Mobikwik achieved 3.7% revenue growth and its third profit quarter. Lower costs and improved lending margins boosted the company's bottom line. The lending business saw net margins rise significantly year on year. Payments gross merchandise value grew fifty percent on its platform. The company now has over 193 million users and five million merchants.

Fintech firm MobiKwik reported a consolidated profit of Rs 7.6 crore for the April-June quarter. This marks a significant turnaround from a net loss of Rs 419.2 crore in the prior…

MobiKwik's payments business continued to be the primary growth driver. It reported its highest-ever quarterly platform gross merchandise value (GMV) of Rs 58,700 crore.