One Mobikwik Systems Limited has informed the Exchange regarding a press release dated May 20, 2025, titled "MobiKwik delivers all-time high Payments GMV of INR 1 Lakh Crore+ (1 Tn) with best-in-class Payments Margin* of 13 bps".
MOBIKWIK · price
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Awaiting price reaction for this filing.
MobiKwik reported its FY25 results, posting an all-time high Payments GMV of INR 1,159 Billion (about ₹1.16 Lakh Crore), up 203% year-on-year. Total income grew 34% YoY to INR 11,925 Million, powered by a 142% jump in payments revenue. Despite the strong top-line, the company swung to an EBITDA loss of INR 794 Million in FY25 (vs a profit of INR 372 Million in FY24), as contribution margin slipped to 30% due to a revenue mix shift toward payments and weaker lending distribution. The user base expanded to 176.4 Million (20.6 Million added) and merchant network to 4.6 Million (0.53 Million added). Key positives included RBI approval for subsidiary Zaakpay as a Payment Aggregator/Gateway in April 2025 and a new personal loan partnership with Piramal Finance.
The record payments scale and new product launches (First Card, Pocket UPI, AI initiatives) strengthen the long-term growth story, but the FY25 EBITDA loss and weaker contribution margin may weigh on the stock near-term as investors watch for a return to profitability.