One Mobikwik Systems Limited has informed the Exchange about Investor Presentation
MOBIKWIK · price
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Awaiting price reaction for this filing.
One Mobikwik filed its FY25 earnings presentation with the exchanges. Total income grew 34% YoY to ₹11,925 Mn, driven by a 142% surge in Payments revenue to ₹7,674 Mn and Payments GMV jumping 203% to ₹11.59 lakh crore. The user base reached 176.4 million with 4.6 million merchants. However, the company slipped back into losses with an EBITDA of -₹794 Mn (margin -6.7%) versus a profit of ₹372 Mn in FY24, and PAT of -₹1,215 Mn. Financial Services revenue fell 28% as the ZIP product was paused due to weak lender appetite, compressing overall contribution margins. Management highlighted a 5.4% QoQ fixed cost reduction in Q4FY25 and guided for operating leverage, margin revival, and growth recovery in Financial Services post Q2FY26, supported by new products like Pocket UPI and an FD-backed RuPay credit card.
Short-term sentiment may be negative as the company returned to losses with shrinking Financial Services revenue. However, the strong Payments GMV growth, improving Payments gross margin (19.7% for FY25, 23.9% in Q4), cost reduction trends, and management's guidance for profitability recovery could support a longer-term positive view.