Zaggle Prepaid Ocean Services Limited has reported robust financial performance for the year ended March 31, 2026. The company achieved a consolidated annual revenue of ₹19,456.49 million, representing significant growth compared to the previous fiscal year. Consolidated profit for the year stood at ₹1,387.55 million. These results underscore the company’s successful expansion into new business segments and its strategic focus on scaling its spend management solutions platform.
Financial Highlights for FY 2025-26
The company has concluded a strong fiscal year, marked by substantial growth across its key revenue streams. For the year ended March 31, 2026, consolidated revenue reached ₹19,456.49 million, a notable increase from the ₹13,305.30 million recorded in the previous financial year. The consolidated profit for the period climbed to ₹1,387.55 million, up from ₹878.98 million in the prior year, reflecting improved operational efficiency and market reach.
Segment Performance
The company’s performance was bolstered by growth in its core business segments. The Propel platform revenue/gift cards segment remained the primary contributor, generating ₹11,074.07 million. The Program fee segment also showed strong momentum, contributing ₹7,523.35 million to the total annual revenue. These results highlight the effectiveness of the company’s focus on the spend management space.
Strategic Acquisitions and Expansion
During the fiscal year, the company made significant strides in inorganic growth through strategic acquisitions. This includes the successful integration of Rivpe Technology Private Limited and Greenedge Enterprises Private Limited, both of which are now wholly-owned subsidiaries. Additionally, the company incorporated Zaggle Payments IFSC Limited in GIFT City, Gujarat, to expand its global cross-border payment capabilities. These moves are set to strengthen the company’s product ecosystem and broaden its addressable market in the upcoming fiscal years.
Capital Utilization and Future Outlook
As of March 31, 2026, the company has fully utilized its IPO proceeds of ₹3,621.60 million for its stated objectives, including customer acquisition, technology development, and debt repayment. Furthermore, a substantial portion of the capital raised through a Qualified Institutions Placement (QIP) in the previous year remains available for strategic investments, ensuring the company maintains a solid liquidity position to support its future growth initiatives.
Source: BSE
