Zaggle Prepaid Ocean Services

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Zaggle Prepaid Ocean Services shares rose over 11% after reporting a 56% increase in Q1 net profit to ₹ 26 crore. Operational revenue grew 32% to ₹ 332 crore. The company attributes growth to an expanding customer base and AI-driven strategies.

Small-cap stock Zaggle Prepaid Ocean Services, held by ace investor Ashish Kacholia, has surged over 25% in four sessions, showing resilience amid market volatility. On May 15, it rose nearly 10% in intraday trading on the BSE.

Zaggle Prepaid Ocean Services reported Q4FY25 results with a 66.8% increase in net profit to ₹ 32 crore and a 50.5% rise in revenue to ₹ 411 crore. EBITDA improved 34.6% YoY, but the margin decreased to 8.9% due to higher ESOP costs.

Zaggle Prepaid Ocean Services' stock hit a 5% upper circuit at ₹ 360 following the approval to acquire a 45.33% stake in Effiasoft. On Tuesday, the company announced that it had completed the acquisition of a 38.34% stake in Mobileware.

Zaggle Prepaid Ocean Services shares fell for the fourth day, losing nearly 25%. The stock opened at ₹ 391.05 and hit the 10% lower circuit limit after Q3 results showed revenue growth but increased expenses led to negative investor sentiment.

Zaggle Prepaid Ocean Services shares fell 10% to ₹ 424.30 after Q3FY25 results showed strong revenue growth but rising operating expenses. The company reported record revenue of ₹ 336 crore, driven by increased program fees and client spending, though costs surged 72% YoY.

Zaggle Prepaid Ocean Services, a SaaS fintech firm, has seen an 85% rally in its stock over three months. Analysts predict further upside potential of over 30%, bolstered by strategic acquisitions and partnerships.