A leading digital payments platform showcases remarkable growth with a 42.86% surge in operational revenue, reaching Rs 290.65 crore in Q2 FY25. The company’s performance highlights significant strides in their payments division, with a 267.3% year-over-year GMV increase while successfully reducing losses by 45% compared to the previous period.
Share Price Movement
The share price of One Mobikwik Systems Limited hit an intraday high of 13.7 percent to Rs. 637.80 per share on Tuesday, an increase from its previous close of Rs. 561.10 per share. The market capitalisation now stands at approximately Rs. 2,982 crore as of January 07, 2025.
What’s Driving Share Price?
Mobikwik reported a 42.86% YoY increase in revenue from operations, reaching Rs. 290.65 crore in Q2 FY25, compared to Rs. 203.45 crore in Q2 FY24. Payments GMV surged 267.3% YoY during the quarter. The company reduced its loss to Rs. 3.6 crore in H1 FY25, marking a 45% improvement from the Rs. 6.61 crore loss in H2 FY24. These factors collectively signal a positive outlook for the company, paving the way for a promising future.
Financial Highlights
According to its recent filing, in the quarter ending September 2024, One Mobikwik Systems’s consolidated revenue from operations has increased by 42.86 percent YOY from Rs. 203.45 crore in Q2 FY24 to Rs. 290.65 crore in Q2 FY25 and decreased by 15.08 percent QoQ from Rs. 342.27 crore in Q4 FY24.
The company’s consolidated net profit has turned to a loss from Rs. 5.23 crore in Q2 FY24 to a loss of Rs. 3.59 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net loss narrowed by 9.14 percent QoQ from a loss of Rs. 6.62 crore.
The average price-to-earnings (P/E) ratio in the e-commerce industry is 47.75 which is less than One Mobikwik Systems’s current P/E ratio of 335.
Market Outlook
India’s consumer internet economy is projected to exceed USD 600 billion by 2028, driven by rapid internet adoption and smartphone penetration. With 650 million smartphone users in 2023, this figure is expected to surpass 1 billion within five years. Key sectors like online retail, fintech, edtech, and gaming fuel this growth.
Digitisation has transformed MSMEs, helping them reduce costs and access new markets. India’s thriving internet economy offers significant opportunities for businesses to leverage its expanding digital ecosystem.
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Shareholding Pattern
As of the September 2024 shareholding pattern, One Mobikwik Systems Limited is primarily held by the public at 51.52 percent, foreign institutional investors hold 9.01 percent, and the promoters with 25.18 percent.
About Company
MobiKwik, founded in 2009 and based in Gurugram, India, is a leading digital banking platform. It serves over 161 million users and connects with 4.3 million merchants for easy transactions like utility bill payments and online shopping. Their mission is to make financial services accessible to a billion Indians using advanced technologies.
MobiKwik offers various financial products, including payment solutions, digital credit, and wealth management. Since 2018, it has pre-approved credit lines for 40 million users and introduced investment solutions in FY23 to promote financial independence. With a focus on innovation and convenience, MobiKwik continues to revolutionise digital finance in India.
Written By Fazal Ul Vahab C H
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