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MobiKwik stock drops 56% from peak following Q3 losses
MobiKwik’s stock has dropped nearly 56% from its peak of 698.30 rupees (US$8.15) on Dec. 26, 2024, closing at 309.55 rupees (US$3.61) on the BSE yesterday.
The decline follows a Q3 FY25 loss of 55.28 crore rupees (US$6.5 million), despite an 18% YoY revenue increase to 269.47 crore rupees (US$31.5 million).
The company’s lending revenue fell 53% YoY to 73 crore rupees (US$8.5 million), raising investor concerns.
Additionally, an RBI mandate requiring MobiKwik to reserve 5% of its capital for potential loan defaults is further straining profit margins.
Recent MobiKwik developments
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24-Feb-2025 📉 MobiKwik shares hit record low after stake acquisition
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04-Feb-2025 📉 MobiKwik reports $6.35m loss in Q3
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25-Jan-2025 👤 MobiKwik’s co-founder and payments chief resigns
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10-Jan-2025 📉 MobiKwik reports Q2 loss, shares fall 6.84%
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08-Jan-2025 📉 MobiKwik reports Q2 loss despite revenue growth
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