Fintech firm One MobiKwik Systems has reported its consolidated loss widening to Rs 41.9 crore in the June quarter, compared to a loss of Rs 6.6 crore in the same period last year. The Gurgaon-headquartered firm's revenue from operations stood at Rs 271.3 crore, a 20.7 per cent decline from Rs 342.2 crore in Q1 FY25, as per a regulatory filing. Seen sequentially, losses narrowed from Rs 56 crore in Q4 FY25, while revenue saw an uptick of 1.3 per cent. Total expenses were at Rs 312.8 crore during the first quarter of FY26, compared with Rs 343.6 crore in the same period last year. Payment gateway costs grew to Rs 142.8 crore, up from Rs 127.6 crore, while employee benefit expenses stood at Rs 41.9 crore, reflecting a modest increase from Rs 39.1 crore in the year-ago quarter. The company, which concluded its IPO during the quarter ended December 31, 2024, stated that it has utilised Rs 214 crore of its net IPO funds as of June 30, 2025, out of a total corpus of Rs 530.5 crore. The
Shares of One MobiKwik rose after its wholly-owned subsidiary, Mobikwik Securities Broking (MSBPL), secured regulatory approval from the Sebi to operate as a Stock Broker & Clearing Member.
MobiKwik Securities Broking (MSBPL), a subsidiary of MobiKwik, receives SEBI approval to act as a stock broker and clearing member, strengthening its position in the capital markets ecosystem.
Saurabh Dwivedi joins as CTO to head payments, financial services, platform and InfoSec as MobiKwik focuses on AI-led tech; Dhruv Wadhera elevated to SVP
Mobikwik share price slipped 6 per cent in trade after 6.8 million shares changed hands through block deal. However, the stock recovered later and was up nearly 2 per cent
For the full FY25, the Gurugram-based company recorded a loss of Rs 121.5 crore
Mobikwik shares slipped 6 per cent after its consolidated net loss for the quarter stood at ₹56.037 crore as compared to a loss of ₹0.67 crore year-on-year (Y-o-Y)
MobiKwik Co-Founder Upasana Taku says India's fintech sector holds vast growth potential, with innovation, inclusion, and diversification driving the next decade
The company plans to become a member of various stock and commodity exchanges in the country and abroad
The Ministry of Corporate Affairs approved the incorporation of Mobikwik Securities Broking Private Limited, a wholly-owned subsidiary of the company, on March 03, 2025
Till 11:51 AM; a combined equity shares worth of Rs 1,398 crore changed hands on the NSE and BSE in today's trading session, the exchange data shows.
By 11:30 AM, over 0.81 million shares worth Rs 21.27 crore were traded on the BSE, while the National Stock Exchange (NSE) saw over 13.53 million shares worth Rs 355.92 crore change hands
According to market experts, the decline in newly listed stocks is a concern, as anchor investors may look to liquidate their holdings given the changing market dynamics
Thus far in the calendar year 2025, BSE IPO index has underperformed the market by falling 22 per cent, as compared to 5.4 per cent decline in the BSE Sensex.
The shares have declined nearly 43 per cent since their listing in December last year
Of the 26 recently-listed IPOs, as many as 21 stocks were trading below their respective issue price on the BSE in Thursday's intra-day trade.
Concord Enviro, DAM Capital, Godavari Bio, JNK India, One Mobikwik, Stallion India and Unicommerce saw their market value decline between 47% - 64%, from respective 52-week highs.
The aggregate shareholding of the Gurugram-based listed firm in the platform is expected to grow to 6.79 per cent after the deal
Fintech firm to discontinue small-ticket lending product and focus on long-tenure products
The company reported a consolidated net loss to Rs 55.28 crore as compared to a profit of Rs 5.27 crore a year ago