Synopsis:
Zaggle Prepaid Ocean Services ltd stock rose over 10% after reporting strong Q1FY26 results with year-on-year revenue and profit growth.
A small-cap fintech products company is in the spotlight today after posting strong Q1FY26 results, showcasing robust growth and strategic progress. Read the article below for detailed insights into its performance.
With a market capitalization of Rs. 5,456 crore, the shares of Zaggle Prepaid Ocean Services Limited were trading at Rs. 406.45, up by 10.69 percent from its previous closing price of Rs. 367.20. The stock has reached a high of Rs. 409.75 in today’s trading session
Q1FY26 Results
Zaggle Prepaid Ocean Services Ltd reported Rs. 332 crore in revenue for the first quarter of FY26, a 31.74 percent increase over the Rs. 252 crore for the same period in FY25. However, it decreased by 19.42 percent as compared to Rs. 412 crore in Q4 FY25.
The company’s EBITDA for Q1 FY26 stood at Rs. 30 crore, down by 16.67 percent from Rs. 36 crore in Q4 FY25, and rose by 36.36 percent from Rs. 22 crore in Q1 FY25.
The consolidated net profit for the first quarter of FY26 was Rs. 26 crore, which was 16.13 percent lower than the Rs. 31 crore reported in the previous quarter and 52.94 percent higher year over year than the Rs. 17 crore in Q1 FY25. Profit growth was also reflected in earnings per share (EPS), which increased to approximately Rs. 1.95 in Q1 FY26 from Rs. 1.37 in Q1 FY25.
Also Read: Bulk Deal: NBFC stock jumps 5% after Mutual Fund acquires 1.61% stake worth ₹685 Cr in the Co.
Management View
Zaggle’s Founder and Executive Chairman, Raj P. Narayanam, reported that Q1 FY26 was the company’s best first quarter, with revenue of Rs. 3,31.49 crore (up 31.4 percent YoY), an adjusted EBITDA margin of 9.9 percent, and a PAT margin of 7.8 percent.
New customer wins, including Hindustan Pencils, Apollo Health, and Truecaller, fueled growth, as did AI-led initiatives in sales, customer support, and bill processing. Inorganic growth was also important, with Moblieware reporting strong results and TaxSpanner expected to gain traction in Q2. The company has reiterated its FY26 guidance of 35-40 percent revenue growth and 10-11 percent EBITDA margins.
Ace Investor Holding
As of June 2025, Ace Investor Ashish Kacholia holds a 2.24 percent stake in the company, consisting of ~30 Lakh equity shares. He made a fresh investment in September, 2023, by acquiring a 1.50 percent stake in the company.
About the company
Zaggle Prepaid Ocean Services Ltd, founded in 2011, is a leading spend management company that operates in the B2B2C segment and offers a diverse fintech product portfolio. It is one of the largest prepaid card issuers in India, with over 50 million cards issued and 3.39 million users as of June 30, 2025, through partnerships with banks.
It also provides SaaS solutions such as tax and payroll software and serves clients from a variety of industries, including BFSI, technology, healthcare, manufacturing, FMCG, infrastructure, and automotive.
Written By Akshay Sanghavi
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
