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MobiKwik reported a consolidated net loss of ₹3.6 crore for the second quarter of FY25, a stark contrast to a net profit of ₹5.3 crore during the same period last year. The company's revenue from operations increased by 43% to ₹291 crore, up from ₹203.4 crore year-over-year. This marks the first quarterly earnings report since MobiKwik's IPO listing. Despite the loss, MobiKwik experienced a 267% jump in payments gross merchandise value (GMV) during the quarter. Analysts are evaluating the stock's performance in light of these results, which reflect higher investment costs impacting profitability.
#MarketsWithBS | Shares of #RouteMobile were in demand on Wednesday, after the company joined hands with Jakarta's urban rail transit provider to launch a WhatsApp ticketing solution https://t.co/N2uNnsF5tS
Exicom Tele Systems shares were locked in 5% upper circuit at Rs 250.25 a piece on the BSE, after the company signed a MoU with Mufin Green Infra Limited, a provider of turnkey project solutions for EV charging infrastructure
#MobiKwik reported a consolidated net loss of Rs 3.59 crore in #Q2FY25 as compared to the net profit of Rs 5.22 crore in #Q2FY24. @AjinkyaJK https://t.co/stiNgHELVR