One MobiKwik Systems (MOBIKWIK) Q4 20/21 earnings summary

Executive summary

• FY21 consolidated revenue fell to ₹2,885.71 million from ₹3,556.75 million; net loss widened to ₹1,113.00 million from ₹999.20 million.

• Countrywide COVID-19 lockdowns were cited alongside lower total income; operating EBITDA was negative ₹1,018.14 million versus negative ₹846.37 million.

Financial highlights

• Consolidated total income was ₹3,022.56 million versus ₹3,698.54 million; total expenses were ₹4,125.19 million versus ₹4,679.04 million.

• Loss before tax widened to ₹1,102.63 million from ₹980.50 million; basic and diluted loss per share was ₹22.18 versus ₹20.45.

• Operating cash flow was negative ₹345.06 million; investing cash flow was negative ₹182.52 million and financing cash flow was positive ₹725.72 million.

Outlook and guidance

• Directors expected further revenue from business operations in the near term and cited projected operational growth and efficiency improvement.

• After year-end, ₹2,073.58 million was raised from investors; management cited this funding, expected growth and bank credit limits in its going-concern assessment.