Zaggle Q1FY27 Revenue Up 27.5% to ₹423.27 Crore; Invests ₹8 Crore in Unobanc
Zaggle's Q1 FY27 revenue surged 27.5% to ₹423.27 crore. Adjusted EBITDA was ₹34.74 crore, with margins at 8.2%. PAT declined 32.9% to ₹17.53 crore. The company invested ₹8 crore in Unobanc Private Limited to enhance cross-border payment capabilities. Acquisitions like Dice are accelerating AI roadmap and bringing marquee clients.
The strong revenue growth, strategic investment in Unobanc, and integration of acquired entities like Dice indicate significant future growth potential and market expansion.
The company reported significant revenue growth and strategic investments, despite a short-term dip in PAT and EBITDA margins due to acquisition-related expenses.
Zaggle Prepaid Ocean Services Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a significant 27.5% year-on-year increase in revenue from operations, reaching ₹423.27 crore (₹4,232.7 million) from ₹331.97 crore (₹3,319.7 million) in Q1 FY26.
Adjusted EBITDA stood at ₹34.74 crore (₹347.4 million), a marginal increase from ₹33.42 crore (₹334.2 million) in the prior year's comparable quarter. The Adjusted EBITDA margin decreased to 8.2% from 10.1% YoY. This reduction was attributed to expenses related to the Dice acquisition, including transaction costs and relocation expenses for professionals, as well as the non-capture of Dice contract revenue in Q1 FY27 which is expected to reflect from Q2 FY27 onwards. Additionally, moderated push of expenses into P&L, increments for existing employees, and added employee costs from the acquisition of Zagg.Money also contributed to the margin decrease.
Profit After Tax (PAT) saw a decline of 32.9% to ₹17.53 crore (₹175.3 million) from ₹26.11 crore (₹261.1 million) in Q1 FY26. The PAT Margin also reduced to 4.1% from 7.9% YoY. ESOP costs were ₹4.1 crore (₹41 million) in Q1 FY27 compared to ₹1.83 crore (₹18.3 million) in Q1 FY26. Adjusted Profit Before Tax (Adj. PBT) was ₹26.16 crore (₹261.6 million) in Q1 FY27, down from ₹34.9 crore (₹349 million) in Q1 FY26.
Raj P Narayanam, Founder and Executive Chairman, stated that Q1 FY27 marks an inflection point for Zaggle, focusing on optimizing core operations, scaling AI, integrating recent acquisitions, and instilling greater cash flow discipline. The company has completed an investment of ₹8 crore (Rs. 80 Mn) in Unobanc Private Limited, strengthening its capabilities in cross-border payments, forex cards, and remittances.
The Dice acquisition has brought marquee clients like Hindalco, Bajel, Trident Group, IDFC First Bank, Lenskart, Nephroplus, and XpressBees. Dice's technical expertise is accelerating Zaggle's AI roadmap, strengthening automated spend analytics, and predictive expense management.
Zaggle has issued over 50 million prepaid cards in partnership with 19 banking partners and serves over 4.03 million users as of June 30, 2026. The company operates in the business-to-business-to-customer segment and offers a diversified portfolio of SaaS products, including tax and payroll software.
What to do with a filing like this
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 high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
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.