ALFA Finder| Revenue growth | Total revenue up 34% YoY, partly DICE-acquisition driven. |
|---|---|
| Margins | Consolidated adjusted EBITDA margin about 7.7%; FY27 guided 7-8%. |
| Demand visibility | Festive uplift; Save tax-wallet loads up about 6x; UPI MDR tailwind pending. |
| Management confidence | Optimistic but hedged; cautious on ZAD burn and MDR timing. |
Growth
Revenue up 34% YoY, partly from the DICE acquisition (SaaS). Program fees grew only about 12.5% YoY, with cashback steady near 66%.
Outlook
FY27 EBITDA margin guided at 7-8%. Remaining DICE contracts expected to novate in Q3.
Risks
DICE revenue lags novation (30-35% of contracts pending). ZAD Money burn ahead. UPI MDR timing depends on government. Program fee growth slowing.
Last quarter's promises, checked
Delivered
- Guided growth to accelerate through Q2 (Q1: 28%) → total revenue 34% YoY (= BEAT)
Partly delivered
- Guided program-fee growth to improve from ~10% → 12.5% YoY, still described as slowing (= PARTIAL)
- Guided DICE revenue from 1 Jul (Q2) → revenue flowing, but 30-35% of contracts pending (= PARTIAL)
Missed
- Guided 40% consolidated growth → 34% YoY (= MISS)
- Guided 85+ DICE contract novations complete by end-Q2 FY27 → ~65% novated, remainder slipped to Q3 (= 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
- ₹173.32
- Market cap
- ₹2,330 Cr
- Revenue (annual)
- ₹1,908 Cr
- Net profit (annual)
- ₹138.1 Cr
- P/E (TTM)
- 19.6×Sector 23.7×
- 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 Investor Presentation: Key Takeaways
Q2FY27 consolidated revenue ₹5,799Mn (+34.2% YoY), Adj EBITDA ₹446Mn (-4.2%, 7.7% margin), PAT ₹245Mn (-30.1%). Dice acquisition adds SaaS revenue; OCF turned positive.
Zaggle Prepaid Ocean Services Results Update
Zaggle's press release shows Q2FY27 revenue up 34.2% to ₹5,799 million. Profit after tax fell 30.1% to ₹245 million, weighed down by higher costs.
Zaggle Prepaid Ocean Services Q2 FY27 Results: Net Profit ₹24.5 Cr, Down 30.0% YoY
Zaggle Prepaid Ocean Services Ltd reported revenue from operations of ₹579.9 Cr (+34.2% YoY) and net profit of ₹24.5 Cr (-30.0% YoY) for Q2 FY27.
- Key figure
- Net profit ₹24.5 Cr · -30.0% YoY
Zaggle Prepaid Ocean Services Employee Stock Options
Zaggle granted 77,071 stock options under ESOP 2022 at ₹130 exercise price per option. Approved by the NRC on November 13, 2026.
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.