Zaggle Q3 FY26: Revenue up 48% to ₹498 Cr, PAT surges 78% to ₹36 Cr
Zaggle Prepaid Ocean Services Limited reported Q3 FY26 revenue of ₹498 crore, up 48% YoY. PAT surged 78% to ₹36 crore. Nine-month revenue reached ₹1,260 crore, with PAT at ₹95 crore. The company completed the acquisition of Rio.money (now ZAGG.money) and is expanding internationally with a subsidiary in GIFT City and plans for UAE operations.
The strong financial performance, completion of a significant acquisition (Rio.money), international expansion plans, and strategic partnerships with major players like Visa and Mastercard are material events that are likely to have a significant impact on the company's future growth and market position.
The company reported strong year-on-year growth in revenue and profit, crossing key milestones like Adjusted EBITDA of ₹50 crore for the first time. Strategic acquisitions, international expansion plans, and new partnerships further indicate positive future prospects.
Zaggle Prepaid Ocean Services Limited reported its Q3 FY26 results, showcasing strong year-on-year growth. Revenue reached ₹498 crore, a 47.9% increase from the previous year, narrowly missing the ₹500 crore mark. Adjusted EBITDA crossed ₹50 crore for the first time, growing 62.9% to ₹51 crore. Profit After Tax (PAT) surged by 77.7% to ₹36 crore, with margins improving to 7.2%.
For the nine-month period ended December 31, 2025, the company's revenue grew by 41.4% to ₹1,260 crore. Adjusted EBITDA increased by 47.5% to ₹128 crore, and PAT grew significantly to ₹95 crore. The company highlighted its AI journey, with Agentic AI workflows expected to reduce product development time significantly. Acquisitions like Greenedge and Mobileware (rebranded as 86400) are showing strong performance.
Zaggle also announced the completion of its acquisition of Rio.money (now ZAGG.money), marking a fourth monetization pillar with a captive base of 3.7 million salaried users. A primary capital infusion of over ₹100 crore is earmarked to accelerate revenue in this segment. The company also received board approval for a wholly-owned subsidiary in GIFT City, Zaggle Payments IFSC Limited, and is in the final stages of establishing operations in Abu Dhabi, UAE.
The company's CEO and MD, Mr. Avinash Godkhindi, was recognized with 'India's Most Influential CEO Award' and 'The Impactful Soonicorn CEO Award'. The company has also deepened partnerships with Visa (7-year agreement) and Mastercard (5-year contract) for co-branded prepaid and credit cards, respectively.
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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 high impact, which is the band that most often changes something.
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