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The Economic Times

Veer Sharma

One MobiKwik Systems Q1 Results: Co posts Rs 7.6-cr profit vs Rs 419 cr loss YoY

One MobiKwik on Monday reported a net profit of Rs 7.6 crore for the June quarter, marking its third consecutive profitable quarter and a sharp turnaround from a loss of Rs 41 crore a year earlier. The strong earnings lifted the stock as much as 9% to Rs 223 on the BSE.

The company’s revenue from operations came in at Rs 281 crore for the quarter under review, an increase of 4% from Rs 271 crore reported in the corresponding quarter of the previous financial year, MobiKwik said in a regulatory filing.

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