Latest news with #OneMobiKwikSystems
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.
Economic Times
17-07-2025
- Business
- Economic Times
MobiKwik shares down 61% from peak, charts hint at upside till Rs 300. Should you buy?
Shares of One MobiKwik Systems, the parent company of digital payments platform MobiKwik, have staged an 11% rebound over the past week, offering a brief respite after a punishing 61% slide from their peak. But as the stock hovers near Rs 273, analysts and technical signals suggest its short-term rebound may soon run into stiff resistance, and the real test lies just ahead, at Rs 300. ADVERTISEMENT Analysts say the near-term momentum appears constructive but caution that key resistance levels around Rs 300 could prove difficult to breach unless backed by sustained buying and stronger fundamentals. 'Despite the price rising nearly 19% from the low of 229.30 made on 19th June, 2025, the overall trend is still down,' said Sudeep Shah, Head of technical and derivatives research at SBI Securities, adding that "the stock is yet to give a successful close above its previous swing high,' and continues to post 'lower highs,' signalling that the broader trend has not yet reversed. Shah highlighted the Rs 228–231 zone as a strong support base, tested thrice over the past four months. 'To confirm this as a triple bottom reversal, the price needs to move up even higher and give a strong close above 300 levels,' he the stock is currently trading above five of its six key simple moving averages, from 5-day to 50-day, it remains below the 100-day SMA. The MACD stands at -1.4 and the Relative Strength Index (RSI) is at 59.7, just shy of the 60 mark often used to confirm momentum strength.'Whether the short-term bounce will sustain or the selling pressure might continue will depend on how the price behaves around its resistance zone of 300–305,' Shah said. 'Follow-up buying from these levels can drive the price further up while selling pressure around these zones can lead to price moving downwards again.' ADVERTISEMENT Ajit Mishra, SVP Research at Religare Broking, said MobiKwik is 'showing early signs of base formation after a prolonged downtrend,' with prices holding above short-term moving averages. However, the stock still trades below the 50-day and 200-day EMAs and the MACD remains negative, indicators of weak momentum. ADVERTISEMENT 'RSI at 53.7 points to early accumulation or consolidation rather than overbought conditions,' Mishra said. 'A breakout above Rs 295 with strong volume could pave the way for a medium-term move toward Rs 340, with a major hurdle at Rs 355.'Still, Mishra cautioned that 'the recent bounce appears tentative and may face selling pressure near resistance unless sustained buying emerges.' ADVERTISEMENT Kalp Jain, Research Analyst at INVasset PMS, said that while the stock has 'staged a short-term rebound of around 12% from recent lows,' the overall trend 'remains fragile.''The stock continues to trade well below key moving averages and its post-listing highs — a clear sign that market confidence hasn't fully returned,' Jain said, though he noted 'early signals of base formation are emerging.' ADVERTISEMENT With the stock closing above a prior resistance zone of Rs 268, Jain sees 'an encouraging technical development,' opening up a possible move toward Rs 282–288. 'A decisive close above Rs 288, supported by strong volumes, would be the first clear signal of a potential trend reversal.'But he remains cautious. 'The recent bounce in MobiKwik appears more like a short-covering rally than the start of a sustained uptrend,' Jain said, adding that without a breakout above Rs 288 and follow-through momentum, the rally 'may struggle to hold.'The stock's prolonged selloff has been exacerbated by weak operating performance. In Q4 FY25, MobiKwik reported a net loss of Rs 56.03 crore, widening sharply from Rs 67 lakh a year ago. Revenue rose just 2.6% year-on-year to Rs 278 crore, despite a 2.3x jump in payments GMV to Rs 3.31 lakh crore. EBITDA loss for the quarter stood at Rs 45.8 FY25, total income rose 34% year-on-year to Rs 119.2 crore, driven by a 142% increase in payments revenue. However, contribution margins remained low at 30% due to the revenue mix being heavily tilted toward payments. Revenue from financial product distribution declined amid sector-wide lending said that while the company trades at 3.3x book, 'such a premium is typically reserved for businesses with strong return ratios, steady cash flows, or clear visibility on profitability,' none of which currently apply to added that 'without meaningful traction in financial services, MobiKwik stays overly reliant on payment volumes, which offer limited operating leverage.' The street, Jain said, remains cautious due to the 'absence of consistent operating leverage and the persistence of EBITDA losses.'While some short-term indicators have turned positive, with the stock now trading above its 5-day to 50-day SMAs and the RSI nearing 60, analysts agree that Rs 300–305 remains a critical resistance Shah of SBI Securities pointed out that this zone has repeatedly capped past rallies and coincides with the 100-day exponential moving average. 'The price needs to give a close above its previous highs first and then show signs of follow-up buying supported by a rise in volumes and improving momentum indicators and oscillators,' he said. Until then, he advises investors to adopt a 'wait and watch approach.'Shah also noted that while the RSI has crossed 60 for the first time since January, indicating strengthening momentum, 'until the price doesn't give a strong close above its resistance zones, i.e. 300–305, it is difficult to call this pullback a reversal yet.'Ajit Mishra echoed a similar view, with Rs 295 identified as a near-term ceiling. 'A breakout above Rs 295 with strong volume could pave the way for a medium-term move toward Rs 340,' he Jain agreed that this range is pivotal. 'A clean breakout above Rs 288 could extend the upside toward Rs 310,' he said, but such a move would require 'both fundamental traction and broader market support.'Until this level is convincingly crossed, analysts believe the current rally is more likely to be seen as a technical bounce than the beginning of a sustained reversal. Also read | Mobikwik's net loss widens to Rs 55 crore as revenue growth remains flat (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
