Zaggle Prepaid Ocean Services Ltd. shares reached a four-month high on Wednesday after the company’s first-quarter profit increased by 750%. According to an exchange filing, the company’s net profit increased to Rs 17 crore in the quarter ending June 2024, up from Rs 2 crore the previous year.
Zaggle Prepaid Ocean Services Ltd Q1 2025 Financial Results
| Revenue | ₹2.57b (up 37% from 1Q 2024) |
| Net income | ₹167.3m (up 121% from 1Q 2024) |
| Profit margin | 6.5% (up from 4.0% in 1Q 2024). The increase in margin was driven by higher revenue. |
| EPS | ₹1.37 (up from ₹0.21 in 1Q 2024 |
Zaggle Prepaid Ocean Services Ltd Growth
Revenue from operations was Rs 252.2 crore in the first quarter, up 113% year on year (YoY), but 7.7% lower than the previous quarter’s Rs 273.2 crore. Adjusted EBITDA (before ESOP expenditure) for the quarter was Rs 255.8 million, up 85.3% year on year. The rise is mostly driven by strong demand for Zoyer and credit card packaged solutions.
Zaggle Prepaid Ocean Services Ltd Stock Price
Zaggle Prepaid’s stock increased by as high as 5.24% to Rs 353.55 a share. As of 12:41 p.m., it pared gains to trade 1.9% higher at Rs 342.4 apiece. In contrast, the NSE Nifty 50 Index increased by 0.29%. The stock has dropped 21.25% over the past 12 months and 24.41% over the past year. The NSE’s total traded volume for the day was 2.3 times higher than its 30-day average. At 69.69, the relative strength index was recorded.
About Zaggle Prepaid Ocean Services Ltd
Zaggle Prepaid Ocean Services Ltd was incorporated as Zaggle Prepaid Ocean Services Private Limited on June 2, 2011, as a private limited company in Hyderabad. On August 22, 2022, the Company was converted into a public limited company, and the name was changed to Zaggle Prepaid Ocean Services Limited pursuant to a new certificate of incorporation dated September 13, 2022. The Company is a B2B2C Fintech SaaS company that is a market leader in spend management, with a unique value proposition and a diverse customer base.
