Mumbai/IBNS, Feb. 3 -- Shares of financial technology firm MobiKwik surged 17 per cent on Tuesday after the company reported a strong rebound in the third quarter of the ongoing financial year, media reports said.

The company posted a net profit of Rs. 4 crore for the quarter, reversing a loss of Rs. 55.2 crore reported in the corresponding period last year.

Revenue for the quarter rose year-on-year to Rs. 289 crore, compared with Rs. 269.4 crore in the same period of the previous fiscal.

Operating performance also improved significantly, with EBITDA turning positive at Rs. 6.8 crore, against an EBITDA loss of Rs. 47.6 crore a year earlier.

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