Mobikwik Q2 Results: Net loss widens to ₹29 crore, revenue declines

MobiKwik reported a net loss of ₹29 crore for the September quarter. It had reported a net loss of ₹4 crore during the same quarter last year. MobiKwik's net loss narrowed from the ₹41.9 crore it had reported during the June quarter.

The company's revenue from operations during the September quarter fell by 7% to ₹270 crore, compared to ₹291 crore during the same period last year. On a sequential basis, topline was flat as against ₹271.3 crore in the previous quarter.



MobiKwik's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) loss stood at ₹15.7 crore as against last year's ₹4 crore last year.

Shares of MobiKwik fell to the day's low post the earnings announcement and after some choppy moves, are currently trading with losses of 4.35% at ₹247.95. The stock remain below its IPO price of ₹279.