On January 7, 2025, several companies, including Mobikwik, GM Breweries, Krishna Ventures, Leel Electricals, UH Zaveri, VR Woodart, Darshan Orna, and KORE, are set to announce their quarterly earnings. These results come amidst significant market activity and expectations for varied sectoral performance.
Mobikwik Q2 Results Spotlight:
Mobikwik, the fintech giant, is in focus as it announces its maiden quarterly results since listing. The company, which posted a consolidated revenue of ₹875 crore in FY24, marking a 62% YoY growth, has reversed its previous losses into a net profit of ₹14 crore.
Mobikwik’s IPO was a resounding success, oversubscribed 119 times, with its stock debuting at ₹442.25 on the BSE, reflecting a 58.5% premium over its issue price of ₹279. The stock recently settled at ₹558.10, down 6.94% over the previous close. As of June 2024, Mobikwik boasts 161 million registered users and 4.26 million merchants, holding a dominant 23.11% market share in the PPI wallet segment.
Shivani Nyati, Head of Wealth at Swastika Investmart, commented, “The company’s shift to profitability and growth in digital payments has boosted market confidence. However, sustaining this momentum will depend on its ability to maintain profitability in a competitive fintech sector. Investors are advised to book profits on high listing gains and set a stop loss at ₹400 for those holding shares.”
Other Key Results:
- GM Breweries
- Krishna Ventures
- Leel Electricals
- UH Zaveri
- VR Woodart
- Darshan Orna
- KORE
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