MobiKwik
MobiKwik shares jump 17% after stunning Q3 turnaround
Mumbai/IBNS: Shares of financial technology firm MobiKwik surged 17 per cent on Tuesday after the company reported a strong rebound in the third quarter of the ongoing financial year, media reports said.
The company posted a net profit of Rs. 4 crore for the quarter, reversing a loss of Rs. 55.2 crore reported in the corresponding period last year.
Revenue for the quarter rose year-on-year to Rs. 289 crore, compared with Rs. 269.4 crore in the same period of the previous fiscal.
Operating performance also improved significantly, with EBITDA turning positive at Rs. 6.8 crore, against an EBITDA loss of Rs. 47.6 crore a year earlier.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
