cr in the same quarter last year. Sequentially, th...