Shares of One Mobikwik Systems will be in the spotlight on Tuesday as the fintech company is set to announce its first quarterly earnings since its listing on December 18, 2024.
The company reported a consolidated revenue of ₹875 crore in FY24, reflecting a 62% growth year-on-year. It also achieved a net profit of ₹14 crore in FY24, reversing a loss of ₹84 crore in FY23.
Mobikwik stock debuted on the BSE at ₹442.25, a 58.5% premium over its issue price of ₹279. The stock closed at ₹561.10 on Monday, marking a decline of ₹6.94% in its previous session.
Founded in 2008, Mobikwik operates a dual-sided payments platform catering to over 161 million registered users and 4.26 million merchants as of June 2024. The company offers services across digital payments, credit, and investment products. It holds a 23.11% market share in the PPI wallet segment by gross transaction value as of May 2024, making it India’s largest wallet player.
The ₹572 crore IPO of Mobikwik was highly subscribed 119 times, reflecting strong investor interest driven by its profitability and the growing digital payments sector. Funds raised are earmarked for expanding financial services, advancing AI and machine learning capabilities, and improving payment device infrastructure.
Prominent investors such as Bajaj Finance (10.27% stake), Abu Dhabi Investment Authority (2.14%), and American Express (1.34%) hold significant stakes in the company. Analysts have noted Mobikwik’s shift to profitability as a positive sign, although maintaining momentum in a competitive fintech market will be crucial.
ONE MOBIKWIK SYSTEMS LTD Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Mon, Jan 6 2025
|
₹601.60
|
₹561.10
|
-6.54%
|
|
Fri, Jan 3 2025
|
₹618.90
|
₹600.35
|
-2.51%
|
|
Thu, Jan 2 2025
|
₹620.00
|
₹615.80
|
|
|
Wed, Jan 1 2025
|
₹595.55
|
₹605.10
|
|
|
Tue, Dec 31 2024
|
₹593.00
|
₹586.15
|
-3.00%
|
|
Mon, Dec 30 2024
|
₹629.90
|
₹604.30
|
-3.74%
|
|
Fri, Dec 27 2024
|
₹625.00
|
₹627.80
|
-1.70%
|
|
Thu, Dec 26 2024
|
₹595.00
|
₹638.65
|
|
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