Zaggle Q1 FY27 Revenue Up 28% to ₹423 Cr; Invests ₹8 Cr in Unobanc
Zaggle Prepaid Ocean Services Limited reported Q1 FY27 revenue of ₹423 crore, up 28% YoY. Adjusted EBITDA was ₹34.7 crore. The company invested ₹8 crore in Unobanc and completed the DICE acquisition for ₹68 crore. Revenue from DICE contracts is expected from Q2 FY27. International expansion into ADGM is planned for Q2 FY27.
The announcement includes significant financial results, strategic investments (Unobanc), and a completed acquisition (DICE) with future revenue expectations. These factors are material for investors and indicate potential future growth, but the immediate impact on margins from integration costs moderates the impact level.
The company reported strong year-on-year revenue growth and highlighted strategic investments and acquisitions aimed at future growth and technological advancement. Despite some cost increases and margin compression due to acquisitions, the overall outlook and strategic direction are positive.
Zaggle Prepaid Ocean Services Limited announced its Q1 FY27 results, reporting a consolidated revenue of ₹423 crore, marking a 28% year-on-year growth. The company's standalone revenue reached approximately ₹390 crore, an 18% expansion over Q1 FY26. Adjusted EBITDA stood at around ₹34.7 crore, with an EBITDA margin of 8.2% compared to 10.1% in Q1 FY26. The increase in expenses was attributed to the DICE acquisition (relocation costs for 100 employees and one-time tech vendor payments), moderated capitalization of expenses, standard employee increments, and costs from the acquisition of Zagg.Money.
In strategic moves, Zaggle has made an investment of ₹8 crore in Unobanc Private Limited (moneyHOP), which holds an authorized dealer Category 2 license for digital cross-border payments. The DICE acquisition was finalized as an asset purchase for approximately ₹68 crore (excluding GST), securing its spend management product suite and intellectual property. The integration of around 100 AI professionals from DICE is complete, with client contract novations underway and expected to be finalized by Q2 FY27. Revenue from these contracts is anticipated to commence from Q2 FY27.
The company is also focusing on enhancing its AI capabilities across its Save, Zoyer, and Propel products. International expansion plans include opening a subsidiary in ADGM, Abu Dhabi Global Markets, within Q2 FY27. The Zagg.Money (formerly Rio.Money) platform has seen an increased annualized run rate of card acquisitions to 84,000.
Looking ahead, Zaggle aims to improve cash flows and calibrate capitalization, with a focus on higher margins. The company reiterated its guidance of 40% consolidated revenue growth for the fiscal year. The transcript of the earnings call held on August 14, 2026, detailing operational and financial performance for the quarter ended June 30, 2026, has been uploaded to the company website and stock exchanges.
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Zaggle Prepaid Ocean Services Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Zaggle Prepaid Ocean Services Limited. Read the original for the full detail.