One Mobikwik Systems Ltd

MobiKwik's 9M FY25 Revenue Surpasses Full-Year FY24 📈

- Platform scale: 172 million users (adding ~5M per quarter) and nearly 5 million merchants (adding 100k-150k per quarter)

- 9-month FY25 revenue exceeded full-year FY24 revenue

- Revenue mix: 73% from payments vs 27% from financial services distribution in 9M FY25

- 3x increase in payments GMV

- EBITDA for 9M FY25 was ₹33 crores

- Gross margin of 19%

- Fixed costs held steady at ~₹111-115 crores per quarter

- Focus on growth products: Pocket UPI with expected ~1% MDR and RuPay co-branded credit card in beta