Zaggle Prepaid Ocean Services Ltd Q2 FY26 Results
ZAGGLEQ2 FY26 ResultsAnnounced 11 Nov 2025, 03:54 pm| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 432.22 | 30.2% | 42.9% |
| Total Income | 441.45 | 28.4% | 43.1% |
| Expenditure | 397.10 | 28.3% | 41.6% |
| PBT | 44.35 | 30.1% | 58.0% |
| Net Profit | 34.98 | 34.0% | 72.4% |
| OPM | 10.17% | 0.98pp | 4.42pp |
| NPM | 7.92% | 0.32pp | 1.35pp |
| EPS | 2.61 | 34.5% | 57.2% |
Zaggle Prepaid Ocean Services Ltd Reports Highest Ever Quarterly & Half-Yearly Performance Across All Metrics
11 Nov 2025 · 11 Nov 2025, 04:26 pm
Summary
Zaggle Prepaid Ocean Services Limited, a Saas fintech player, has announced its unaudited Financial Results for the quarter & half year ended September 30, 2025. The company reported a revenue of INR 4,309.8 Million for Q2FY26, a YoY growth of 42.4%. The adjusted EBITDA for the quarter was INR 437.3 Million with a margin of 10.1%. The company also reported a PAT of INR 185.6 Million with a margin of 6.1%.
Key Highlights
- 1
Highest ever half-yearly & quarterly performance across revenue streams
- 2
Addition in new clients & number of users
- 3
Cross-sell initiatives on the higher side
- 4
Higher sales and marketing expenses in line with growing business
- 5
Increase in depreciation & amortisation driven by capitalisation of new technology and product developments
- 6
Cash PAT crossed the mark of INR 400 Mn in Q2FY26
- 7
Launched two new products: Zaggle GlobalPay Forex Card & Zaggle x Mastercard Prepaid Card
- 8
Entered the retail card segment in partnership with AU Small Finance Bank
- 9
Expanded banking partner network by adding Standard Chartered Bank, AU Small Finance Bank, and Suryoday Small Finance Bank
Management Comments
Raj P Narayanam
Since our listing two years back, we continue to deliver upon our guidance, and our current results are no exception, where we delivered our best-ever half-yearly and quarterly performance across parameters. We achieved substantial half-yearly revenue of INR 7,625 Mn and an adjusted EBITDA margin of 10.0%. During Q2FY26, the company achieved revenues of INR 4,310 Mn with adjusted EBITDA margin of 10.1%.
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