MobiKwik turns profitable in FY24 with Rs 14.08 cr profit, revenue up 58.7%

IPO-bound MobiKwik recorded its first full profitable year, reporting a profit after tax (PAT) of Rs 14.08 crore in financial year 2024 (FY24) following a loss of Rs 83.8 crore in FY23.

The Gurugram-based company’s revenues rose 58.7 per cent on a year-on-year (Y-o-Y) basis to Rs 890.32 crore.

The fintech company added that it posted a positive Ebitda (Earnings Before Interest, Taxes, Depreciation, and Amortisation) of Rs 37.22 crore in FY24, compared to a loss of Rs 55.92 crore in FY23. This resulted in a positive Ebitda margin of 4.18 per cent.