The mobile wallet and digital payments company, Mobikwik, recently released its Q2FY24 earnings report, showcasing a strong and robust performance for the quarter. The report revealed impressive growth in user base and transaction volumes, as well as increased revenue and profitability.
According to the report, Mobikwik’s user base has grown significantly, with a 25% increase in registered users compared to the previous quarter. This growth can be attributed to the company’s continued focus on providing a seamless and user-friendly platform for digital payments and transactions.
In addition, Mobikwik’s transaction volumes have also seen a significant increase, with a 30% growth compared to the previous quarter. This growth can be attributed to the company’s efforts to expand its services and partnerships, providing users with more options and convenience in their digital payment needs.
Mobikwik – Robust GMV Growth Across Products
Resulting in Stellar Revenue Growth with Continuous Improvement in Profitability
The revenue and profitability of Mobikwik have also seen a positive trend, with a 20% increase in revenue compared to the previous quarter. This growth can be attributed to the company’s continued focus on providing innovative and value-added services to its users, as well as its strategic partnerships and collaborations in the digital payments space.
Overall, Mobikwik’s Q2FY24 earnings report showcases a strong and promising future for the company, as it continues to innovate and expand its services in the digital payments space.
Key Financial Projection
Geared for 4x Growth in 3 years with Healthy Margins
Mobikwik in News
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