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Zaggle Prepaid Ocean Services Ltd

Q2 FY26IT - Services

Zaggle Prepaid Ocean Services Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹170
Market cap₹2.3K Cr
P/E18.3
Updated16 Oct 2026
Read4 min read

The short version

Expect strong growth momentum across all revenue lines: program fees, Propel Points, and SaaS fees, as stated with a 42.4% Y-o-Y rise in Q2 FY26 revenue. Zaggle expects to break even on profit and loss in FY '26 and generate positive operating cash flow (OCF) from FY '27 onwards.

From Zaggle Prepaid Ocean Services Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • Expect strong growth momentum across all revenue lines: program fees, Propel Points, and SaaS fees, as stated with a 42.4% Y-o-Y rise in Q2 FY26 revenue.
  • Project healthy organic growth of 40%-50% over coming years by expanding product offerings and total addressable market (TAM).
  • Anticipate significant revenue ramp-up from new acquisitions like Greenedge (100% YoY growth, margin and revenue accretive) and Rio Money (entry into retail credit card space).
  • Retail credit card business with AU Small Finance Bank and other banks aiming for INR 500 crore revenue by year 5 starting from FY26-27 operations.
  • Fleet management business viewed as a “very large” future market; revenues expected to grow after a quarter or two of initial traction.

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Profitability & Margins

See what Zaggle Prepaid Ocean Services Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Zaggle Prepaid Ocean Services Limited is investing significantly in AI and product development to scale up globally, with continued intangible asset investments expected at least through FY ‘26.
  • They plan acquisitions strategically, targeting companies that add to current product suites, customer base, revenue, profitability, or geographic presence.
  • Recently announced acquisitions include Rio Money, Dice, and EffiaSoft, with two expected to close soon.
  • Post recent acquisitions, approximately INR 430-440 crore cash remains, with plans for 2-3 more acquisitions in the near future.
  • Acquisition targets must be either EBITDA accretive, strategic fits, or revenue generators.

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Top-ranked in IT - Services

Ranked on what management guided this quarter

Guidance-ranked
1Netweb Technol.
Rev 1Mar 3
2E2E Networks
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3
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4
Rev 1Mar 3
5
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Zaggle Prepaid Ocean Services Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders in numerical terms. However, relevant points inferred are: - The company has signed marquee clients including SMC Global, Pernod Ricard, Ultratech Cement, DTDC Express, Suryoday Small Finance Bank, and Nuziveedu Seeds. - Recent acquisitions (Greenedge and Rio Money) are revenue and margin accretive, driving business growth. - Large retail chain tie-up has started contributing small revenues, expected to grow significantly in coming quarters. - Fleet management solutions contracts with Adani Total Gas, Megha Gas, and tie-ups with oil marketing companies like HPCL, BPCL, IOCL suggest a growing order pipeline.

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Zaggle Prepaid Ocean Services Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹593 Cr, net profit ₹38 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Zaggle Prepaid Ocean Services Ltd Q2 FY26 results?

Expect strong growth momentum across all revenue lines: program fees, Propel Points, and SaaS fees, as stated with a 42.4% Y-o-Y rise in Q2 FY26 revenue. Zaggle expects to break even on profit and loss in FY '26 and generate positive operating cash flow (OCF) from FY '27 onwards.

What is Zaggle Prepaid Ocean Services Ltd share price analysis?

Zaggle Prepaid Ocean Services Ltd currently shows a neutral. The stock trades at a P/E of 18.3 with a market cap of ₹2,280 Cr. Investors should review the full earnings analysis for detailed insights.

Is Zaggle Prepaid Ocean Services Ltd planning capital expenditure?

Zaggle Prepaid Ocean Services Limited is investing significantly in AI and product development to scale up globally, with continued intangible asset investments expected at least through FY ‘26.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.