Latest news with #OneMobiKwikSystems
Hans India
20-05-2025
- Business
- Hans India
Fintech firm MobiKwik reports wider loss of Rs 56 crore in Q4
New Delhi: Fintech company MobiKwik has reported a wider consolidated loss of Rs 56.03 crore in the fourth quarter of the financial year 2024–25 (Q4 FY25), compared to a small loss of just Rs 67 lakh in the same quarter last fiscal (Q4 FY24). The company's loss also increased from Rs 55.2 crore in the previous quarter (Q3 FY25), according to its stock exchange filing. For the full financial year FY25, MobiKwik recorded a loss of Rs 121.5 crore. This is a major setback for the Gurugram-based firm, which had posted a profit of Rs 14 crore in the previous fiscal year (FY24). MobiKwik's revenue from operations in Q4 saw a slight year-on-year (YoY) growth of 1.43 per cent, rising to Rs 267.78 crore from Rs 264.98 crore in Q4 FY24. However, compared to the previous quarter, the revenue slipped by 0.6 per cent from Rs 269.47 crore. On an annual basis, the company's revenue saw a solid 33.9 per cent growth, climbing to Rs 1,192.49 crore in FY25 from Rs 890.31 crore in FY24. The company's expenses continued to rise sharply. In Q4, total expenses rose by 22 per cent YoY to Rs 324.28 crore, up from Rs 265.70 crore in a year-ago period. Sequentially, expenses also went up by 2.2 per cent from Rs 317.14 crore in Q3. For the full year, expenses surged by 49 per cent to Rs 1,271.88 crore in FY25, compared to Rs 853.09 crore in FY24. A major part of the spending came from payment gateway costs, which stood at Rs 147.05 crore in Q4. This accounted for over 45 per cent of the company's total quarterly expenditure. Despite the widening losses, MobiKwik continued to grow its user and merchant base. The company recorded 176.4 million users by the end of FY25, adding 4.4 million new customers in the fourth quarter alone. Over the full year, 20.6 million users joined the platform. On the merchant side, MobiKwik had 4.59 million merchants, with 76,000 added in Q4FY25 and 0.53 million throughout FY25. Commenting on the performance, Upasana Taku, Executive Director, Co-founder and CFO of One MobiKwik Systems, said that the payments business showed remarkable strength, growing threefold YoY. She also highlighted that the company will focus on leveraging AI in the coming year to drive revenue growth and improve margins through intelligent automation. MobiKwik shares were trading at Rs 277.3 on Tuesday, down by Rs 1.65 or 0.59 per cent on the National Stock Exchange (NSE).
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Business Standard
20-05-2025
- Business
- Business Standard
Q4 results: MobiKwik suffers Rs 56.03 cr loss, ops revenue up marginally
Fintech firm MobiKwik reported a wider consolidated loss of Rs 56.03 crore in the fourth quarter of the financial year 2024-25 (Q4FY25), compared to Rs 67 lakh in Q4FY24. The company's loss rose from Rs 55.2 crore in Q3FY25. For the full FY25, the Gurugram-based company recorded a loss of Rs 121.5 crore, as compared to a profit of Rs 14 crore in FY24. MobiKwik's revenue from operations grew by 1.43 per cent to Rs 267.78 crore in Q4FY25 from Rs 264.98 crore in Q4FY24. Sequentially, operational revenue slipped marginally by 0.6 per cent from Rs 269.47 crore in Q3FY25. However, revenue from operations for the fintech company grew 33.9 per cent for the entire FY25 to Rs 1,192.49 crore from Rs 890.31 in the previous financial year. The company's expenses rose 22 per cent on a year-on-year (Y-o-Y) basis from Rs 265.70 crore in Q4FY24 to Rs 324.28 crore in Q4FY25. Sequentially, expenses grew 2.2 per cent from Rs 317.14 crore in Q3FY25. Expenses were recorded at Rs 1271.88 crore for the entire FY25, a 49 per cent increase from Rs 853.09 crore in FY24. Payment gateway costs were the largest contributor to the company's expenditure. In Q4FY25, these expenses accounted for Rs 147.05 crore, comprising 45.3 per cent of the company's total expenditure. The company's use base was recorded at 176.4 million customers. It added 4.4 million new customers in Q4FY25. In FY25, the company added 20.6 million new users. MobiKwik has 4.59 million merchants with the company taking on board 76,000 new merchants in the fourth quarter. In FY25, it added 0.53 million new merchants in total. 'Our payments business has shown remarkable strength, growing threefold year-on-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 and chief financial officer (CFO), One MobiKwik Systems.
Time of India
20-05-2025
- Business
- Time of India
Gurgram based fintech MobiKwik Q4 result: Loss widens to Rs 56 crore despite 203% surge in GMV
One MobiKwik Systems on Tuesday announced a consolidated loss to Rs 56 crore for the quarter that ended on 31 March 2025 against just Rs 0.6 crore in the same period last year. Revenue from operations showed slight rise, inching up from Rs 264.9 crore in Q4 FY24 to Rs 267.7 crore in Q4 FY25, as per the company's regulatory filing. Tired of too many ads? go ad free now However, the Gurgaon-based firm saw a significant jump in its gross merchandise value (GMV), which surged 203% year-on-year to Rs 1,15,900 crore. The company attributed this growth to the continued expansion of its , including , UPI, Pocket UPI, and Zaakpay. 'Our Payments Business has shown remarkable strength, growing threefold year-over-year,' said the fintech firm's co-founder and CFO Upasana Taku. '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.' For the full financial year 2024–25, MobiKwik posted a loss of Rs 121.5 crore, reversing a profit of Rs 14 crore reported in FY24. Despite the bottom-line setback, revenue rose 33.7% to Rs 1,170.1 crore, largely fuelled by a 142% increase in payments revenue, which stood at Rs 767.4 crore. The company also continued to expand its user and merchant base. During the year, MobiKwik added 20.6 million new users, taking the total to 176.4 million. Its merchant network grew by 0.53 million, reaching 4.6 million by the end of FY25.
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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.
Time of India
20-05-2025
- Business
- Time of India
MobiKwik shares fall 6% as Q4 net loss widens to Rs 56 crore
Live Events MobiKwik shares price target MobiKwik shares price performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of One MobiKwik Systems fell 6.3% to Rs 262 in Tuesday's intraday trade on the BSE after the fintech company reported a sharp widening in its March quarter company posted a net loss of Rs 56.03 crore in Q4 FY25, compared to a loss of just Rs 67 lakh in the same period last year — an 83x for the quarter rose marginally by 2.6% year-on-year to Rs 278 crore, up from Rs 271 crore in Q4 FY24. The company's payments gross merchandise value (GMV) grew 2.3x YoY to Rs 3,31,000 crore, while revenue from the payments business doubled to Rs 211 this growth, MobiKwik reported an EBITDA loss of Rs 45.8 crore, citing lower contribution margins. The company said that even with reduced fixed costs, overall losses continued.'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 & the full financial year, total income rose 34% YoY to Rs 119.2 crore, led by strong growth in payments revenue, which jumped 142%. However, the company noted that the contribution margin remained low at 30%, primarily due to a higher revenue mix from the payments segment. Revenue from financial product distribution declined amid sector-wide headwinds in to Trendlyne, the average target price for One Mobikwik Systems is Rs 700, indicating a potential upside of 154% from current levels. The stock holds a 'Strong Buy' rating based on recommendations from one the stock has fallen 55%, although it has gained 14% over the past two weeks. The company's current market capitalisation stands at Rs 2,137 crore.
