Zaggle Prepaid Ocean Services Ltd.Record Profitability Momentum

Zaggle Prepaid Ocean Services delivered a stellar Q3 FY26 performance with revenue of ₹498 crore, growing 47.9% year-on-year, while adjusted EBITDA surged 62.9% to a record ₹51 crore and PAT jumped 77.7% to ₹36 crore with improved margins at 7.2%.

The nine-month profitability has already surpassed full FY25 levels, demonstrating robust operational execution. Management completed the strategic acquisition of Rio.money, now rebranded as ZAG.money, establishing a fourth monetization pillar targeting 3.7 million salaried users with retail financial products. The company's AI implementation has dramatically reduced product development cycles from over 75 days to under 30 days, creating significant competitive advantages.

Acquisitions are delivering strong results, with Greenedge revenue up 80% and Mobileware revenue tripling year-to-date. Management reaffirmed guidance for working capital breakeven by FY26 end and operating cash flow turning significantly positive in FY27, with ESOP costs reducing to ₹3-4 crore. The draft IT Rules 2026 extending employee benefits to the new tax regime provides additional growth tailwinds for the addressable market.