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MobiKwik posts ₹29 crore loss for September quarter

Business

MobiKwik just posted a net loss of ₹29 crore for the September quarter—a big jump from last year's ₹4 crore loss for the same time, though it's still better than the previous quarter's ₹41.9 crore loss.
Revenue also dipped slightly, showing the company is still facing some tough financial headwinds.

Revenue dropped 7% year-on-year

Quarterly revenue dropped 7% year-on-year to ₹270 crore, while operational losses (EBITDA) widened to ₹15.7 crore from last year's ₹4 crore.
After these results came out, MobiKwik's stock slid 4.35% to ₹247.95—still below its IPO price.