| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 617.92 | 17.6% | 49.9% |
| Total Income | 626.32 | 17.2% | 47.4% |
| Expenditure | 573.72 | 18.4% | 49.6% |
| PBT | 52.59 | 5.8% | 27.5% |
| Net Profit | 40.60 | 9.6% | 30.4% |
| OPM | 9.44% | 0.49pp | 0.73pp |
| NPM | 6.48% | 0.46pp | 0.85pp |
| EPS | 3.03 | 9.8% | 30.6% |
Zaggle FY26: Revenue ₹19,076.5 Million, Up 46.3% YoY
13 May 2026 · 13 May, 5:12 pm
Summary
Zaggle Prepaid Ocean Services Limited concluded FY26 on a strong footing, delivering its strongest-ever quarterly and annual results with a third consecutive quarter of record performance. For the full fiscal year, consolidated revenue from operations grew by 46.3% year-over-year to ₹19,076.5 million, while Profit After Tax (PAT) increased by 51.8% to ₹1,387.5 million, achieving a PAT margin of 7.3%. Q4 FY26 also demonstrated robust growth with revenues of ₹6,179.2 million (up 49.9% YoY) and Adjusted EBITDA of ₹604.6 million (up 62.4% YoY), supported by sustained margin improvement. The company undertook significant strategic initiatives, including key acquisitions and entry into new markets like consumer retail credit and global cross-border payments through GIFT City. Looking forward to FY27, management projects strong standalone revenue growth of 25–30% and consolidated revenue growth of around 40%.
Key Highlights
- 1
Zaggle Prepaid Ocean Services Limited reported a record performance for FY26 with consolidated revenue from operations increasing by 46.3% year-over-year to ₹19,076.5 million.
- 2
Profit After Tax (PAT) for FY26 surged by 51.8% to ₹1,387.5 million, reflecting strong profitability with a PAT Margin of 7.3%.
- 3
For Q4 FY26, the company achieved consolidated revenue of ₹6,179.2 million, marking a 49.9% year-over-year growth.
- 4
Adjusted EBITDA for Q4 FY26 grew by 62.4% year-over-year to ₹604.6 million, reaching an Adjusted EBITDA Margin of 9.8%.
- 5
The company completed strategic acquisitions of Greenedge Enterprises and Rivpe Technology (rebranded as Zagg.Money) to enhance capabilities and expand its product ecosystem.
- 6
Zaggle entered the consumer retail credit card market and established Zaggle Payments IFSC Ltd in GIFT City to pursue global cross-border payments ambitions.
- 7
Management projects standalone revenue growth of 25–30% and consolidated revenue growth of approximately 40% for FY27, driven by AI-first product development and market expansion.
Management Comments
Raj P Narayanam
With third consecutive quarter of record performance, we closed FY26 on a strong footing, delivering our strongest-ever quarterly and annual results. On an annual basis, company delivered a topline of INR 19,076 million (46.3% YoY growth), adjusted EBITDA of INR 1,916 (51.0% YoY growth) and PAT of INR 1,388 million (51.8% YoY growth). On a quarterly basis, the company recorded revenues of INR 6,179 million (49.9% YoY growth), adjusted EBITDA of INR 605 million (62.4% YoY growth), PAT INR 406 million (30.4% YoY growth) supported by sustained margin improvement. During the year, we took several strategic steps to strengthen our long-term growth platform. We have moved decisively from AI-led vision to full-scale execution with dual AI engines: one driving internal efficiency and another one powering our customer-facing capabilities. With respect to our inorganic plans, we completed the acquisitions of Greenedge Enterprises and Rivpe Technology (rebranded as Zagg.Money), further enhancing our capabilities and expanding our product ecosystem. In addition, we entered the consumer retail credit card market, marking an important milestone. We also established Zaggle Payments IFSC Ltd in GIFT City, which will serve as a key platform for our global cross-border payments and financial services ambitions through India’s premier international financial hub. Looking ahead, we remain optimistic about the opportunities across the digital payments and enterprise spend management ecosystem. For FY27, we project standalone revenue growth of 25–30% and consolidated revenue growth of around 40%. We believe this vision will be driven by AI-first product development, expansion into MENA and US markets, and deeper monetisation across our four strategic pillars.
Informational and educational content only. Not investment advice.