Latest news with #Gurgaon-headquartered
Mint
01-08-2025
- Business
- Mint
One MobiKwik Systems Q1 loss widens to ₹42 cr; revenue declines 20.7% to ₹271 cr
New Delhi, Aug 1 (PTI) Fintech firm One MobiKwik Systems has reported its consolidated loss widening to ₹ 41.9 crore in the June quarter, compared to a loss of ₹ 6.6 crore in the same period last year. The Gurgaon-headquartered firm's revenue from operations stood at ₹ 271.3 crore, a 20.7 per cent decline from ₹ 342.2 crore in Q1 FY25, as per a regulatory filing. Seen sequentially, losses narrowed from ₹ 56 crore in Q4 FY25, while revenue saw an uptick of 1.3 per cent. Total expenses were at ₹ 312.8 crore during the first quarter of FY26, compared with ₹ 343.6 crore in the same period last year. Payment gateway costs grew to ₹ 142.8 crore, up from ₹ 127.6 crore, while employee benefit expenses stood at ₹ 41.9 crore, reflecting a modest increase from ₹ 39.1 crore in the year-ago quarter. The company, which concluded its IPO during the quarter ended December 31, 2024, stated that it has utilised ₹ 214 crore of its net IPO funds as of June 30, 2025, out of a total corpus of ₹ 530.5 crore. The proceeds were used towards funding organic growth in financial services business ( ₹ 45.9 crore), funding organic growth in payment services business ( ₹ 69.9 crore), R&D in data, machine learning, artificial intelligence, product and technology ( ₹ 30.8 crore), capital expenditure payment devices business ( ₹ 2.4 crore), and general corporate purposes. MobiKwik said it recorded the "highest-ever" quarterly payments GMV (Gross Merchandise Value) in Q1 FY26 at ₹ 38,388.2 crore. The company's user base stood at 180.2 million and merchant base at 4.64 Mn in Q1 FY26.
Time of India
01-08-2025
- Business
- Time of India
One MobiKwik Systems Q1 Results: loss widens to Rs 42 crore; revenue declines 21% YoY
Fintech firm One MobiKwik Systems has reported its consolidated loss widening to Rs 41.9 crore in the June quarter, compared to a loss of Rs 6.6 crore in the same period last year. The Gurgaon-headquartered firm's revenue from operations stood at Rs 271.3 crore, a 20.7 per cent decline from Rs 342.2 crore in Q1 FY25, as per a regulatory filing. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Design Thinking Cybersecurity Data Science Artificial Intelligence MBA Leadership Finance Digital Marketing Project Management Data Analytics others MCA CXO Product Management Degree Others Technology PGDM healthcare Operations Management Healthcare Data Science Management Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World Undo Seen sequentially, losses narrowed from Rs 56 crore in Q4 FY25, while revenue saw an uptick of 1.3 per cent. Total expenses were at Rs 312.8 crore during the first quarter of FY26, compared with Rs 343.6 crore in the same period last year. Payment gateway costs grew to Rs 142.8 crore, up from Rs 127.6 crore, while employee benefit expenses stood at Rs 41.9 crore, reflecting a modest increase from Rs 39.1 crore in the year-ago quarter. The company, which concluded its IPO during the quarter ended December 31, 2024, stated that it has utilised Rs 214 crore of its net IPO funds as of June 30, 2025, out of a total corpus of Rs 530.5 crore. Live Events The proceeds were used towards funding organic growth in financial services business (Rs 45.9 crore), funding organic growth in payment services business (Rs 69.9 crore), R&D in data, machine learning, artificial intelligence, product and technology (Rs 30.8 crore), capital expenditure payment devices business (Rs 2.4 crore), and general corporate purposes. MobiKwik said it recorded the "highest-ever" quarterly payments GMV ( Gross Merchandise Value ) in Q1 FY26 at Rs 38,388.2 crore. The company's user base stood at 180.2 million and merchant base at 4.64 Mn in Q1 FY26. "We are pleased with the consistent progress across our core business. Payments demonstrated strong growth, and Financial Services recovered, resulting in an improved Q1 EBITDA, which reinforces our path to profitability. We remain focused on driving operating leverage and building for long-term value creation," said Upasana Taku, Executive Director, Co-founder and CFO, One MobiKwik Systems Ltd. PTI
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Business Standard
01-08-2025
- Business
- Business Standard
One MobiKwik Q1 loss widens to ₹42 cr as revenue falls 20.7% to ₹271 cr
Fintech firm One MobiKwik Systems has reported its consolidated loss widening to Rs 41.9 crore in the June quarter, compared to a loss of Rs 6.6 crore in the same period last year. The Gurgaon-headquartered firm's revenue from operations stood at Rs 271.3 crore, a 20.7 per cent decline from Rs 342.2 crore in Q1 FY25, as per a regulatory filing. Seen sequentially, losses narrowed from Rs 56 crore in Q4 FY25, while revenue saw an uptick of 1.3 per cent. Total expenses were at Rs 312.8 crore during the first quarter of FY26, compared with Rs 343.6 crore in the same period last year. Payment gateway costs grew to Rs 142.8 crore, up from Rs 127.6 crore, while employee benefit expenses stood at Rs 41.9 crore, reflecting a modest increase from Rs 39.1 crore in the year-ago quarter. The company, which concluded its IPO during the quarter ended December 31, 2024, stated that it has utilised Rs 214 crore of its net IPO funds as of June 30, 2025, out of a total corpus of Rs 530.5 crore. The proceeds were used towards funding organic growth in financial services business (Rs 45.9 crore), funding organic growth in payment services business (Rs 69.9 crore), R&D in data, machine learning, artificial intelligence, product and technology (Rs 30.8 crore), capital expenditure payment devices business (Rs 2.4 crore), and general corporate purposes. MobiKwik said it recorded the "highest-ever" quarterly payments GMV (Gross Merchandise Value) in Q1 FY26 at Rs 38,388.2 crore. The company's user base stood at 180.2 million and merchant base at 4.64 Mn in Q1 FY26. "We are pleased with the consistent progress across our core business. Payments demonstrated strong growth, and Financial Services recovered, resulting in an improved Q1 EBITDA, which reinforces our path to profitability. We remain focused on driving operating leverage and building for long-term value creation," said Upasana Taku, Executive Director, Co-founder and CFO, One MobiKwik Systems Ltd.
Mint
01-08-2025
- Business
- Mint
One MobiKwik Systems Q1 loss widens to ₹42 cr; revenue declines 20.7% to ₹271 cr
New Delhi, Aug 1 (PTI) Fintech firm One MobiKwik Systems has reported its consolidated loss widening to ₹ 41.9 crore in the June quarter, compared to a loss of ₹ 6.6 crore in the same period last year. The Gurgaon-headquartered firm's revenue from operations stood at ₹ 271.3 crore, a 20.7 per cent decline from ₹ 342.2 crore in Q1 FY25, as per a regulatory filing. Seen sequentially, losses narrowed from ₹ 56 crore in Q4 FY25, while revenue saw an uptick of 1.3 per cent. Total expenses were at ₹ 312.8 crore during the first quarter of FY26, compared with ₹ 343.6 crore in the same period last year. Payment gateway costs grew to ₹ 142.8 crore, up from ₹ 127.6 crore, while employee benefit expenses stood at ₹ 41.9 crore, reflecting a modest increase from ₹ 39.1 crore in the year-ago quarter. The company, which concluded its IPO during the quarter ended December 31, 2024, stated that it has utilised ₹ 214 crore of its net IPO funds as of June 30, 2025, out of a total corpus of ₹ 530.5 crore. The proceeds were used towards funding organic growth in financial services business ( ₹ 45.9 crore), funding organic growth in payment services business ( ₹ 69.9 crore), R&D in data, machine learning, artificial intelligence, product and technology ( ₹ 30.8 crore), capital expenditure payment devices business ( ₹ 2.4 crore), and general corporate purposes. MobiKwik said it recorded the "highest-ever" quarterly payments GMV (Gross Merchandise Value) in Q1 FY26 at ₹ 38,388.2 crore. The company's user base stood at 180.2 million and merchant base at 4.64 Mn in Q1 FY26. "We are pleased with the consistent progress across our core business. Payments demonstrated strong growth, and Financial Services recovered, resulting in an improved Q1 EBITDA, which reinforces our path to profitability. We remain focused on driving operating leverage and building for long-term value creation," said Upasana Taku, Executive Director, Co-founder and CFO, One MobiKwik Systems Ltd.
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Business Standard
04-07-2025
- Business
- Business Standard
AVPL International announces $1 mn R&D investment for defence drones
Drone manufacturing and training firm AVPL International on Friday announced an investment of $ 1 million (about Rs 8.5 crore) towards research and development of defence drones. in April 2025, the company committed $ 12 million to drone training and manufacturing. The new investment aims to accelerate the indigenous development of advanced unmanned aerial systems (UAS) tailored for India's defence, homeland security, and dual-purpose applications, according to a company statement. "The investment focuses on addressing critical gaps in India's drone ecosystem, such as reducing dependence on imported components, developing intelligent drones with advanced swarm autonomy, and creating indigenous counter-UAS capabilities to protect critical assets. "AVPL's efforts also include high-altitude platforms capable of sustained flight in extreme terrains, with specific attention to the Himalayan region," it said. Particular focus will be given on upskilling ex-servicemen and Agniveers by providing them with drone training, utilising their combat experience and logistical skills to develop a strong national pool of UAV professionals, the Gurgaon-headquartered firm said. AVPL deals in drone technology, precision agriculture, geospatial intelligence, defense, and other drone-based solutions such as mapping, scanning, and surveillance. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
