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What is the story about?
Digital payments company One MobiKwik Systems
Ltd. reported a net profit of ₹4.4 crore for the March quarter, compared to a net loss of ₹56.7 crore in the same period last year.
Revenue for the quarter increased 8% year-on-year to ₹288.7 crore from ₹267.7 crore a year ago.
The company also reported an improvement in operating performance. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at ₹10 crore for the quarter, compared to an EBITDA loss of ₹56.5 crore in the corresponding quarter last year.
EBITDA margin improved to 3.5% from a negative 21% a year earlier.
Despite the improvement in earnings, shares of One MobiKwik Systems were trading 2.82% lower at ₹221.21 following the results announcement. The stock, however, has gained nearly 17% over the last one month.
Revenue for the quarter increased 8% year-on-year to ₹288.7 crore from ₹267.7 crore a year ago.
The company also reported an improvement in operating performance. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) stood at ₹10 crore for the quarter, compared to an EBITDA loss of ₹56.5 crore in the corresponding quarter last year.
EBITDA margin improved to 3.5% from a negative 21% a year earlier.
Despite the improvement in earnings, shares of One MobiKwik Systems were trading 2.82% lower at ₹221.21 following the results announcement. The stock, however, has gained nearly 17% over the last one month.
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