Mobikwik Financial Statements

Revenue from operations is decreased by 18.87% in FY21 primarily due to the impact of COVID-19 led restrictions on the economy. Consumer payments and BNPL segments of the company were impacted in the first half of FY21, however, as lockdowns eased in India, the operations started to recover in the third and fourth quarters company saw a recovery in second half of FY21.

Finance costs decreased in FY21 due to decrease in borrowing and reduction in non-convertible debentures from ₹ 139.88 million in Fiscal 2020 to ₹ 25.45 million in Fiscal 2021.