Latest news with #OneMobikwikSystems
Time of India
a day ago
- Business
- Time of India
Mobikwik shares slide 6% as Net1 Applied Technologies likely sells 9% stake sale via block deal
Live Events One Mobikwik Systems shares price target (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of One Mobikwik Systems slid 6.2% to their day's low of Rs 230.65 on the BSE on Thursday after 69.76 lakh shares or 8.98% of the company's equity reportedly changed hands via a block deal According to CNBC-TV18 reports, Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, is the likely seller in the suggest that the deal is valued at approximately Rs 161.20 crore and took place at a price of Rs 231 per the official parties to the transaction and other details are not yet had invested $40 million (approximately Rs 268 crore) in Mobikwik in 2016 as part of a strategic partnership aimed at integrating its virtual card technology with the Indian digital payments planned stake sale comes as Mobikwik undertakes a series of strategic moves. In March 2025, the company entered the stockbroking space by launching Mobikwik Securities Broking Private made a strong debut on the stock exchanges earlier this year, listing at a 58% premium to its IPO price of Rs 279. However, the stock has since declined over 60% from its post-listing high of Rs month, the company reported its March quarter results — its second earnings report since net loss widened significantly to Rs 56 crore in Q4, compared to a net loss of just Rs 67 lakh in the same quarter last year. Revenue rose 2.6% year-on-year, while Payments GMV surged 2.3 times compared to the year-ago period. However, EBITDA stood at a negative Rs 45.8 crore due to lower contribution to Trendlyne, the average target price for Mobikwik shares is Rs 500, implying an upside potential of around 104%. One analyst currently has a 'Strong Buy' rating on the a technical perspective, the Relative Strength Index (RSI) stands at 40.5, indicating the stock is in neutral territory. The Moving Average Convergence Divergence (MACD) is at -4.4, below both the signal and center lines — a sign of bearish momentum.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
a day ago
- Business
- Economic Times
Mobikwik shares slide 6% as Net1 Applied Technologies likely sells 9% stake sale via block deal
Shares of One Mobikwik Systems slid 6.2% to their day's low of Rs 230.65 on the BSE on Thursday after 69.76 lakh shares or 8.98% of the company's equity reportedly changed hands via a block deal. ADVERTISEMENT According to CNBC-TV18 reports, Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, is the likely seller in the transaction. Reports suggest that the deal is valued at approximately Rs 161.20 crore and took place at a price of Rs 231 per share. However, the official parties to the transaction and other details are not yet known. Net1 had invested $40 million (approximately Rs 268 crore) in Mobikwik in 2016 as part of a strategic partnership aimed at integrating its virtual card technology with the Indian digital payments platform. This planned stake sale comes as Mobikwik undertakes a series of strategic moves. In March 2025, the company entered the stockbroking space by launching Mobikwik Securities Broking Private Ltd. ADVERTISEMENT Also Read: HDB Financial Services IPO: Should you subscribe? Here's what brokerages say Mobikwik made a strong debut on the stock exchanges earlier this year, listing at a 58% premium to its IPO price of Rs 279. However, the stock has since declined over 60% from its post-listing high of Rs 698. ADVERTISEMENT Last month, the company reported its March quarter results — its second earnings report since net loss widened significantly to Rs 56 crore in Q4, compared to a net loss of just Rs 67 lakh in the same quarter last year. Revenue rose 2.6% year-on-year, while Payments GMV surged 2.3 times compared to the year-ago period. However, EBITDA stood at a negative Rs 45.8 crore due to lower contribution margins. ADVERTISEMENT Also Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? According to Trendlyne, the average target price for Mobikwik shares is Rs 500, implying an upside potential of around 104%. One analyst currently has a 'Strong Buy' rating on the a technical perspective, the Relative Strength Index (RSI) stands at 40.5, indicating the stock is in neutral territory. The Moving Average Convergence Divergence (MACD) is at -4.4, below both the signal and center lines — a sign of bearish momentum. ADVERTISEMENT (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)
Business Standard
20-05-2025
- Business
- Business Standard
One Mobikwik Systems reports consolidated net loss of Rs 56.04 crore in the March 2025 quarter
Sales rise 1.06% to Rs 267.78 crore Net Loss of One Mobikwik Systems reported to Rs 56.04 crore in the quarter ended March 2025 as against net loss of Rs 0.67 crore during the previous quarter ended March 2024. Sales rose 1.06% to Rs 267.78 crore in the quarter ended March 2025 as against Rs 264.98 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 121.53 crore in the year ended March 2025 as against net profit of Rs 14.08 crore during the previous year ended March 2024. Sales rose 33.73% to Rs 1170.17 crore in the year ended March 2025 as against Rs 875.00 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 267.78264.98 1 1170.17875.00 34 OPM % -21.10-0.27 - -8.692.50 - PBDT -52.420.66 PL -106.7018.40 PL PBT -56.71-0.64 -8761 -119.5614.08 PL NP -56.04-0.67 -8264 -121.5314.08 PL
