Zaggle Prepaid Ocean Services Limited has informed the Exchange about Transcript
ZAGGLE · price
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Zaggle reported Q1 FY26 revenue of INR331 crores, up 31% year-on-year, with adjusted EBITDA at INR33 crores (up 28%) and profit after tax at INR26 crores (up 55%). The company serves over 3,500 customers with 3.4 million users on its platform, maintaining churn below 1.5%. Management reiterated its full-year growth guidance of 35-40% and hinted it could be raised in Q2, citing strong momentum from recent acquisitions and cross-selling efforts. The company is pursuing 4 more acquisitions (EffiaSoft, Greenedge, Rio.money, plus one more large deal in the pipeline) which could add 600-700 employees and deliver INR25 crores in cost savings over the next year. Zaggle also received a credit rating of A- (stable) from CARE Ratings and expects operating cash flow to stay positive in FY26 after turning positive in FY25.
Strong quarterly results with broad-based growth and improving profitability support the stock, but a key near-term catalyst is the potential upward revision of full-year guidance in Q2. Aggressive acquisition strategy and AI-driven efficiency plans point to sustained margin expansion, though execution risk on multiple deals remains a watchpoint.