Zaggle Prepaid Ocean Services Limited has informed the Exchange about Transcript
ZAGGLE · price
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Zaggle delivered strong FY26 results with consolidated revenue of INR1,908 crores (up 46%) and PAT of INR139 crores (up 52%). The company completed two acquisitions - GreenEdge Enterprises (grew revenue 184% to INR103.7 crores) and Rio.Money (rebranded as Zagg.money, now at 36,000-40,000 annualized card acquisition rate). A third acquisition, DICE, was restructured from share purchase to asset purchase at a lower cost of INR68 crores, bringing 100+ AI professionals and high-margin SaaS revenue. The company guided FY27 stand-alone growth at 25-30% and consolidated growth at 40%, while EBITDA guidance was deferred pending DICE integration. Cash flow remains negative at INR6 crores on stand-alone basis, which management identified as a key priority to improve.
Strong revenue growth and strategic acquisitions position the company well, but margin pressure on Propel business (margins fell from 10% to 4%), loss-making DICE entity, and negative operating cash flow create near-term headwinds for shareholders.