MobiKwik Q2 Results: Revenue Soars 43%, Net Loss Narrows

One MobiKwik Systems Ltd., the parent company of the payment solutions provider MobiKwik, announced its September quarter results on January 7, 2025. This marks its first earnings report since going public last year.

Net Loss Reported

MobiKwik recorded a net loss of ₹3.6 crore for the September quarter, compared to a net profit of ₹5.3 crore in the same period last year. However, the loss has narrowed from ₹6.4 crore reported in the June quarter.

Revenue Growth and EBITDA Decline

Revenue from operations grew by 43% year-on-year to ₹291 crore, up from ₹203.4 crore in the same quarter last year. Despite higher revenues, EBITDA declined by 37% to ₹6.8 crore, compared to ₹10.8 crore last year. Margins, however, improved to 5.2% from 2.3%.

User Base and Merchant Growth

At the end of the quarter, MobiKwik had 167 million registered users, a 13.6% growth year-on-year. The number of merchants on the platform increased by 15.5% to 4.4 million.

Payment Gross Merchandise Value (GMV) more than tripled from last year, reaching ₹28,280 crore. The payment take rate remained steady at 0.7%.

Stock Performance

One MobiKwik Systems share price is currently trading at ₹611.40, up by ₹1.55 or 0.25% today, as of 9:43 AM on January 8, 2025. The stock opened at ₹603.00, reached a high of ₹626.00, and a low of ₹595.55. Over the past month, the stock has gained ₹83.40, or 15.80%.

With a market capitalisation of ₹4.76K crore and a P/E ratio of 256.70, its 52-week high is ₹698.30, and its 52-week low is ₹440.00.

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