Shares of Zaggle Prepaid Ocean Services Ltd surged nearly 6% after the SaaS-based fintech player reported a strong June quarter performance. Net profit for Q1FY26 jumped 53% year-on-year to ₹27 crore, compared with ₹17 crore in the same period last year.
Revenue for the quarter rose 31.6% to ₹332 crore, while EBITDA increased 36.8% to ₹31 crore. Margins also improved to 9.2% from 8.8% a year earlier, reflecting efficiency gains in operations.
Founder and Executive Chairman Raj P. Narayanam said Q1FY26 marked the company’s best first-quarter performance despite seasonal softness, with growth visible across all revenue streams. He noted that client additions during the quarter included Hindustan Pencils, Apollo Health, Mo Engage, Novozymes, DTDC, CK Birla Healthcare, and Truecaller.
Narayanam further highlighted that artificial intelligence had become central to Zaggle’s product roadmap, with ongoing initiatives in sales automation, customer engagement, and bill processing. On the inorganic growth front, subsidiary Moblieware delivered strong results, while TaxSpanner is expected to see momentum in Q2 after the extension of the tax-filing deadline.
The upbeat earnings and commentary boosted investor sentiment, sending Zaggle Prepaid shares higher in Monday’s session.
