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Zaggle Prepaid Ocean Services Ltd News

Zaggle Prepaid more-than-doubles over issue price amid solid order inflow

Shares of Zaggle Prepaid Ocean Services zoomed 16.7 per cent to Rs 335.15 per share, also its all-time high, on the BSE on Monday amid robust business outlook

Zaggle Prepaid more-than-doubles over issue price amid solid order inflow
Updated On : 26 Feb 2024 | 2:52 PM IST

Zaggle Prepaid Q3 results: Profit rises 92.7% to Rs 19.5 cr, revenue up 35%

New credit card offerings and lower finance costs helped fintech player Zaggle Prepaid Ocean Services Ltd post a strong 35 per cent growth in revenue in the December quarter, a top company official said on Friday. The fintech player, which provides spend management products and solutions, also said that its recent Rs 200 crore deal with Torrent Gas Ltd offers significant volume and margin potential. Zaggle reported its all-time high quarterly revenue of Rs 199.5 crore for the October-December quarter of 2023-24, a growth of 35.1 per cent over Rs 147 crore in the year-ago period. "The record-breaking performance is a result of our product portfolio's strategic diversification and the successful launch of commercial credit card offerings," Zaggle executive chairman and founder Raj P Narayanam said. "With Torrent Gas Ltd joining as a client, we have entered the fleet loyalty card program, offering significant volume and margin potential," he said, adding that the company is tapping in

Zaggle Prepaid Q3 results: Profit rises 92.7% to Rs 19.5 cr, revenue up 35%
Updated On : 09 Feb 2024 | 3:47 PM IST