Zaggle's Fintech Surge: 53% Profit Jump in Q1 2026

In the June 2026 quarter, Zaggle Prepaid Ocean Services Ltd, a leading SaaS-based fintech player in spend management solutions, reported a stellar 53% year-on-year jump in net profit, reaching ₹27 crore compared to ₹17 crore in the same period last year.

The company's revenue also saw a significant 31.6% increase, rising to ₹332 crore, while EBITDA climbed 36.8% to ₹31 crore. Margins improved to 9.2% from 8.8% a year earlier, showcasing Zaggle's strong financial performance.

Founder and Executive Chairman Raj P. Narayanam highlighted that Q1 2026 marked the company's best first-quarter performance, despite the seasonal softness, with growth visible across all revenue streams. The quarter saw notable client additions, including Hindustan Pencils, Apollo Health, Mo Engage, Novozymes, DTDC, CK Birla Healthcare, and Truecaller.

Narayanam emphasized that AI has now become central to Zaggle's product strategy, with initiatives spanning sales automation, customer engagement, and bill processing at various stages of deployment. These AI-powered solutions are expected to drive further growth and efficiency for the company.

Zaggle's inorganic growth efforts have also gained traction, with Moblieware delivering robust results and TaxSpanner anticipated to see momentum in the second quarter after an extension in the tax-filing deadline.

Looking ahead, Zaggle has reaffirmed its FY 2026 guidance, projecting a topline growth of 35-40% and EBITDA margins between 10-11%.