NSEPress Release5d ago · 14 Aug 2026, 05:03 pm
Press Release
Zaggle Prepaid Ocean Services Limited · ZAGGLE
✦ AI SummaryResults
Zaggle Prepaid Ocean Services Limited has announced its unaudited Financial Results for the quarter ended June 30, 2026, with revenue from operations increasing by 27.5% YoY to ₹4,232.7 crore and adjusted EBITDA margin reducing to 8.2% due to expenses related to the Dice acquisition and other factors.
Analysis Scores
Earnings Impact6/10
Growth Catalyst4/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Zaggle Prepaid Ocean Services Limited has informed the Exchange regarding a press release dated August 14, 2026, titled "Press Release on performance of the Company for the quarter ended on June 30, 2026".
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ZAGGLE/26-27/61
August 14, 2026
To To
Listing Department The Corporate Relations Department
NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED
Exchange Plaza, Plot No C/1, G Block Phiroz Jeejeebhoy Towers,
Bandra Kurla Complex, Bandra (East), 25th Floor, Dalal Street,
Mumbai -400 051, Maharashtra Mumbai -400 001, Maharashtra
Company Symbol: ZAGGLE Company Scrip Code: 543985
Dear Sir / Madam,
Sub: Press Release on performance of the Company for the quarter ended on June 30, 2026
Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, we are enclosing herewith press release issued by Zaggle
Prepaid Ocean Services Limited, on the above subject, the content of which is self-explanatory.
Thanking you
Yours faithfully,
For Zaggle Prepaid Ocean Services Limited
Hari Priya
Company Secretary and Compliance Officer
Encl: as above
Investor Release
Zaggle Prepaid Ocean Services Limited
Quarter performance highlights
Friday,August14,2026,Hyderabad–ZagglePrepaidOceanServicesLimited,aSaaSfintechplayerwhich
providesspendmanagementproductsandsolutions,hasannounceditsunauditedFinancialResultsforthe
quarterendedJune30,2026.
(Consolidated ₹ Million, unless stated
Q1FY27 Q1FY26 YoY
otherwise)
Revenue from operations 4,232.7 3,319.7 27.5%
Adjusted EBITDA* 347.4 334.2 4.0%
Adjusted EBITDA Margin 8.2% 10.1%
ESOP Cost 4.1 18.3
Adj. Profit Before Tax * 261.6 349
Profit After Tax 175.3 261.1 -32.9%
PAT Margin 4.1% 7.9%
KeyHighlights
Propel margins surged on the back of a strong performance from Greenedge as well as overriding
commissionsreceivedinthequarter
Incentive&Cashbackasa%ofrevenuestoodat~66.3%,anoptimizationfrom69%duringQ4FY26.
EBITDAMarginhasreducedduetothefollowingelements:
1. ExpensesrelatedtotheDiceacquisitionincludingbutnotlimitedtotransactioncosts,onetime
vendorpaymentsandrelocationexpensesfor100+professionals
2. RevenuefromDicecontractswasnotcapturedinQ1FY27andwillstartreflectingfromQ2FY27
onwards.
3. ModeratedpushofexpensesintotheP&Lwhichwereearliercapitalized
4. Incrementsforexistingemployees
5. AddedemployeecostsandotherexpensesfromtheacquisitionofZagg.Money
*AdjustedEBITDAisafterreducingtheESOPexpensesand addingEBITDAshareof associate.Adj
PBTincludesPBTshareofassociate
Investor Release
Commenting on the performance Raj P Narayanam, Founder and Executive Chairman, Zaggle Prepaid
OceanServicesLimitedsaid,
"Q1 FY27 marks animportantinflectionpointforZaggle as wemovefrom adecadeofprofitable growth
intoaphaseoftransformationthroughconsolidation.Ourfocusisnowfirmlyonoptimizingcoreoperations,
scaling AI across our platforms, and integrating our recent acquisitions - all while calibrating our
capitalizationandinstillinggreatercashflowdisciplinetopositionthecompanyforhigher-margingrowthin
theyearsahead.
WehavecompletedtheinvestmentofRs.80MninUnobancPrivateLimited,asubsidiaryofHopFinancial
Solutions Limited, which holds an Authorised Dealer Category II licence from RBI. This investment
strengthensourcapabilitiesincross-borderpayments,forexcardsandremittances,enablingustoexpand
ourfinancialsolutionsforbothcorporateandretailcustomers.
From Dice, we have already brought marquee enterprise clients including Hindalco, Bajel, Trident Group,
IDFCFirstBank,Lenskart,NephroplusandXpressBeesintoourfold.Beyondtheclientbase,Dice'stechnical
expertiseisacceleratingourAIroadmapacrossSaveandZoyer,strengtheningautomatedspendanalytics,
approvalworkflowsandpredictiveexpensemanagementtherebycreatingaverystronglaunchpadforour
growthoverseas.
Lookingahead,ourvariousacquisitionsalongsideourcardinitiativesandinternationalforayallstrengthen
ourplatformforthenextphaseofscale.”
AboutZagglePrepaidOceanServicesLimited(Zaggle)
Incorporatedin2011,Zaggle(NSE:ZAGGLEBSE:543985)isaleadingplayerinspendmanagement,witha
differentiated value proposition and diversified user base. the company operates in the business-to-
business-to-customer segment and is amongst a small number of uniquely positioned players with a
diversified offering of financial technology products and services. Zaggle is one of the largest number of
issued prepaid cards in India in partnership with its banking partners and is also one of the largest
commercial credit cards player in India basis spends generated on cards issued by its partner banks.
Additionally,ZagglehasadiversifiedportfolioofSaaSproducts,includingtaxandpayrollsoftware, anda
widetouchpointreach.Itisaleadingplayerinspendmanagement,withmorethan50millionprepaidcards
issuedinpartnershipwith19bankingpartnersandmorethan4.03millionusersservedasofJune30,2026,
offeringadifferentiatedvaluepropositionanddiversifieduserbase.
Zaggle‘s network of corporate customers covers the banking and finance, technology, healthcare,
manufacturing,FMCG,infrastructureandautomobileindustries.
Formoreinformation,pleasevisitcompanywebsitehttps://www.zaggle.in/
Investor Release
SafeHarbourStatement:
Statementsinthisdocumentrelatingtofuturestatus,events,orcircumstances,includingbutnotlimited
to statements about plans and objectives, the progress and results of research and development,
potentialprojectcharacteristics,projectpotentialandtargetdatesforprojectrelatedissuesareforward-
looking statements based on estimates and the anticipated effects of future events on current and
developingcircumstances.Suchstatementsaresubjecttonumerousrisksanduncertaintiesandarenot
necessarilypredictiveoffutureresults.Actualresultsmaydiffermateriallyfromthoseanticipatedinthe
forward-lookingstatements.Thecompanyassumesnoobligation to update forward-lookingstatements
toreflectactualresultschangedassumptionsorotherfactors.
Formoreinformationpleasecontact:
Investor Relations Advisor:
Company:
Zaggle Prepaid Ocean Services Limited Strategic Growth Advisors Pvt Ltd.
CIN No: U74140MH2010PTC204285
CIN: L65999TG2011PLC074795
Shikha Puri/ Srushti Pathak
Hari Priya,
Email id: shikha.puri@sgapl.net /
Company Secretary & Compliance Officer
srushti.pathak@sgapl.net
Email id: investor.relations@zaggle.in
Tel No: +91 9819282743 / +91 8308245280