One MobiKwik, or simply MobiKwik, saw its shares rise on Tuesday, January 7, after declaring its Q2 results. The fintech company is a fairly new entrant to the equity markets. The company debuted at the National Stock Exchange (NSE) on December 18.
MobiKwik Q2 Results
The shares saw red after the company released its second quarter or Q2 results (July-September). As per reports from CNBC TV18, the company saw its net loss reach Rs 3.6 crore.
The net profit stood at Rs 5.3 crore. The company saw its operational revenue rise by 43 per cent. Previously (last fiscal year) the operational revenue stood at Rs 203.4 crore. This rose to Rs 291 crore in 2024.
The shares of the relatively newly listed company's shares had surged significantly before the release of its earnings for the second quarter.
After a period of decline, towards the end of the early half of the day's trade, the company shares regained lost ground, surging ahead.
One MobiKwik Shares Waver
After opening at Rs 565.10 per share, higher than the previous day's Rs 561.10, the shares of the company dropped in red, going as low as Rs 553.70 per share.
The shares quickly bounced back, as trade progressed further into the day on Tuesday.
The apparent vacillations in stock prices is exhibited by stocks is even more vivid, when one takes into account the high of Rs 600.90 per share.
At the time of writing, after scaling the 1.51 per cent in hike, the share of the company dropped in its surge, while continuing to trade in green.
At 12:25 IST, the surge in shares of One MobiKwik stood at 0.83 per cent or Rs 4.65, taking the overall value to Rs 565.75 per share.
The company was listed on December 18 with a premium of 57.7 per cent. The company shares were listed at Rs 440, against the issue price of Rs 279 at the National Stock Exchange.
