Fintech platform MobiKwik reports first ever consolidated PAT at Rs 3 crore

Fintech platform MobiKwik on Tuesday announced that it posted a consolidated profit for the first time at Rs 3 crore in the first quarter of financial year 2024 (Q1 FY24). The firm, however, for the second time in succession, reported a positive adjusted earnings before interest, taxes, depreciation, and amortisation (Ebitda) at Rs 13.6 crore in Q1, FY24, a 181 per cent year-on-year (Y-o-Y) increase.

The company’s revenue in Q1 FY24 grew 68 per cent compared to the corresponding quarter in the last financial year. It generated Rs 177 crore in revenue in Q1 FY24, and its contribution margin rose by 108 per cent to Rs 73.9 crore.