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Mobikwik sees Rs 419 million Q1 loss despite revenue crossing Rs 2,700M
MUMBAI: Wallet lightens despite wallet biz boom Mobikwik’s Q1 balance isn’t adding up just yet. One Mobikwik Systems posted a consolidated net loss of Rs 419.2 million for the quarter ended 30 June 2025, nearly doubling its loss from the same quarter last year (Rs 66.15 million), despite generating revenues of Rs 2,713.63 million from operations. While revenue held steady quarter-on-quarter, rising marginally from Rs 2,677.84 million in Q4 FY25, expenses continued to outpace topline growth.
The company’s total income stood at Rs 2,816.16 million in Q1 FY26, including Rs 102.53 million in other income. However, total expenses surged to Rs 3,128.17 million, driven by high payment gateway costs (Rs 1,427.82 million) and financial guarantee expenses (Rs 213.88 million), the latter jumping over 700 per cent from the Rs 25.27 million reported in Q1 FY25. Operational expenses for the lending business also remained significant at Rs 291.82 million.
Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at a negative Rs 312.01 million, narrowing the loss from Rs 457.61 million in the previous quarter but falling sharply from a positive Rs 22.3 million a year ago.
Finance costs rose to Rs 78.27 million, while depreciation and amortisation were at Rs 28.57 million for the quarter. Loss before tax stood at Rs 418.85 million.
MobiKwik’s initial public offering (IPO), completed in December 2024, raised Rs 5,305.17 million (net of expenses). Of this, only Rs 2,140 million has been utilised so far, leaving Rs 3,165.17 million unspent. Key deployment areas included Rs 459.5 million for financial services growth and Rs 699 million for the payments vertical. Investments in R&D (Rs 307.6 million), capex for payment devices (Rs 23.9 million), and general corporate purposes (Rs 650 million) accounted for the rest.
Employee benefit expenses remained flat at Rs 419.55 million, while other expenses (Rs 775.1 million) included brand, tech, and operational overheads.
Diluted earnings per share (EPS) stood at negative Rs 5.39, compared to negative Rs 8.88 in Q4 and negative Rs 1.16 in Q1 FY25.
Mobikwik granted 3,27,688 new stock options in the quarter under its 2014 ESOP plan and saw 4,65,873 options exercised. The company’s paid-up equity share capital rose to Rs 156.38 million post IPO.
Despite widening losses, the company said it continues to operate as a single segment player across digital financial and payment services, and remains focused on sustainable growth and technology investments. With Rs 1,040.5 million still earmarked for financial services and Rs 762.4 million for R&D, MobiKwik appears to be playing the long game even if short-term results are deep in the red.
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Samsung certifies 1,000 Maharashtra students in AI and coding
The South Korean electronics giant marks its first large-scale skilling push in the state, with women making up nearly half the national programme’s enrolment
PUNE: Samsung has put 1,000 students in Maharashtra through a certified training programme in artificial intelligence and coding, the largest such drive the South Korean electronics company has run in the state and a signal that corporate India’s skilling ambitions are moving well beyond the boardroom brochure.
The certifications were awarded under Samsung Innovation Campus (SIC), the company’s flagship corporate social responsibility programme, which launched in India in 2022 with the stated aim of democratising access to future-technology education. The 1,000 graduates were drawn from four institutions: 127 from Savitribai Phule Pune University, 373 from Pimpri Chinchwad University, 250 from D.Y. Patil University’s Ramrao Adik Institute of Technology and 250 from Anjuman-I-Islam’s Kalsekar Technical Campus. All completed training in either AI or coding and programming, the two disciplines Samsung has identified as the critical pillars of the digital economy.
The programme does not stop at technical training. Soft-skills development and career-readiness modules are baked into the curriculum, a deliberate attempt to close the gap between what universities teach and what employers actually want.
“India’s digital growth story will ultimately be shaped by the quality of its talent pipeline,” said Shubham Mukherjee, head of CSR and corporate communications at Samsung Southwest Asia. “As technologies like AI move from the periphery to the core of industries, skilling must evolve from basic training to building real-world capability. This milestone in Maharashtra reflects how industry and academia can come together to create a future-ready workforce that is both globally competitive and locally relevant.”
The Maharashtra drive sits within a rapidly scaling national effort. Samsung Innovation Campus trained 20,000 young people across India in 2025, hitting its stated target for the year. Women account for 48 per cent of national enrolments, a figure the company cites as evidence of its push for an inclusive technology ecosystem. The programme is implemented in partnership with the Electronics Sector Skills Council of India and the Telecom Sector Skill Council.
Samsung, which is marking 30 years in India this year, runs SIC alongside two other initiatives, Samsung Solve for Tomorrow and Samsung DOST, as part of a broader effort to build what it calls a generation of innovators with both the technical depth and the problem-solving mindset to thrive in a fast-moving digital world.
A thousand certified students is a tidy headline. Whether they find jobs that match their new skills is the harder question, and the one that will ultimately determine whether corporate skilling programmes like this one are genuine pipelines or well-photographed gestures.
