Zaggle Prepaid Ocean Services Ltd Q1 FY26 Results

Lam delighted to share that we have begun the year on a solid note, with QIFY26 revenues reaching INR 3,314.9 Mn, a 31.4% YoY growth, along with an adjusted EBITDA margin of 9.9% and a PAT margin of 7.8%. This is by far our best first-quarter performance, despite being a slower quarter in the year. With strong fundamentals in terms of growth in the total number of customers and users, healthy growth was visible across our revenue streams. Our recent strategic customer wins, such as Hindustan Pencils, Apollo Health, Mo Engage, Novozymes, DIDC, CK Birla Healthcare, Truecaller, etc., reinforce our value proposition. We are unlocking new levels of scale and efficiency with Al at the core of our product strategy. Our Al initiatives in multipole areas, including sales automation, customer support & engagement, and bill processing, are at various stages of deployment. Our inorganic growth plans are panning out the way we had envisioned, and we are already seeing encouraging results in existing investments. Moblieware delivered a stellar performance in QIFY26. For TaxSpanner, we anticipate significant momentum to kick in in Q2 FY26 on account of an extension in the tax filing deadline. We remain disciplined in how we evaluate and execute M&A while we are constantly scanning the landscape for adjacencies to find the right strategic fits. We would like to reiterate our guidance for the year, with topline growth expected in the range of 35% to 40% and EBITDA margins projected between 10% and 11%.