IPO-Bound MobiKwik Turns Profitable In H1 FY24, Posts INR 9.4 Cr PAT

IPO-Bound MobiKwik Turns Profitable In H1 FY24, Posts INR 9.4 Cr PAT

SUMMARY

MobiKwik had incurred a net loss of INR 83.8 Cr in FY23 and INR 128.1 Cr in FY22

MobiKwik’s operating revenue in the first six months of FY24 stood at INR 381 Cr

The startup aims to raise INR 700 Cr via fresh issue of shares. No offer-for-sale component is involved in the public issue

IPO-bound fintech unicorn MobiKwik turned profitable in the first six months of the ongoing financial year. As per the startup’s draft red herring prospectus (DRHP), it posted a profit after tax (PAT) of INR 9.4 Cr in the six-month period ending September 30, 2023.  

MobiKwik had reported a net loss of INR 83.8 Cr in FY23 and INR 128.1 Cr in FY22. 

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