Zaggle Prepaid Ocean Services Ltd. News, Corporate filings and Earnings/Conference Calls

IT Software Products company Zaggle Prepaid Ocean Services announced Q3FY25 results Revenue from operations: Rs 3,364.4 million compared to Rs 1,995.1 during Q3FY24, change 68.6%. EBITDA: Rs 314.6 million compared to Rs 228.6 during Q3FY24, change 37.6%. EBITDA margin: 9.4% for Q3FY25. PAT: Rs 202.4 million compared to Rs 152.2 during Q3FY24, change 32.9%. PAT margin: 6.0% for Q3FY25. Raj P Narayanam, Founder & Executive Chairman, Zaggle Prepaid Ocean Services, said: “This has been a milestone quarter for us with our highest ever quarterly & nine monthly performance, in terms of Revenue, Adjusted EBITDA and PAT. During Q3FY25, the company delivered a topline of Rs 3,364 million, growing by 69% YoY basis, adjusted EBITDA of Rs 315 million, increasing by 38% compared to Q3FY24. The Adjusted EBITDA margins stood at 9.4%. The PAT increased by 33% YoY to Rs 202 million. We successfully completed of our QIP of Rs. 5,950 million in line with our growth strategy of inorganic expansion. With respect to strategic collaborations, we signed a 3-year partnership with the largest private bank in India, HDFC Bank, to provide the credit card solution. Additionally, we stitched a long-term referral partnership program with Mastercard, which will extend our reach in the market. Banking on our comprehensive product portfolio, we expanded our customer base to 3,300+ and signed contracts with several major brands including Blinkit, CanFin homes, BigBasket, Mumbai Metro One, Mahindra First Choice Wheels, and Hitachi India. For FY25, we are confident of achieving a 58-63% growth in our top line. We are also evaluating inorganic growth opportunities to expedite this growth and the discussions are at advanced stages.” Result PDF

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Zaggle Prepaid Ocean Services Ltd. News, Corporate filings and Earnings/Conference Calls

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