One MobiKwik Q2 Results: Shares surge 3% ahead of fintech's maiden earnings announcement since listing
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Shares of One MobiKwik Systems surged 3.5% to an intraday high of Rs 577.95 on the BSE ahead of its first quarterly earnings report, to be released later in the day, following its listing on December 18, 2024. The company will announce for the quarter and half year ended September 30, 2024. The company had posted a consolidated revenue of Rs 875 crore in FY24, marking a 62% growth over the previous year. Its net profit of Rs 14 crore in FY24, reversed from losses of Rs 84 crore in FY23. Mobikwik stock was listed at 442.25 on the BSE which was a 58.5% premium over its issue price of Rs 279. The stock settled at Rs 558.10, down by Rs 41.60 or 6.94% over the Friday closing price. Founded in 2008, MobiKwik operates a dual-sided payments platform catering to over 161 million registered users and 4.26 million merchants as of June 2024. The company offers services spanning digital payments, credit, and investment products. The company holds a 23...