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Mobikwik’s shares were listed on NSE on December 18, 2024 with a premium of 57.7%.
Fintech company One Mobikwik Systems Limited has suffered a loss of Rs 3.59 crore (consolidated net loss) in the second quarter of the financial year 2024-25. The company had made a profit of Rs 5.23 crore in the same quarter a year ago. After listing in the stock market, the company has released the results of the current financial year for the first time. After the results, the company’s shares are up by about 10%.
In the July-September quarter, MobiKwik’s consolidated operational revenue increased by 43% year-on-year to Rs 290.6 crore. The company’s revenue in the same quarter a year ago was Rs 203.5 crore. The amount received from selling goods and services is called revenue.
Total income increased by 43% to Rs 294 crore
Talking about total income in the second quarter of the financial year 2024-25, the company has earned Rs 293.7 crore. There has been an increase of 42.02% on annual basis. In the same quarter of the financial year 2023-24, the company had earned a total of Rs 206.8 crore.
The company is listed in the stock market in December 2024.
Shares of One MobiKwik Systems Limited were listed on NSE on December 18 last year at Rs 440 with a premium of 57.7%. It was listed on BSE at Rs 442.25 with a premium of 58.5%. However, after this it saw further rise and it increased by 89.25% (Rs 249) and closed at Rs 528 on NSE. Its issue price was Rs 279.
Company’s shares rose 10% after quarterly results
After the first results released by the company after the listing, the stock is seeing a rise of about 10%. MobiKwik shares are trading 9.55% higher at Rs 614.70 at 1:29 pm on Tuesday (January 7). After listing the company has given returns of more than 26%. The market cap of MobiKwik is Rs 4,790 crore.
Fintech company Mobikwik was established in March 2008.
MobiKwik is a fintech company, founded in March 2008. The company provides prepaid digital wallet and online payment service, through which customers can make other payments including mobile recharge, electricity bill and credit card payment. The MobiKwik application also provides digital credit, investment and insurance products, expanding the utility of the platform for both new and existing customers.
As of June 30, 2024, the company had 161.03 million registered users and 4.26 million merchants accepting payments both online and offline.
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One MobiKwik gave a return of 89% on the first day: Vishal Mega Mart also gained 43%, Sai Life Sciences also gave a profit of 39%
Shares of One MobiKwik Systems Limited, Vishal Mega Mart Limited and Sai Life Sciences Limited were listed in the market today i.e. on 18th December. One MobiKwik share is listed on NSE at Rs 440 with a premium of 57.7%.
Whereas on BSE it has been listed at Rs 442.25 with a premium of 58.5%. However, after this it saw further rise and it increased by 89.25% (Rs 249) and closed at Rs 528 on NSE. Its issue price was Rs 279.
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