One Mobikwik Systems will be in focus on Tuesday as the company will announce its first quarterly earnings post its listing on December 18, 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 23.11% market share in the PPI wallet segment by gross transaction value as of May 2024, positioning it as India's largest wallet player.
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