Mobikwik, a Gurugram-based fintech, reported a net profit of Rs 14 crore in FY24, compared to a Rs 80.6 crore loss last year. Revenue increased 62% to Rs 875 crore. The company's lending expenses grew sharply. Mobikwik offers various financial services, including UPI and mobile wallet payments, and experienced a decline in new user additions in FY24.
