{"id":846327,"date":"2024-08-21T08:30:54","date_gmt":"2024-08-21T03:00:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=846327"},"modified":"2024-08-21T08:35:36","modified_gmt":"2024-08-21T03:05:36","slug":"mobikwik-turns-profitable-in-fy24-with-rs-14-08-cr-profit-revenue-up-58-7","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/21\/mobikwik-turns-profitable-in-fy24-with-rs-14-08-cr-profit-revenue-up-58-7\/","title":{"rendered":"MobiKwik turns profitable in FY24 with Rs 14.08 cr profit, revenue up 58.7%"},"content":{"rendered":"<p>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. <\/p>\n<p>The Gurugram-based company&#8217;s revenues rose 58.7 per cent on a year-on-year (Y-o-Y) basis to Rs 890.32 crore. <\/p>\n<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-846327","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=846327"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846327\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=846327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=846327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=846327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}