Zaggle Prepaid Ocean Services, a SaaS fintech firm, witnessed a 5.23% increase in intraday trading, reaching a five-month high of Rs 353.5 per share. This rise happened following the announcement of the company’s June quarter results, which were disclosed after market hours on Tuesday.
Zaggle had a strong start to the year, with revenue of ₹252 crore in Q1 FY25—a 112.9% YoY growth. The firm’s adjusted EBITDA (before ESOP expense) for the quarter was Rs 25.8 crore, representing 85.3% YoY growth, mainly due to increased demand for Zoyer and an increase in credit card volume.
A significant rise in the company’s Q1FY25 PAT was also witnessed, due to lower incentive payouts and controlled operating expenses. In Q1 FY24, Zaggle’s net profit of Rs 16.7 crore represented a whopping 713.6% rise over the net profit of Rs 2.06 crore.
As of 2:13 pm, Zaggle Prepaid shares were trading 1.79% higher at Rs 341.95.
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