MobiKwik’s net loss widens to Rs 55 crore as revenue growth remains flat

Mobikwik parent One MobiKwik Systems reported an operating revenue of Rs 265 crore, almost flat against the Rs 268 crore reported in the December quarter. MobiKwik’s business was impacted by a slowdown in its lending operations, which reduced its contribution margins to 30% from 37% and also slowed disbursals.