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Fintech firm MobiKwik reported a consolidated profit of Rs 7.6 crore for the April-June quarter. This marks a significant turnaround from a net loss of Rs 41 crore in the prior year. Revenue from operations saw a modest increase of 3.7 percent to Rs 281.48 crore. The company highlighted three consecutive profitable quarters, reinforcing its business model's embedded profitability.
One MobiKwik Q1 Results: Firm reports profit for 3rd consecutive quarter; stock jumps 9% on strong performance
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Fintech firm MobiKwik reported a consolidated profit of Rs 7.6 crore for the April-June quarter. This marks a significant turnaround from a net loss of Rs 41 crore in the prior year. Revenue from operations saw a modest increase of 3.7 percent to Rs 281.48 crore. The company highlighted three consecutive profitable quarters, reinforcing its business model's embedded profitability.
Key Highlights
Fintech firm MobiKwik reported a consolidated profit of Rs 7.6 crore for the April-June quarter.
This marks a significant turnaround from a net loss of Rs 41 crore in the prior year.
Revenue from operations saw a modest increase of 3.7 percent to Rs 281.48 crore.
Source
Economic Times
Published
4h ago
Impact Score
75 / 100
Category
Corporate Earnings
Positive near-term momentum expected in Corporate Earnings as market digests this development.
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