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Hans India
9 hours ago
- Business
- Hans India
MobiKwik's share price dips over 9 pc, slips below IPO price
Mumbai: Shares of One MobiKwik Systems Limited, the parent company of digital payments platform MobiKwik, fell sharply on Wednesday, dropping over 9 per cent to trade below its IPO issue price, following the expiry of the mandatory six-month lock-in period for pre-IPO shareholders. The stock slipped 9.34 per cent or Rs 25.15 to close the trading session at Rs 244.25 on the National Stock Exchange (NSE). MobiKwik had made a strong market debut late last year, listing at a 58 per cent premium over its issue price of Rs 279. However, the stock has since seen a steep fall and has now erased nearly 64 per cent of its value from its post-listing high of Rs 698. Meanwhile, in the March quarter (Q4) of FY25, MobiKwik's net loss widened significantly to Rs 56 crore, compared to just Rs 0.6 crore in the same quarter previous fiscal (Q4 FY24). On a quarter-on-quarter (QoQ) basis, its revenue from operations dipped slightly to Rs 267.7 crore from Rs 269.4 crore. The company also reported an EBITDA loss of Rs 56.5 crore, which was higher than the Rs 47.6 crore loss in the previous quarter. Despite the losses, the company highlighted strong growth in its payments business. Its Gross Merchandise Value (GMV) surged 203 per cent year-on-year (YoY) to Rs 1,15,900 crore. For the full fiscal year 2024-25, MobiKwik reported a total loss of Rs 121.5 crore, reversing from a profit of Rs 14 crore in FY24. However, its revenue grew 33.7 per cent to Rs 1,170.1 crore, which the company credited to robust growth in its payments segment. By the end of FY25, MobiKwik had 176.4 million users, with 20.6 million new users added during the year. MobiKwik offers a variety of digital payment services including the MobiKwik Wallet, UPI, Pocket UPI and Zaakpay, its payment gateway platform.
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Business Standard
20-05-2025
- Business
- Business Standard
One Mobikwik share price slips 6% on posting Q4 results; here's why
One Mobikwik share price slipped 5.9 per cent in trade, logging an intraday low at ₹262 per share on BSE. The selling pressure came after the company posted its Q4 results. At 10:10 AM, One Mobikwik shares were down 1.22 per cent at ₹275.2 per share on the BSE. In comparison, the BSE Sensex was down 0.19 per cent at 81,905.25. The market capitalisation of the company stood at ₹2,137.93 crore. The 52-week high of the stock was at ₹698.3 per share and the 52-week low of the stock was at ₹226.85 per share. One Mobikwik Q4 results The company released its fourth quarter (Q4FY25) results on Monday, after market hours. The consolidated net loss for the quarter stood at ₹56.04 crore as compared to a loss of ₹0.67 crore year-on-year (Y-o-Y). The company's revenue from operations in Q4 stood at ₹267.8 crore as against ₹265 crore a year ago, up 1.1 per cent. The company's user base stood at 176.4 million with 4.4 million new users onboarded in this quarter. Payments gross merchandise value (GMV) grew over 2.3x Y-o-Y in Q4FY25, reaching ₹33,100 crore. Earnings before interest, tax, depreciation and amortisation (Ebitda) loss was incurred at ₹45.8 crore, due to lower contribution margins, even as the fixed costs reduced Q-o-Q. ALSO READ | "Our Payments Business has shown remarkable strength, growing threefold year-over-year. Our focus for this year will be to leverage AI as a growth catalyst - to accelerate go-to-market, drive revenue growth, and expand margins through intelligent automation," said Upasana Taku, executive director, co-founder & CFO, One MobiKwik Systems. About One Mobikwik One MobiKwik Systems Ltd. (MobiKwik) is a digital wallet service that offers a wide range of payments and financial products to both consumers and merchants. The company, founded by Bipin Preet Singh and Upasana Taku in 2009, today offers various payment products such as MobiKwik Wallet, UPI, Pocket UPI, and Zaakpay (payment gateway), serving 176.4 Mn+ registered users and 4.6 Mn+ merchants. The company has expanded into the distribution of financial products ranging from credit (MobiKwik ZIP, ZIP EMI), savings & investment (Fixed Deposits, Mutual Funds, Digital Gold, and insurance products on its platform.
