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MobiKwik reported a loss of ₹55 crore for the third quarter, contrasting sharply with a profit of ₹5.2 crore during the same period last year. The fintech company's revenue increased by 18% year-on-year, reaching ₹269 crore. Despite the revenue growth, MobiKwik's EBITDA also reflected a loss of ₹48 crore, compared to an EBITDA of ₹8 crore in the previous year. Following the announcement of its Q3 results, MobiKwik shares fell by 3.2%, hitting an intraday low of ₹385.65 on the Bombay Stock Exchange (BSE).
Mobikwik slips into losses despite operating revenue going up 18% to Rs 270 crore https://t.co/OCtd01lTNB
MobiKwik reports a loss of Rs 55 crore in Q3, compared to a profit of Rs 5.2 crore during the same period last year. Meanwhile, the fintech firm’s revenue for the October-December period saw an 18% year-on-year jump. @dishaacharya_ writes: https://t.co/NHFkYQTzL5 https://t.co/UakSnta9iJ
Mobikwik swings into red in Q3 with Rs 55-crore loss https://t.co/Y2qT89O9Sq via @moneycontrolcom
