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FINWIRES

One MobiKwik Systems Swings to Profit in Fiscal Q4; Shares Down 3%

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One MobiKwik Systems (NSE:MOBIKWIK, BOM:544305) swung to profit in the fiscal fourth quarter ended March 31 to 43.8 million Indian rupees from a loss of 560.4 million rupees a year ago.

Earnings per share came in at 0.56 rupees from a loss of 8.88 rupees a year earlier, the digital payments company said in a filing to the Indian stock exchanges on Tuesday.

Revenue from operations in fiscal Q4 rose to 2.89 billion rupees from 2.68 billion rupees a year ago.

The company's shares were down over 3% in recent trade.

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