StockWatch
·
IT Enabled Services
Quarterly Result13 Nov 2026, 05:04 pm

Zaggle Q2 FY27 Revenue Hits ₹10,031 Million, OCF Turns Positive

AI Summary

Zaggle Prepaid Ocean Services Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. SaaS revenue reached its highest quarterly performance, boosted by the Dice acquisition. Propel points revenue increased due to the festive season. Employee expenses rose due to new hires from the Dice acquisition, and other expenses increased due to marketing, user acquisition, and technology costs. The company achieved positive Operating Cash Flow (OCF) at both standalone and consolidated levels in Q2 FY27. The Dice acquisition is integrating well, with 70% of customer contracts novated. Zaggle also established Zaggle Holdings Limited in Abu Dhabi Global Market (ADGM) to expand its international presence.

Key Highlights

  • SaaS revenue achieved record quarterly performance, driven by Dice acquisition novated contracts.
  • Operating Cash Flow (OCF) turned positive at standalone and consolidated levels in Q2 FY27.
  • Dice acquisition integration progressing, with 70% of customer contracts novated.
  • Established Zaggle Holdings Limited in ADGM for international market expansion.
  • Revenue from operations increased 31.3% YoY to ₹10,031 Million in H1 FY27.