Introduction Indian digital wallet major, MobiKwik, recently unveiled its financial results for the June quarter of 2023, setting the tone for its stellar performance in the ongoing fiscal year. The figures hint at a promising trajectory, marking significant milestones for the company. Robust Financial Growth: Highlighting a surge of 181% year-on-year, MobiKwik reported an adjusted Ebitda of Rs. 13.6 crore. It is worth noting that this is the second consecutive quarter where the company has witnessed a substantial profitable growth. The icing on the cake? MobiKwik recorded its first-ever consolidated profit during this period, ringing in at Rs. 3 crore. Revenue Uptrend The revenue figures presented by the firm stand as a testament to its growth strategy. Clocking in at Rs. 177 crore, the revenue reflects a whopping 68% year-on-year growth. To put this into perspective, the previous quarter's (March) revenue was pegged at Rs. 160 crore. Soaring Contribution Margin: Yet another impressive metric, the contribution margin skyrocketed with a 108% surge, settling at Rs. 73.9 crore for the June quarter. A comparative view paints an even brighter picture, considering that in FY22, the margin was a mere Rs. 42 crore. Fast forward to FY23, and it elevated to a staggering Rs. 169.5 crore, a year-on-year increase of nearly 304%. MobiKwik's Visionary Path: Bipin Preet Singh, co-founder & CEO of MobiKwik, expressed his optimism regarding the company's trajectory. He commented, "Our vision for FY 2023-24 is to achieve profitability in all quarters. Q1 has been a good start to the fiscal year. Our numbers are positive in all parameters, and we expect to deliver a topline growth of more than 80% for this fiscal year." Looking Forward: With such strong financial momentum, MobiKwik sets its eyes on even loftier goals. The firm aims to secure a net profit ranging between Rs. 40 to Rs. 50 crore in the ongoing year, building on its legacy of exponential growth. https://unlistedzone.com/shares/buy-sell-latest-price-mobikwik-unlisted-shares/