Zaggle Prepaid Ocean Services has reported impressive growth for the financial year ended March 31, 2026. The company achieved a consolidated annual revenue of ₹19,456.49 million, representing a substantial increase over the previous year. Profit for the year also surged to ₹1,387.55 million. This growth is driven by expanding business lines and strategic acquisitions, positioning the company for continued success in the spend management solutions sector.
Financial Highlights
For the fiscal year ending March 31, 2026, Zaggle delivered a robust financial performance. The company posted a consolidated revenue of ₹19,456.49 million, compared to ₹13,305.30 million in the previous year. Profitability also witnessed significant momentum, with the annual profit reaching ₹1,387.55 million, up from ₹878.98 million in the prior year. On a quarterly basis, the performance for the final quarter (Q4) remained strong, with a consolidated revenue of ₹6,263.15 million.
Strategic Growth and Acquisitions
The company has aggressively pursued inorganic growth to solidify its market position. During the 2025-26 period, Zaggle completed the acquisition of Rivpe Technology Private Limited, making it a wholly-owned subsidiary. Additionally, the company secured full ownership of Greenedge Enterprises Private Limited. These strategic moves, combined with the incorporation of Zaggle Payments IFSC Limited in GIFT City, are designed to scale its global payment capabilities and SaaS-based spend management offerings.
Operating Performance
Zaggle’s business model continues to see strong traction across its core segments. Revenue from ‘Propel’ platform and gift cards remains a primary growth driver, contributing ₹11,074.07 million to the annual top-line. The company’s focus on ‘Program Fees’ and ‘SaaS/Service Fees’ also demonstrated healthy year-over-year growth, underscoring the effectiveness of its diversified product portfolio in the evolving digital payments landscape.
Future Outlook
Looking ahead, the company continues to invest in technology and product development. Having fully utilized its Initial Public Offer (IPO) proceeds of ₹3,621.60 million, management remains committed to strategic investments. Furthermore, the company has already initiated plans for further expansion, including the approved acquisition of assets from Dice Enterprises Private Limited for approximately ₹679 million, aimed at further enhancing its footprint in the spend management space.
Source: BSE
