Latest news with #OneMobiKwikSystemsLtd
Business Upturn
17 hours ago
- Business
- Business Upturn
MobiKwik shares surge 8% off day's lows following heavy block deal; 8.98% equity changes hands
By Aditya Bhagchandani Published on June 26, 2025, 09:42 IST Shares of One MobiKwik Systems Ltd recovered sharply on Thursday, June 26, climbing nearly 8% from intraday lows after a large block deal triggered heavy selling pressure in the morning session. The stock was last seen trading at ₹247.95 on the NSE, up almost 1% from the previous close of ₹245.55. Earlier in the day, MobiKwik shares had slipped over 6% after nearly 8.98% equity, worth approximately ₹168 crore, changed hands in a block deal. This came a day after CNBC-TV18 reported that Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa-based Net1 UEPS Technologies, was planning to offload its entire 8% stake in the company via block deals. Net1 had originally invested ₹268 crore in MobiKwik back in 2016 as part of a strategic partnership, integrating its virtual card technology into the Indian digital payments platform. Since its December 2024 stock market debut at a 58% premium to its IPO price of ₹279, MobiKwik shares had rallied to a high of ₹698 but have corrected more than 60% from those levels. The mandatory six-month lock-in period for pre-IPO shareholders ended on June 18, which further triggered selling pressure. The stock's year range now stands between ₹227.25 and ₹698.30, with the company's market capitalization at ₹19,330 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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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.
