Latest news with #ZagglePrepaidOceanServices
Business Standard
2 days ago
- Business
- Business Standard
Zaggle Prepaid to acquire 100% stake in Greenedge Enterprises
Zaggle Prepaid Ocean Services said that it has agreed to acquire 100% stake in Greenedge Enterprises for total consideration of Rs 27 crore. Greenedge Enterprises operates as a solution provider for golf travel, experiences, and access-based rewards. Its turnover was Rs 19.82 crore in FY24. The acquisition will strengthen Zaggles product offerings in loyalty and rewards segment and travel segment giving a boost to its Propel platform. The acquisition is expected to be completed within 90 days. The mode of acquisition (cash consideration / shares swap) will be determined by the board at a later stage. 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 number 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. The companys consolidated net profit jumped 62.5% to Rs 31.14 crore on 50.8% increase in net sales to Rs 412.11 crore in Q4 FY25 over Q FY24. The counter shed 0.69% to end at Rs 440.05 on the BSE.
Business Upturn
3 days ago
- Business
- Business Upturn
Zaggle announces Rs 27 crore acquisition of Greenedge Enterprises
By Aditya Bhagchandani Published on June 5, 2025, 18:42 IST Zaggle Prepaid Ocean Services has announced its plan to acquire 100% shareholding in Greenedge Enterprises Private Limited for a total consideration of Rs 27 crore. The acquisition was disclosed through an exchange filing dated June 5, 2025, under Regulation 30 of SEBI's LODR regulations. Greenedge Enterprises, incorporated on March 9, 2009, operates in the niche space of golf-based loyalty, rewards, and travel experiences. The company reported a turnover of Rs 19.82 crore for FY24, up from Rs 13.67 crore in FY23 and Rs 7.28 crore in FY22. It has a paid-up capital of Rs 13 lakh and operates solely within India. Zaggle has signed a non-binding term sheet, with the acquisition expected to be completed within 90 days, subject to execution of definitive agreements and fulfillment of identified conditions. The mode of consideration—cash or share swap—will be decided by the board at a later stage. The move aims to enhance Zaggle's offerings in the loyalty and rewards segment, aligning with its broader Propel product suite. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Mint
15-05-2025
- Business
- Mint
Ashish Kacholia portfolio small-cap stock Zaggle Prepaid jumps over 25% in 4 days. Is there more steam left?
A small-cap stock held by ace investor Ashish Kacholia has been making waves of late, jumping over 25 per cent in four sessions, defying stock market volatility. Zaggle Prepaid Ocean Services surged almost 10 per cent in intraday trade on the BSE on Thursday, May 15, looking set to extend gains to the fourth consecutive session, even as equity benchmarks, the Sensex and the Nifty 50, trade volatile. Zaggle Prepaid share price opened at ₹ 399.50 on Thursday against its previous close of ₹ 396.60 and jumped 9.7 per cent to an intraday high of ₹ 435. Around 12:10 PM, the small-cap stock traded 6.64 per cent higher at ₹ 422.95. Equity benchmark Sensex was flat at 81,353. (This is a developing story. Please check back for fresh updates.)
Business Standard
12-05-2025
- Business
- Business Standard
Zaggle Prepaid Ocean Services consolidated net profit rises 62.53% in the March 2025 quarter
Sales rise 50.75% to Rs 412.11 crore Net profit of Zaggle Prepaid Ocean Services rose 62.53% to Rs 31.14 crore in the quarter ended March 2025 as against Rs 19.16 crore during the previous quarter ended March 2024. Sales rose 50.75% to Rs 412.11 crore in the quarter ended March 2025 as against Rs 273.37 crore during the previous quarter ended March 2024. For the full year,net profit rose 99.73% to Rs 87.92 crore in the year ended March 2025 as against Rs 44.02 crore during the previous year ended March 2024. Sales rose 68.10% to Rs 1303.76 crore in the year ended March 2025 as against Rs 775.60 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 412.11273.37 51 1303.76775.60 68 OPM % 8.729.96 - 8.749.10 - PBDT 47.5428.11 69 133.2168.14 95 PBT 41.2825.96 59 118.4259.78 98 NP 31.1419.16 63 87.9244.02 100
Mint
12-05-2025
- Business
- Mint
Zaggle Prepaid Q4 Results: Net profit rises 67% YoY to ₹32 crore, revenue up 50.5%
Zaggle Prepaid Ocean Services Q4FY25 results today: Zaggle Prepaid Ocean Services, a SaaS fintech company, released its audited financial results for the quarter and year ended March 31, 2025, on Monday, May 12, post market hours. The company reported a 66.8% jump in its standalone net profit to ₹ 32 crore, driven by strong revenue growth, which rose 50.5% year-on-year (YoY) to ₹ 411 crore. In the same quarter of the previous fiscal year, the company had reported a net profit of ₹ 19 crore and revenue of ₹ 273 crore. On the operating front, EBITDA improved 34.6% YoY to ₹ 36 crore, although the EBITDA margin declined to 8.9% from 10% in Q4FY24, impacted by a rise in ESOP costs. The year-on-year (YoY) growth in topline was driven by a notable rise across all revenue lines, primarily led by the strong performance of the Zoyer solution and organic growth in the Save & Propel business segments. The company also benefited from the addition of new clients and users, along with effective cross-sell initiatives. For the full year of FY25, Zaggle Prepaid Ocean Services reported a profit after tax (PAT) of ₹ 87.4 crore, up from ₹ 44 crore in FY24, while revenue from operations surged 68% YoY to ₹ 1,302 crore. Meanwhile, the company projects total ESOP expenses for FY26 to be approximately ₹ 90–100 million. Commenting on the performance, Raj P. Narayanam, founder and executive chairman, said, "This year has been exceptional, with our highest yearly performance ever. FY25 revenues have surpassed our guidance, crossing the ₹ 13,000 million mark and achieving a 68.0% year-on-year growth. Also, our PAT at ₹ 874.8 million was almost double that of last year. This combination of high growth and strong profitability is a clear sign of the longevity of our business model and discipline in execution." "Building on our strong performance, we project our organic FY26 topline growth to range between 35% and 40%, and we are upping our guidance for EBITDA margin in the range of 10% to 11%. As we continue to scale, we remain focused on driving margin expansion through increased operating leverage, operational efficiencies, and cross-sell opportunities," he further said.
