Net loss of One Mobikwik Systems reported to Rs 55.28 crore in the quarter ended December 2024 as against net profit of Rs 5.27 crore during the previous quarter ended December 2023. Sales rose 17.71% to Rs 269.48 crore in the quarter ended December 2024 as against Rs 228.93 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales269.48228.93 18 OPM %-17.693.66 - PBDT-49.756.24 PL PBT-53.185.19 PL NP-55.285.27 PL Powered by Capital Market - Live

One Mobikwik Systems will hold a meeting of the Board of Directors of the Company on 4 February 2025.Powered by Capital Market - Live

Through this partnership, MobiKwik users will now be able to apply for and access personal loans seamlessly via the platform. The offering is designed to cater to the diverse financial needs of individuals, whether it's managing expenses such as funding education, medical expenses, travel expenses, and other consumption purposes. Under the partnership, MobiKwik app users in India will have access to the loan amount for ZIP EMI ranging from Rs 50,000 to 2 lakh. Eligibility criteria for these loans are income exceeding Rs 25,000 and between the ages of 23 and 55, with payment tenure ranging between 6 months and 24 months. Bipin Preet Singh, co-founder and MD of MobiKwik, said, 'Our partnership with Piramal Finance marks a significant step towards addressing the credit needs of millions of Indians. By combining Piramal Finance's expertise in financial services with MobiKwik's digital platform, we are confident of creating a seamless experience for our users.' One MobiKwik Systems (MobiKwik) is India's largest digital wallet that offers a wide range of payments. The company reported consolidated net loss of Rs 3.59 crore in Q2 FY25 as compared with net profit of Rs 5.22 crore posted in Q2 FY24.Revenue from operations jumped 42.86% to Rs 290.64 crore during the quarter as compared with Rs 203.45 crore posted in the corresponding quarter last year. Shares of One MobiKwik Systems declined 1.59% to Rs 465.15 on the BSE.Powered by Capital Market - Live

 One Mobikwik Systems announced a strategic partnership with Piramal Capital & Housing Finance herein referred to as Piramal Finance. This partnership aims to provide personal loans to MobiKwik customers, enhancing access to affordable credit solutions. Through this partnership, MobiKwik users will now be able to apply for and access personal loans seamlessly via the platform. The offering is designed to cater to the diverse financial needs of individuals, whether it's managing expenses such as funding education, medical expenses, travel expenses, and other consumption purposes. This ease of access to credit is available for all MobiKwik app users pan India with the loan amount for ZIP EMI ranging from INR 50,000 to INR 2,00,000. Eligibility criteria for these loans are income exceeding INR 25,000 and between the ages of 23 and 55. The minimum tenure is 6 months and goes up to 24 months.Powered by Capital Market - Live

We Win Ltd, Welspun Investments & Commercials Ltd, Mukta Arts Ltd and Vaswani Industries Ltd are among the other losers in the BSE's 'B' group today, 15 January 2025.One Mobikwik Systems Ltd lost 12.57% to Rs 463.4 at 14:31 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 14.81 lakh shares were traded on the counter so far as against the average daily volumes of 19.04 lakh shares in the past one month.We Win Ltd tumbled 8.00% to Rs 78.2. The stock was the second biggest loser in 'B' group.On the BSE, 300 shares were traded on the counter so far as against the average daily volumes of 1299 shares in the past one month.Welspun Investments & Commercials Ltd crashed 7.73% to Rs 760. The stock was the third biggest loser in 'B' group.On the BSE, 1157 shares were traded on the counter so far as against the average daily volumes of 215 shares in the past one month.Mukta Arts Ltd corrected 6.26% to Rs 83.91. The stock was the fourth biggest loser in 'B' group.On the BSE, 992 shares were traded on the counter so far as against the average daily volumes of 3493 shares in the past one month.Vaswani Industries Ltd pared 5.51% to Rs 50.6. The stock was the fifth biggest loser in 'B' group.On the BSE, 34844 shares were traded on the counter so far as against the average daily volumes of 22451 shares in the past one month.Powered by Capital Market - Live

Revenue from operations jumped 42.86% to Rs 290.64 crore during the quarter as compared with Rs 203.45 crore posted in the corresponding quarter last year. Total income increased 42% YoY to Rs 293.66 core in Q2 FY25. Contribution margin stood at Rs 117.9 crore (up 56.2% YoY). Contribution margin as a percentage of total income grew to 40% in Q2FY25 as compared to 37% in Q2FY24 and 31% in Q1FY25. The company reported pre-tax loss of Rs 3.32 crore as against pre tax profit of Rs 5.25 crore in Q2 FY24. Total expenses increased 46.35% YoY to Rs 286.86 crore during the quarter. Payment gateway cost stood at Rs 135.65 crore (up 214.3% YoY), employee benefit expenses stood at Rs 43.59 crore (up 72.5% YoY) during the period under review. The company's EBITDA for the quarter stood at Rs 6.80 crore, registering de-growth of 37% as compared with Rs 10.8 crore in Q2 FY24. EBITDA margin fell to 2.3% in Q2 FY25 as against 5.2% in Q2 FY24. In Q2 FY24, payments GMV increased to Rs 28,275 crore, up 267.3% YoY (3.7x YoY), payments revenue increased to Rs 188.7 crore, up 181.3% YoY (2.8x YoY). The total registered user base now stands at 167 Million with an addition of around 6 Million users in Q2FY25. Upasana Taku, executive director, co-founder & CFO, of One MobiKwik Systems, said, 'We are thrilled to announce our first quarterly results post-listing, marking a significant milestone in MobiKwik's journey. The strong growth in our payments business demonstrates our ability to scale while maintaining strong contribution margins. The Company continues to work on balancing growth and profitability, by increasing market share and launching innovative products.' Shares of One MobiKwik Systems were listed on the bourses on 18 December 2024. The counter was listed at Rs 442.25, exhibiting a premium of 77.56% as compared with issue price of Rs 279. One MobiKwik Systems (MobiKwik) is India's largest digital wallet that offers a wide range of payments Powered by Capital Market - Live

One Mobikwik Systems will hold a meeting of the Board of Directors of the Company on 7 January 2025.Powered by Capital Market - Live

The scrip was listed at Rs 442.25, exhibiting a premium of 58.51% to the issue price. So far, the stock has hit a high of 524 and a low of 439.20. On the BSE, over 1.45 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of One MobiKwik Systems was subscribed 119.38 times.The issue opened for bidding on Wednesday (11 December 2024), and it closed on Friday (13 December 2024). The price band of the IPO was fixed between Rs 265 and 279 per share. The initial public offer (IPO) consisted of a fresh issue to raise Rs 572 crore through the issuance of 2.16 crore equity shares at the lower band of Rs 265 per share (face value Rs 2 per share) and 2.05 crore equity shares at the upper band of Rs 279 per share. The company plans to use Rs 150 crore from the net proceeds of the fresh issue to provide default loss guarantees (DLG) to lending partners. Starting June 2023, the DLG guidelines require lending service providers (LSPs) to offer a guarantee of up to 5% of the disbursed amounts on loan portfolios of regulated entities (RE). The company plans to allocate Rs 35 crore to pre-fund escrow and biller accounts for instant settlements to consumers and merchants, and Rs 100 crore for acquiring new consumers in the digital payments ecosystem. Additionally, Rs 27.8 crore will be used to enhance teams in data, ML, and AI, while Rs 79.2 crore will strengthen product and technology teams. The company plans to invest Rs 70.285 crore in hardware, including POS machines and sound boxes, to strengthen its network of consumers and merchants. The promoter shareholding in the company would dilute to 25.2% post-IPO from 34.2% pre-IPO. Ahead of the IPO, One Mobikwik Systems on Tuesday, 10 December 2024, raised Rs 92.25 lakh from anchor investors. The board allotted 257.40 crore shares at Rs 279 each to 21 anchor investors. MobiKwik Systems, incorporated in 2008, is a leading fintech company in the digital financial services and payments space, with a 50-50 revenue mix for Q1 FY2025. Initially launching the MobiKwik Wallet, the company has since expanded its offerings to include credit services (MobiKwik ZIP, ZIP EMI), digital payments (MobiKwik Wallet, Zaakpay, UPI), and P2P lending (MobiKwik Xtra). The company leverages big data analytics and machine learning to continuously serve users and merchants on its platform. The company's registered users grew at a CAGR of 12.31% from FY2022 to FY2024, reaching 155.84 million, and further increased to 161.03 million by June 2024. As of June 30, 2024, MobiKwik enabled 4.26 million merchants to accept payments both online and offline. It is the largest wallet player in India, holding a 23.11% market share of the PPI wallet gross transaction value (GTV). The company's Payment GMV grew at an annual rate of 45.88%, while MobiKwik ZIP GMV (disbursements) grew at 112.16% annually from FY2022 to FY2024. The firm reported a consolidated net loss of Rs 6.62 crore and income from operations of Rs 342.27 crore for the three months ended on 30 June 2024.Powered by Capital Market - Live

The equity shares of One Mobikwik Systems (Scrip Code: 544305) are listed effective 18 December 2024 and admitted to dealings on the Exchange in the list of ''B'' Group Securities.Powered by Capital Market - Live