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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.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.
- Record FY 2023-24 growth sets up 45–55% revenue guidance for FY 2024-25.ZAGGLE
Q4 23/24 - Record FY26 revenue and profit growth, acquisitions, and AI-driven expansion set global ambitions.ZAGGLE
Q4 25/26 - AI accelerates efficiency, compliance, and product innovation, driving global market readiness.ZAGGLE
Investor presentation - Record revenue and profit growth, margin expansion, and global expansion initiatives marked the quarter.ZAGGLE
Q3 25/26 - Record revenue and profit growth, upgraded guidance, and strategic expansion initiatives.ZAGGLE
Q2 25/26 - Record revenue and profit growth in FY25, with guidance raised and key acquisitions completed.ZAGGLE
Q2 24/25 - Q1 FY25 revenue and profit surged year-over-year; IPO funds remain largely unutilized.ZAGGLE
Q1 2025 - Record FY25 growth, strong outlook, margin expansion, and robust capital position.ZAGGLE
Q4 24/25 - Raised FY25 revenue growth guidance to 58%-63% amid record results, acquisitions, and strong outlook.ZAGGLE
Q3 24/25
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