Latest news with #OneMobikwik
&w=3840&q=100)
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
02-05-2025
- Business
- Time of India
One MobiKwik shares in focus after subsidiary gets RBI nod to operate as an online payment aggregator
Live Events One Mobikwik share price performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The shares of One MobiKwik Systems are likely to be in focus on Friday after its wholly owned subsidiary, Zaak ePayment Services , secured final regulatory approval from the Reserve Bank of India ( RBI ) to operate as an Online Payment Aggregator 'Zaak ePayment Services Private Limited (Zaakpay), a wholly owned subsidiary of One MobiKwik Systems Limited (MobiKwik), has received the Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (PA/PG),' the company said in an exchange RBI's Certificate of Authorisation grants Zaakpay the ability to offer seamless payment acceptance solutions for businesses across various modes, including Credit and Debit Cards, Net Banking, UPI, Wallets, Pay Later, and EMIs. This positions Mobikwik to deepen its footprint in the fast-growing B2B digital payments a B2B payments arm of Mobikwik, serves enterprise clients in sectors such as transit, e-commerce, digital lending, healthcare, and bill payments. The company has recently focused on revamping its gateway business and launching new 2024, it partnered with Meta's WhatsApp for Business to launch Conversational Commerce for the transit and healthcare sectors. It also introduced affordability options like card EMIs at e-commerce checkouts and enabled instant daily settlements for enterprise per the BSE Analytics data, One Mobikwik Systems' shares have seen a Year-To-Date (YTD) decline of 58.23%, while the 3-month change stands at -39.37%. Over the past 1 month, the stock has dropped by 17.14%.The shares of One Mobikwik closed 3.14% lower at Rs 252.60 on the BSE on Wednesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
