MobiKwik, the payment solutions provider, has reported mixed results for its September quarter. The company's revenue saw significant growth, but it slipped into a loss from profit in its first quarter as a publicly listed entity.
This marks MobiKwik's first set of results after going public last year, and while it posted growth in revenue, the shift from profit to a net loss has raised concerns among investors. The company's stock, however, is still holding strong, up significantly from its IPO price.
Investors will closely watch how MobiKwik manages to address its profitability concerns and whether the revenue growth can be sustained in the coming quarters.
While the rise in revenue is a positive sign for MobiKwik, the decline in profit and EBITDA highlights some of the challenges the company faces in its transition to a publicly traded entity. With shares still significantly above their IPO price, investors will be keen on how the company balances growth with profitability in the future.
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