Latest news with #HindustanPencils
Mint
a day ago
- Business
- Mint
Ashish Kacholia portfolio stock jumps 11% on Q1 results 2025. Details here
Shares of Zaggle Prepaid Ocean Services surged over 11% on Monday's session after strong Q1 results. On Thursday, August 14, the Fintech company announced that its consolidated net profit surged by 56% year-on-year, reaching approximately ₹ 26 crore for the first quarter that ended in June 2025. This marks an increase from the net profit of ₹ 16.73 crore recorded in the same quarter last year, according to a regulatory filing by Zaggle Prepaid Ocean. Zaggle Prepaid Ocean's operational revenue rose by around 32% to ₹ 332 crore for the reported quarter, compared to ₹ 252.2 crore in the quarter ending June 2024. "Our first-quarter performance has been our strongest to date, even though it is typically a slower period in the year. The growth in our total customer base and user numbers has led to noticeable healthy growth across our revenue streams," stated Raj P Narayanam, Founder and Executive Chairman of Zaggle Prepaid Ocean Services. The firm has recently welcomed clients including Hindustan Pencils, Apollo Health, Mo Engage, Novozymes, DTDC, CK Birla Healthcare, and Truecaller. Narayanam mentioned that the company is achieving new heights of scale and efficiency by placing AI at the center of its product strategy. Ashish Kacholia holds a 2.24% stake in Zaggle Prepaid Ocean Services, which is equivalent to 3,003,356 shares. Zaggle Prepaid share price today opened at ₹ 387 apiece on the BSE, the stock touched an intraday high of ₹ 409.50 per share and an intraday low of ₹ 383.25 apiece. Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, explained that on the daily chart, we are seeing a bullish reversal Kicking candlestick pattern, the formation is seen with strong surge in volumes and has helped prices to confirm a range breakout. Prices are likely to extend upmove possibly towards 430 levels in the near term, whereas 380 followed by 360 is seen as strong support. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Business Standard
a day ago
- Business
- Business Standard
Zaggle Prepaid gains after Q1 PAT spurts 55% YoY to Rs 26 cr
Zaggle Prepaid Ocean Services jumped 7.12% to Rs 393.45 after the company's standalone net profit surged 54.8% to Rs 25.88 crore on a 31.4% increase in revenue from operations to Rs 331.49 crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) rose 51.8% YoY to Rs 34.56 crore in Q1 FY26 from Rs 22.76 crore recorded in Q1 FY25. Reported EBITDA stood at Rs 30.90 crore in Q1 FY26, registering a growth of 37.7% compared with the Rs 22.43 crore posted in the same quarter last year. The reported EBITDA margin improved to 9.3% in Q1 FY26 as against 8.9% in Q1 FY25. Raj P Narayanam, founder and executive chairman of Zaggle Prepaid Ocean Services, said, I am delighted to share that we have begun the year on a solid note, with Q1FY26 revenues reaching INR3,314.9 Mn, a 31.4% YoY growth, along with an adjusted EBITDA margin of 9.9% and a PAT margin of 7.8%. This is by far our best first-quarter performance, despite being a slower quarter in the year. With strong fundamentals in terms of growth in the total number of customers and users, healthy growth was visible across our revenue streams. Our recent strategic customer wins, such as Hindustan Pencils, ApolloHealth, Mo Engage, Novozymes, DTDC, CK Birla Healthcare, Truecaller, etc., reinforce our value proposition. We are unlocking new levels of scale and efficiency with AI at the core of our product strategy. Our AI initiatives in multiple areas, including sales automation, customer support & engagement, and bill processing, are at various stages of deployment. Our inorganic growth plans are panning out the way we had envisioned, and we are already seeing encouraging results in existing investments. Moblieware delivered a stellar performance in Q1FY26. For TaxSpanner, we anticipate significant momentum to kick in in Q2 FY26 on account of an extension in the tax filing deadline. We would like to reiterate our guidance for the year, with topline growth expected in the range of 35% to 40% and EBITDA margins projected between 10% and 11%. Zaggle Prepaid Ocean Services (Zaggle) is a leading player in spend management, with a differentiated value proposition and diversified user base. The company operates in the business-to-business-to-customer segment. It is one of the largest numbers of issued prepaid cards in India in partnership with its banking partners. Additionally, the company has a diversified portfolio of software as a service (SaaS) products, including tax and payroll software, and a wide touchpoint reach.
Economic Times
5 days ago
- Business
- Economic Times
Zaggle Q1 profit jumps 56% YoY to Rs 26 crore; revenue up 32%
Agencies Spend management platform Zaggle Prepaid Ocean Services reported a 56.2% year-on-year (YoY) increase in net profit to Rs 26.1 crore for the June quarter, driven by revenue growth across segments and new customer additions. Revenue from operations rose 31.6% YoY to Rs 331.9 crore, while adjusted earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 27.9% to Rs 32.7 crore. The Hyderabad-based company added several strategic clients during the quarter, including Hindustan Pencils, Apollo Health, Mo Engage, Novozymes, DTDC, CK Birla Healthcare, and Truecaller. Its customer base spans across banking, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile sectors. Total expenses rose to Rs 309.5 crore from Rs 233.9 crore a year earlier, with more than 70% attributed to the cost of point redemption and gift cards. Spending on incentives and cashbacks stood at Rs 95.5 crore.'This is by far our best first-quarter performance, despite being a slower quarter in the year. With strong fundamentals in terms of growth in the total number of customers and users, healthy growth was visible across our revenue streams,' said Raj P Narayanam, founder and executive chairman, company is deploying artificial intelligence (AI) tools for sales automation, customer support, engagement, and bill processing and is also pursuing inorganic growth through investments and acquisitions. In July, Zaggle announced it would acquire a 100% stake in fintech startup Rio Money for Rs 22 crore, marking its entry into the consumer credit card space via Unified Payments Interface (UPI). It also acquired spend management startup Dice Enterprises and GreenEdge Enterprises, a loyalty solutions provider. Narayanam said inorganic growth plans were on track, with portfolio company Mobileware Technologies delivering strong performance. He added that Zaggle would continue to assess merger and acquisition opportunities selectively while exploring adjacent sectors for in 2011, Zaggle operates in the business-to-business-to-customer (B2B2C) segment, offering prepaid card programmes, SaaS-based expense and rewards management tools, and incentive platforms for corporates. It works with multiple banking partners and, as of June 30, 2025, had issued over 50 million prepaid cards and served more than 3,500 corporate clients and 3.39 million of Zaggle closed at Rs 367.3 on the BSE on Thursday. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks Good, bad, ugly: How will higher ethanol in petrol play out for you? As big fat Indian wedding slims to budget, Manyavar loses lustre As 50% US tariff looms, 6 key steps that can safeguard Indian economy Stock Radar: JSPL forms Ascending Triangle pattern on weekly charts, could hit fresh 52-week high soon Nifty and business are different species: 5 small-cap stocks from different sectors with upside potential of up to 30% F&O Radar | Deploy Bear Put Spread in Nifty to play index's negative stance amid volatility Wealth creation: Look beyond the obvious in some things; 10 fertilizer sector companies worth watching
Time of India
5 days ago
- Business
- Time of India
Zaggle Q1 profit jumps 56% YoY to Rs 26 crore; revenue up 32%
Spend management platform Zaggle Prepaid Ocean Services reported a 56.2% year-on-year (YoY) increase in net profit to Rs 26.1 crore for the June quarter, driven by revenue growth across segments and new customer from operations rose 31.6% YoY to Rs 331.9 crore, while adjusted earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 27.9% to Rs 32.7 Hyderabad-based company added several strategic clients during the quarter, including Hindustan Pencils, Apollo Health, Mo Engage, Novozymes, DTDC, CK Birla Healthcare, and Truecaller. Its customer base spans across banking, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile expenses rose to Rs 309.5 crore from Rs 233.9 crore a year earlier, with more than 70% attributed to the cost of point redemption and gift cards. Spending on incentives and cashbacks stood at Rs 95.5 crore.'This is by far our best first-quarter performance, despite being a slower quarter in the year. With strong fundamentals in terms of growth in the total number of customers and users, healthy growth was visible across our revenue streams,' said Raj P Narayanam, founder and executive chairman, company is deploying artificial intelligence (AI) tools for sales automation, customer support, engagement, and bill processing and is also pursuing inorganic growth through investments and July, Zaggle announced it would acquire a 100% stake in fintech startup Rio Money for Rs 22 crore , marking its entry into the consumer credit card space via Unified Payments Interface (UPI). It also acquired spend management startup Dice Enterprises and GreenEdge Enterprises, a loyalty solutions said inorganic growth plans were on track, with portfolio company Mobileware Technologies delivering strong performance. He added that Zaggle would continue to assess merger and acquisition opportunities selectively while exploring adjacent sectors for in 2011, Zaggle operates in the business-to-business-to-customer (B2B2C) segment, offering prepaid card programmes, SaaS-based expense and rewards management tools, and incentive platforms for corporates. It works with multiple banking partners and, as of June 30, 2025, had issued over 50 million prepaid cards and served more than 3,500 corporate clients and 3.39 million of Zaggle closed at Rs 367.3 on the BSE on Thursday.
