Zaggle Prepaid Ocean Services
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Zaggle Prepaid Ocean Services (ZAGGLE) investor relations material

Zaggle Prepaid Ocean Services Q1 26/27 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 26/27 earnings summary14 Aug, 2026

Executive summary

  • Q1 FY 2027 revenue reached INR 423 crores (Rs. 4,233 Mn), up 28% year-over-year, driven by strong demand, expanding user base of 4 million, and strategic shift toward operational optimization and AI integration.

  • Strategic focus shifted from pure growth to improving cash flows, optimizing capitalization, and integrating recent acquisitions, especially Dice and Zagg.money, with AI investments central to product innovation and efficiency.

  • Investment in Unobanc enhances cross-border payments and forex capabilities, expanding offerings for corporate and retail clients.

  • Dice acquisition brings marquee enterprise clients and accelerates AI roadmap, strengthening spend analytics and predictive expense management.

  • Standalone and consolidated unaudited financial results for the quarter ended June 30, 2026, were approved and reviewed by the Board and auditors, with no material misstatements noted.

Financial highlights

  • Consolidated revenue from operations reached INR 423 crores (Rs. 4,232.65 Mn), up 27.5% year-over-year, with consolidated adjusted EBITDA at INR 34.7 crores (Rs. 347 Mn), margin at 8.2% (down from 10.1%).

  • Gross profit increased 15.4% year-over-year to Rs. 1,895 Mn, with gross margin declining to 44.8% from 49.5%.

  • Profit after tax dropped 32.9% year-over-year to Rs. 175 Mn, with PAT margin at 4.1%; EPS (basic and diluted) at 1.30, down from 1.94.

  • Cashback as a percentage of program fees was 66.3% in Q1 FY 2027, up slightly from 65.7% in Q1 FY 2026.

  • Standalone revenue grew 18% year-over-year to INR 390 crores (₹3,901.74 million), despite Q1 being seasonally soft.

Outlook and guidance

  • Management maintains 40% consolidated revenue growth guidance for FY 2027, expecting acceleration from Q2 as Dice revenues begin.

  • Revenue is seasonally weighted, with 60% typically generated in the last two quarters; Dice contract revenue expected from Q2 FY27.

  • Focus remains on balancing growth with positive cash flows, prudent capitalization, and prioritizing high-quality earnings.

  • Board approved an investment of up to ₹79.70 million to acquire up to 19.9% equity in Unobanc Private Limited after the quarter end.

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Q2 26/2710 Nov, 2026
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Frequently asked questions

Zaggle Prepaid Ocean Services Limited is a fintech company specializing in spend management solutions and financial technology products. It provides various software-as-a-service (SaaS) platforms, including Propel for channel rewards and incentives, Save for digitized employee reimbursements and tax benefits, and CEMS for customer engagement management. The company also offers a Zaggle Payroll Card, a prepaid payroll solution for businesses to manage payments to contractors and unbanked workers. Zaggle serves a wide range of clients, including corporates, small and medium-sized enterprises, and startups. The company is headquartered in Hyderabad, Telangana, and its shares are listed on the NSE.