MobiKwik share price traded under selling pressure in Tuesday's trade after the fintech major's net loss widened 83x to Rs 56 crore in March quarter of the financial year 2025.
The company reported a net loss of Rs 56.03 crore in Q4FY25, widening 8262.7 percent from a loss of Rs 67 lakh in the same period, a year ago. However, the loss widened just 1.63 percent quarter-on-quarter (QoQ) basis.
Shares of One Mobikwik Systems Ltd. touched an intraday low of Rs 262 per share on the NSE, down 6.08 percent. The stock opened with a loss of 3.57 percent. The stock has fallen after two days of consecutive gain. However, the stock later pared some of its losses to trade at Rs 270.6 per share, down 2.99 percent at around 10 AM.
The company reported that its revenue from operations reduced 0.6 percent to Rs 267.70 crore in the March quarter of FY25 against Rs 269.40 crore, QoQ.
The earnings before interest, taxes, depreciation and amortization (EBITDA) loss was reported at Rs 56.5 crore against an EBITDA loss of Rs 47.60 crore QoQ.
In December 2024, the Mobikwik shares had a bumper debut on both NSE and BSE, listing at Rs 442.25, at a 58.5 percent premium against the offer price of Rs 279. During the day, the stock hit the upper circuit, One Mobikwik Systems closed at Rs 530.70, a 20 percent increase from the listing price.
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