Zaggle Prepaid Ocean Services has recently unveiled its impressive financial results for the fourth quarter and full fiscal year ending March 31, 2025. The SaaS fintech company shared its audited figures on Monday, May 12, after market hours. Notably, the company reported a remarkable 66.8% increase in standalone net profit, reaching ₹32 crore, fueled by a 50.5% year-on-year revenue surge, totaling ₹411 crore.

Strong Revenue Growth

In comparison, the previous fiscal year saw Zaggle achieving a net profit of ₹19 crore and revenues of ₹273 crore in the same quarter. The company’s operating performance also showed positive signs, with EBITDA rising 34.6% year-on-year to ₹36 crore. However, the EBITDA margin experienced a slight decline, dropping to 8.9% from 10% in Q4FY24, primarily due to increased costs associated with Employee Stock Ownership Plans (ESOP).

• Key Financial Metrics:
  • Standalone Net Profit: ₹32 crore (up 66.8% YoY)
  • Revenue: ₹411 crore (up 50.5% YoY)
  • EBITDA: ₹36 crore (up 34.6% YoY)
  • EBITDA Margin: 8.9% (down from 10% YoY)

Drivers of Growth

The significant year-on-year growth can be attributed to robust performance across various revenue streams. The Zoyer solution and the Save & Propel business segments played pivotal roles in driving this success. Additionally, the company’s efforts to attract new clients and users, coupled with effective cross-selling strategies, contributed to its impressive results.

For the full fiscal year 2025, Zaggle reported a profit after tax (PAT) of ₹87.4 crore, a substantial increase from ₹44 crore in FY24. Revenue from operations soared by 68% year-on-year, reaching ₹1,302 crore. Looking ahead, the company anticipates ESOP expenses for FY26 to be in the range of ₹90–100 million.

Future Projections

Raj P. Narayanam, the founder and executive chairman, expressed enthusiasm about the company’s achievements, stating, “This year has been exceptional, with our highest yearly performance ever. FY25 revenues have surpassed our guidance, crossing the ₹13,000 million mark with a 68.0% year-on-year growth. Our PAT of ₹874.8 million was almost double that of last year, highlighting the sustainability of our business model and our disciplined execution.”

He also indicated that Zaggle aims for organic revenue growth of 35% to 40% in FY26. Furthermore, the company is raising its guidance for EBITDA margins to between 10% and 11%, focusing on enhancing operational efficiencies and leveraging cross-sell opportunities as it scales.

• Future Goals:
  • Organic Revenue Growth: 35% to 40% for FY26
  • EBITDA Margin Target: 10% to 11%

In today’s trading session, Zaggle Prepaid shares rose by 8.38%, closing at ₹366.60 on the BSE, reflecting investor confidence in the company’s promising outlook.

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