MobiKwik vs Paytm: Comparing Key Financials

The ₹572.00 crore Mobikwik IPO is set to open for bidding subscription on December 11, 2024, and closes on December 13, 2024. In addition, Mobikwik IPO allotment is likely to be finalised on December 16, 2024. Mobikwik IPO will be listed on BSE and NSE with a tentative listing date of December 18, 2024. But wait, ahead of this Gurugram-based fintech player IPO, let’s compare its key performance indicators (KPIs) with the already listed player, Paytm or One97 Communications Limited.

MobiKwik vs Paytm Financials

MobiKwik (One Mobikwik Systems Limited) achieved a major milestone by becoming a profitable business in FY24. During FY24, the company achieved a significant growth of ~59% in total income to ₹890.32 crore.

The company recorded a significant turnaround to a positive EBITDA of ₹37.22 crore in FY24 from a loss of ₹55.92 crores in FY23, resulting in a positive EBITDA margin of 4.18%, while PAT also improved to a profit of ₹14.08 crore from a loss of ₹83.81 crore in FY23.

While Paytm recorded a continuous loss of 1,422 crore in FY24, which improved from 1,776 crore in FY23. The company’s revenue from operations rose 25% YoY to ₹9,978 crore in FY24.

Comparing Key Performance Indicators

New Business Initiatives Taken by MobiKwik

• In October 2024, MobiKwik rolled out an Instant Fixed Deposit (FD) product on its mobile app, in partnership with Small Finance Banks (SFB), which aims to simplify the savings process for its users. The company further added that the MobiKwik Fixed Deposits allows users to start investing with as little as ₹1,000 and earn up to 9.5% returns p.a. without opening a new bank account. Users are free to choose a tenure ranging from 7 days to 60 months at their convenience.

• In September 2024, Zaakpay, a MobiKwik payment gateway, established a strategic partnership with Meta to simplify conversational commerce by providing an embedded payment experience on WhatsApp that empowers both businesses and consumers. The combination of Zaakpay and WhatsApp provides users with a wide selection of payment modalities, including credit card, debit card, UPI, and wallet payments.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.