Zaggle Shares Rally 13% To INR 414

SUMMARY

The rally came days after the company announced its Q1 FY26 result in the last trading session on Thursday (August 14)

Zaggle’s consolidated net profit rose 56% year on year (YoY) to INR 26.1 Cr in Q1 FY26. Its operating revenue zoomed 32% to INR 332 Cr from INR 252.2 Cr in Q1 FY25

The stock’s uptrend today aligns with the broader Indian indices trading in green, with Sensex up 1.03%

Shares of listed SaaS fintech company Zaggle surged as much as 12.9% to INR 414.35 during the early trading hours on the BSE today.

The rally came days after the company announced its results for the first quarter of the financial year ending 2025-2026 (Q1 FY26) in the last trading session on Thursday (August 14).

Zaggle’s consolidated net profit rose 56% year on year (YoY) to INR 26.1 Cr in Q1 FY26. Its operating revenue zoomed 32% to INR 332 Cr from INR 252.2 Cr in Q1 FY25. On a sequential basis, both the bottom line and the topline contracted 16% and 19%, respectively.

Even at 2:30 PM, the shares remained up 9.1% at INR 400.95 on the BSE, taking the company’s market capitalisation to INR 5,382.17 Cr.

The stock’s uptrend today aligns with the broader Indian indices trading in green, with Sensex up 1.03% to 81,427.64 at 2:40 PM.

The stock has given a negative return of 26.66% on a year-to-date basis. However, the shared managed to recover some ground, posting a negative return of 3% over the past month.

The stock remains 62.67% below its 52-week high of INR 597, recorded on December 17 last year. While it is 22.7% above its 52-week low of INR 299 reported on April 09 2025.

It’s worth noting that Zaggle shares delivered a stellar performance in 2024 before undergoing a correction due to a broader market slowdown.

While Zaggle’s adjusted EBITDA rose about 28% year-over-year (YoY) to INR 32.7 Cr in Q1 FY26, its adjusted EBITDA margin declined by 20 basis points (bps) YoY to 9.9%.

The company’s management reiterated its guidance for the year, with top-line growth expected in the range of 35% to 40% and an adjusted EBITDA margin projected to be between 10% and 11%.

For this quarter, notable customer additions include Hindustan Pencils, ApolloHealth, MoEngage, Novozymes, DTDC, CK Birla Healthcare, and Truecaller. Zaggle claims to have more than 3,500 corporate clients with 3.3 Mn users and has issued over 50 Mn prepaid cards in partnership with 16 banks.

The company has also been pursuing inorganic expansion, with recent acquisitions, including UPI player Rio.Money in July and enterprise spend management startup Dice Enterprises in June. Besides, it also picked up stakes in Mobileware and Effiasoft in March.

Shares of Zaggle ended today’s trading session 11.4% higher at INR 409.20 on the BSE.

Note: The headline and the copy have been edited to include the new intraday high.