IT Software Products company Zaggle Prepaid Ocean Services announced Q2FY25 results Revenue from operations: Rs 3,025.6 million compared to Rs 1,842.4 million during Q2FY24, change 64.2%. EBITDA: Rs 295.2 million compared to Rs 217.5 million during Q2FY24, change 35.8%. EBITDA Margin: 9.8% for Q2FY25. PAT: Rs 185.6 million compared to Rs 75.9 million during Q2FY24, change 144.7%. PAT Margin: 6.1% for Q2FY25. Raj P Narayanam, Founder and Executive Chairman, Zaggle Prepaid Ocean Services, said: “I am delighted to share that we continue to deliver exceptional results, achieving another remarkable quarter with a topline of Rs. Rs 3,025.6 million, an Adjusted EBITDA of Rs. 295.2 million, and a PAT of Rs. 185.6 million. This outstanding performance highlights the strength of our scale and ongoing reinvention, underpinned by the resilience and agility of our business model. In the rapidly expanding Indian spend management industry, we have unlocked significant growth and successfully expanded both our customer and user base. Our noteworthy recent client additions include Baroda BNP Paribas Asset Management, Blue Star, HDFC Ergo General Insurance, amongst others. Our focus remains on developing innovative, future-ready solutions and diversifying our revenue streams to drive sustained growth. As part of our growth strategy, we are actively seeking strategic alliances and inorganic growth opportunities. We are strongly focusing on M&A;’s with a combined strategy of small tuck-ins and larger investment opportunities, in the SaaS Fintech sector, including areas like NBFC, Payments etc. In line with our growth plans, we have taken approval from the board of directors for a fund raise of up to Rs 9,500 million. subject to shareholders approval. Looking ahead, we are upping our guidance to 50-55% growth in our topline for FY25. We are very confident of doubling our FY24 revenues in the next two years.” Result PDF