One MobiKwik Systems (MOBIKWIK) H2 23/24 earnings summary

Executive summary

• Achieved a profit after tax of INR 140.79 million for FY24, reversing prior year losses and improving net worth to INR 1,625.89 million.

• Revenue from operations grew to INR 8,750.03 million, up from INR 5,394.67 million year-over-year, driven by both financial and payment services.

• Positive working capital position of INR 521.45 million and cash and cash equivalents of INR 928.53 million as of March 31, 2024.

• Management expects continued operational growth and efficiency improvements, supporting the going concern assumption.

Financial highlights

• Revenue from operations increased 62% year-over-year to INR 8,750.03 million.

• EBITDA for FY24 was INR 372.20 million, compared to a negative EBITDA of INR 559.20 million in FY23.

• Net profit for FY24 was INR 140.79 million, compared to a net loss of INR 838.14 million in FY23.

• Basic and diluted EPS for FY24 were INR 2.46 and INR 2.38, respectively, versus negative EPS in the prior year.

• Cash flow from operations was negative at INR (220.66) million, down from positive INR 270.13 million in FY23.

Outlook and guidance

• Management projects further growth in operations and ongoing improvements in operational efficiency.

• The group expects to maintain a positive working capital and cash position, supporting future expansion.