Zaggle Prepaid Ocean Services Limited – Q1 FY26 Results Summary
Announcement Date: August 14, 2025

Key Financial Metrics (Consolidated):

  • Revenue: ₹3,319.65 million, up 31.6% YoY (₹2,522.06 million), down QoQ from ₹4,121.07 million
  • EBITDA (proxy): ₹428.46 million; EBITDA Margin: ~12.5%
  • Net Profit: ₹261.05 million, up 56% YoY (₹167.34 million), down QoQ from ₹311.26 million
  • Net Profit Margin: ~7.6%
  • Basic EPS: ₹1.94 vs ₹1.37 YoY; diluted EPS ₹1.94

Balance Sheet / Capital Structure:

  • IPO proceeds of ₹3,621.60 million largely utilised (₹2,733.73 million), with ₹887.87 million unutilised and invested in bank deposits
  • QIP raised ₹5,948.41 million gross (₹5,741.37 million net); ₹836.78 million utilised for debt repayment, strategic investments, and corporate purposes; ₹4,904.60 million unutilised, held in deposits and ₹360 million advance for share acquisition
  • Partial borrowings repayment from IPO and QIP proceeds

Segment Performance:

  • Revenue split (Q1 FY26 consolidated):
    • Program Fee: ₹1,454.78 million
    • Propel Platform Revenue / Gift Cards: ₹1,759.04 million
    • Platform Fee / SaaS / Service Fee: ₹105.83 million
  • Entire revenue generated domestically (India)

Management Commentary & Corporate Actions:

  • Results prepared as per Ind AS and SEBI regulations; no changes in accounting policies
  • Strategic investment in associate ongoing via QIP proceeds; ₹360 million advance paid towards share acquisition
  • Employee Stock Options: 30,277 shares allotted at ₹233 per share during the quarter
  • Subsidiary reported a small net loss; associate contributed profit; both included in consolidated results
  • No disclosures on capital expenditure or restructuring activities

Auditor’s Note:

  • Limited review by MSKA & Associates with no qualifications or concerns reported

Outlook:

  • No explicit guidance provided; management highlights utilisation of capital raised for customer acquisition, technology development, debt repayment, and strategic investments

This summary captures the key financial and operational highlights from Zaggle Prepaid Ocean Services Limited’s Q1 FY26 results for investment analysis purposes.