Mobikwik’s stock price surged by 12% following the announcement of its Q2FY25 financial results, marking its first quarterly report post-listing.
MobiKwik shares opened at ₹565.10 and reached a high of ₹637.80, with a low of ₹553.70 during the trading session. The stock is currently performing near its 52-week high of ₹698.30 and has a 52-week low of ₹440.00. As of 2:14 PM, the shares were trading 9.20% higher at Rs 612.70.
The company reported a 42% year-on-year (YoY) growth in total income, reaching ₹293.7 crore. Contribution margin jumped 56.2% YoY to ₹117.9 crore, while EBITDA stood at ₹6.8 crore, reflecting efficient cost management.
Despite a loss of ₹3.59 crore for the quarter (down from a ₹5.3 crore profit in the same period last year), Mobikwik’s user and merchant base showed significant growth. The registered user base reached 16.7 crore, adding 60 lakh new users, while its merchant base expanded by 1.4 lakh to 44 lakh.
Key performance highlights include:
- Payments GMV: ₹28,300 crore, up 267.3% YoY.
- Payments Revenue: ₹188.7 crore, up 181.3% YoY.
- Gross Margin: 19.2%, reflecting strong QoQ and YoY improvement.
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