One MobiKwik Systems Share Price Jumps Over 7% Ahead Of Second Quarter Earnings
The share price of One MobiKwik Systems Ltd. gained over 7% on Tuesday with the board set to meet today (Tuesday) to approve the release of its second quarter earnings. It is the first quarterly earnings report from the company after it was listed on December 18, 2024.
One MobiKwik Systems share price closed at Rs 528 apiece, an 89.25% premium over the issue price of Rs 279 on the National Stock Exchange on the day of listing. The stock debuted at Rs 440 apiece, at a premium of 57.71%.
Shortly after listing, foreign institutional investors, Peak XV Partners Investment Holdings III and Peak XV Partners Investment, offloaded stakes worth Rs 82 crore in the company.
The fintech posted a profit of Rs 14.1 crore in financial year 2024, as compared to a loss of Rs 83.8 crore in fiscal 2023. It posted a revenue from operations at Rs 875 crore in FY24 versus Rs 540 crore in fiscal 2023. The improved performance came with a better Ebitda profit of Rs 37.2 crore, compared to an Ebitda loss of Rs 55.9 crore.
One MobiKwik Systems share price rose 7.09% to Rs 600.90 apiece. It was trading 2.26% higher at Rs 573.80 apiece as of 11:38 a.m., as compared to 0.60% advance in the NSE Nifty 50 index.
The stock has gained 8.67% since its listing in mid December. Total traded volume so far in the day stood at 0.6 times its 30-day average. The relative strength index was at 56.35.
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