MobiKwik Shares Drop 2% On Weak Q2 Results

MobiKwik shares dropped over 2% to INR 595.20 apiece on the BSE following the company’s weak Q2 FY25 earnings

The fintech major reported a net loss of INR 3.59 Cr in Q2 FY25 as against a profit of INR 5.22 Cr in the year-ago quarter

Operating revenue surged 42% YoY to INR 290.65 Cr, but sequentially it declined 15%

Shares of MobiKwik dropped over 2% to INR 595.20 apiece on the BSE during the early trading hours today (January 8), weighed down by the company’s weak earnings for the quarter ended September 2024 (Q2 FY25).

The fintech major reported a net loss of INR 3.59 Cr in Q2 FY25 as against a profit of INR 5.22 Cr in the year-ago quarter. The company attributed the loss to continued investments in the business 

On a quarter-on-quarter basis, MobiKwik’s net loss nearly halved from INR 6.62 Cr.

Revenue from operations surged 42% to INR 290.65 Cr during the quarter under review from INR 203.45 Cr in Q2 FY24. However, it declined 15% sequentially from INR 342.27 Cr.

MobiKwik’s EBITDA stood at INR 6.80 Cr in Q2 FY25, down 37% from INR 10.8 Cr in the year-ago quarter.

Its total expenditure jumped 46.53% YoY to INR 286.86 Cr in Q2 FY25 from INR 196.02 Cr in Q2 FY24.

(The story will be updated soon)