ALFA Finder| Management target | Revenue 40.0% FY27 |
|---|
| Revenue growth | 28% YoY consolidated growth; 18% standalone growth amid seasonality. |
|---|---|
| Margins | Down 190bps YoY due to acquisition integration and expensing R&D. |
| Order book | 85+ markee clients from DICE being novated; pipeline looks robust. |
| Demand visibility | Strong corporate demand for tax-saving and spend management SaaS. |
| Management confidence | Over-optimistic; masking margin pressure with 'transformational' AI narrative. |
Growth
Revenue hit ₹423 Cr; organic growth slowed to 18% as management prioritized cash flows over aggressive volume.
Outlook
Management reiterated 40% consolidated revenue growth guidance for FY27, banking on DICE revenue from Q2 onwards.
Risks
EBITDA margin dropped to 8.2% from 10.1%; significant reliance on credit card spend mix for incentives.
Last quarter's promises, checked
Delivered
- Guided FY26 stand-alone revenue growth ~42% → delivered 42% (= BEAT)
- Guided FY26 consolidated revenue growth ~46% → delivered 46% (= BEAT)
- Guided FY26 consolidated PAT ~INR139 Cr → delivered INR139 Cr (= BEAT)
Partly delivered
- Guided U.S. launch by FY26-end → delayed to future quarters (= PARTIAL)
- Guided 14-15% margin over 5 years → current margin dropped to 8.2% (= PARTIAL)
Missed
- Guided FY26 standalone revenue INR1,853 Cr → delivered INR423 Cr in current quarter context (= MISS)
- Guided 100 bps annual margin expansion → delivered 190bps compression (= MISS)
Earnings Call Transcript filed with NSE, NSE: ZAGGLE. Summary written with AI assistance from the document.
Zaggle Prepaid Ocean Services Ltd: key numbers
- Share price
- ₹173.95
- Market cap
- ₹2,339 Cr
- Revenue (annual)
- ₹1,908 Cr
- Net profit (annual)
- ₹138.1 Cr
- P/E (TTM)
- 18.1×Sector 23.6×
- Promoter holding
- 44.30%+0.00% QoQ
- FII holding
- 2.49%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Zaggle Prepaid Ocean Services Ltd
All →Zaggle Prepaid Ocean Services Other Announcement
Zaggle Prepaid Ocean Services intimated that its board authorised four KMPs, including the CEO, CFO and Company Secretary, to determine materiality and make disclosures under Regulation 30(5). The filing lists contact details and creates no financial or business event.
Zaggle Prepaid Ocean Services Management Change
Zaggle Prepaid Ocean Services appointed Samar Vijay Pupala as CFO effective November 6, 2026, after Venkatesh Ramachandran resigned as Group CFO. Ramachandran moves to Group Chief Strategy and Transformation Officer.
Zaggle Prepaid Ocean Services Board Meeting Date
Zaggle Prepaid Ocean Services scheduled a board meeting on November 13, 2026. The board will consider Q2 FY2026-27 financial results and employee stock option allotments.
Zaggle Prepaid Ocean Services Bags New Order from AGP City Gas Private Limited
Zaggle Prepaid Ocean Services will provide its Zaggle Propel platform to AGP City Gas under a one-year agreement. Fees depend on active users and redeemed vouchers, so no contract value is disclosed.
- From
- AGP City Gas Private Limited
- Execution
- 1 year
Zaggle Prepaid Ocean Services Business Update
Zaggle signed a one-year platform agreement with AGP City Gas on 27 October 2026. The fee depends on usage, and no contract value is stated.
- From
- AGP City Gas Private Limited
- Execution
- 1 year, unless terminated earlier
Zaggle Prepaid Ocean Services Price Movement Clarification
Zaggle responded to NSE's volume-surcharge query confirming all Reg 30 disclosures were made timely. The company stated the volume spike was purely market-driven with no UPSI withheld.