Summary

One Mobikwik Systems Ltd. (MobiKwik), India's largest digital wallet, announced its earnings results for the quarter and full year ended March 31, 2025. The Company has reported exponential growth in its Payments GMV, underpinned by robust user adoption, innovative product offerings, and an expanded merchant network.

Key Highlights

1. 1

   Payments GMV for FY25: INR 1,159 Bn, up 203% YoY

2. 2

   Payment Gross margin: over 20%

3. 3

   Total Income for FY25: INR 11,925 Mn, up 34% YoY

4. 4

   Contribution margin (CM): 30%

5. 5

   EBITDA: Loss of -6.7%

6. 6

   User base: 176.4 Mn with 4.4 Mn new users added in Q4FY25

7. 7

   Merchant base: 4.59 Mn with 76K new merchants added in Q4FY25

8. 8

   Payments GMV in Q4FY25: INR 331 Bn, up 2.3x YoY

9. 9

   Payments revenue in Q4FY25: INR 2,116 Mn, up 2x YoY

10. 10

    Payments Gross Margin in Q4FY25: 24%

11. 11

    Total Income in Q4FY25: INR 2,785 Mn, up 2.6% from Q4FY24

12. 12

    EBITDA in Q4FY25: loss of INR 458 Mn

13. 13

    Fixed cost reduction in Q4FY25: 5.4%