Zaggle Prepaid Ocean Services Limited has reported its strongest annual financial performance to date, with consolidated annual revenue reaching INR 1,908 crores in FY26, a 46% increase over the previous year. The company successfully completed the acquisition of DICE as an asset purchase for INR 68 crores, bolstering its AI-driven spend management capabilities. Zaggle remains committed to global expansion, focusing on the UAE and U.S. markets while prioritizing cash flow optimization.
Financial Highlights
For the fiscal year ended March 31, 2026, Zaggle delivered robust results. The company reported consolidated annual revenue of INR 1,908 crores, representing a 46% year-on-year growth. Consolidated adjusted EBITDA rose to INR 192 crores, a 51% increase, while the Profit After Tax (PAT) surged to INR 139 crores, marking a 52% growth compared to FY25. The company also noted that its Propel platform surpassed INR 1,000 crores in volume for the first time.
Strategic Acquisitions and Product Growth
Zaggle has shifted its strategy regarding the acquisition of DICE, moving to an asset purchase agreement valued at INR 68 crores. This acquisition integrates advanced AI capabilities into Zaggle’s ecosystem, positioning the company to dominate the travel and expense management sectors. Furthermore, the company reported significant growth in its 86400 business, which saw revenues climb 118% to INR 74 crores, and its GreenEdge business, which achieved a 184% revenue jump to INR 103.7 crores in FY26.
Focus on Innovation and Global Markets
The company continues to leverage AI to optimize its internal processes, reducing feature launch times by up to 50%. Zaggle’s global roadmap remains committed to expansion, with the UAE serving as a primary growth pillar. Additionally, the company is preparing to enter the U.S. market, with operations projected to kick off by the end of the current financial year. Management highlighted a shift toward agentic AI solutions for enterprise clients, specifically designed for complex tasks like invoice mapping and tax optimization.
Outlook and Cash Flow Management
Looking ahead to FY27, Zaggle has provided a growth guidance of 25% to 30% for its stand-alone business and approximately 40% for consolidated growth. A primary management focus remains on improving operating cash flows and maintaining disciplined capital allocation. While acknowledging the competitive need for incentives in the current market, leadership expressed a clear objective to reduce cash-back and incentive spends as customer habits mature and the overall platform base scales.
Source: BSE
