Any current/future new fundraising through debt or equity?

The company has board approval for a Qualified Institutional Placement (QIP) to raise up to INR 950 crores, subject to shareholder approval. This raise is an enabling resolution valid for one year, aimed at preparing for opportunities in organic growth, inorganic growth, and international expansion. No firm split between organic and inorganic growth use of funds is provided yet, and the company is ready to act when the right opportunities arise. There is no specific mention of new debt fundraising in the provided text. The company is actively seeking M&A opportunities including in NBFC

Any current/future capex/capital investment/strategic investment?

The company has board approval for a fundraise of up to INR 950 crores (subject to shareholder approval), intended to enable capital raising for organic growth, inorganic growth, and international expansion. They are actively seeking M&A opportunities in fintech, including NBFCs, payments, SaaS, and international markets (especially the US). The INR 950 crore fundraise will provide flexibility to capitalize on opportunities as they arise but no exact split between organic and inorganic use is provided yet. Strategic investments include a completed acquisition of TaxSpanner to expand tax servic

Future growth expectations in sales/revenue/volumes?

Zaggle projects strong top-line growth with updated guidance of 50% to 55% revenue growth for FY25. The company aims to double FY24 revenues within the next 2 years. Revenue growth is supported by diversification of products and solutions, including Propel, Zoyer, fleet management, international payments, and BBPS solutions. Cross-selling across platforms is a key growth driver, increasing customer dependency and acquisition efficiency. International expansion and inorganic growth through acquisitions (including potential NBFC acquisition) are planned to enhance market reach. New product lines

Future growth expectations in earnings/operating earnings/profits/EPS?

The company expects significant growth in EBITDA margins over the next few years due to high operating leverage and cross-sell opportunities. Management refrains from providing hard numbers but indicates a substantial expansion in profitability is anticipated. Previous guidance suggested medium to long-term EBITDA margins around 15%-16%. Top-line growth guidance for FY25 is maintained at 50%-55%, with confidence in doubling revenues over the next two years. The company plans aggressive growth while protecting or improving margins, transitioning from selling products to a platform appro

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention the current or expected order book or detailed pending orders. However, there are indications of strong ongoing demand and business development: - Successful signing of LOIs and pilots in fleet management with large customers beyond Torrent Gas. - Continuous addition of high-profile corporate customers. - Growth focus on large enterprise customers with increasing user additions over the next few quarters. - Expansion into new verticals like fleet management, international payments, and NBFC-related tech-led products. The company is aggressivel

Zaggle PrepaidQ2 FY25IT - Services

Zaggle Prepaid Q2 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹162.78P/E: 17.6Market Cap: ₹2.2K CrSector: IT - Services

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

3 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 1

Zaggle projects strong top-line growth with updated guidance of 50% to 55% revenue growth for FY25.
The company aims to double FY24 revenues within the next 2 years.
Revenue growth is supported by diversification of products and solutions, including Propel, Zoyer, fleet management, international payments, and BBPS solutions.
Cross-selling across platforms is a key growth driver, increasing customer dependency and acquisition efficiency.
International expansion and inorganic growth through acquisitions (including potential NBFC acquisition) are planned to enhance market reach.
New product lines like tax services (via TaxSpanner acquisition) and partnerships with platforms (e.g., marketplace listings) are expected to contribute to revenue.
The corporate card spends and total transaction volumes are growing, with emphasis on increased spends per card rather than number of cards.
Operational leverage and cross-sell initiatives are expected to significantly expand EBITDA margins over the next few years.

Margin guidance

Category 3

The company expects significant growth in EBITDA margins over the next few years due to high operating leverage and cross-sell opportunities.
Management refrains from providing hard numbers but indicates a substantial expansion in profitability is anticipated.
Previous guidance suggested medium to long-term EBITDA margins around 15%-16%.
Top-line growth guidance for FY25 is maintained at 50%-55%, with confidence in doubling revenues over the next two years.
The company plans aggressive growth while protecting or improving margins, transitioning from selling products to a platform approach to improve cost efficiency and customer dependence.
Profit after tax (PAT) guidance for FY25 and FY26 is not provided yet as it is considered too early.
M&A and inorganic growth, including possible NBFC acquisitions, are part of the strategy to enhance profits and deepen market penetration.

See what Zaggle Prepaid management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The company has board approval for a Qualified Institutional Placement (QIP) to raise up to INR 950 crores, subject to shareholder approval.
This raise is an enabling resolution valid for one year, aimed at preparing for opportunities in organic growth, inorganic growth, and international expansion.
No firm split between organic and inorganic growth use of funds is provided yet, and the company is ready to act when the right opportunities arise.
There is no specific mention of new debt fundraising in the provided text.
The company is actively seeking M&A opportunities including in NBFC and fintech sectors for potential inorganic expansion.

Order book

The transcript does not explicitly mention the current or expected order book or detailed pending orders.
However, there are indications of strong ongoing demand and business development:
- Successful signing of LOIs and pilots in fleet management with large customers beyond Torrent Gas.
- Continuous addition of high-profile corporate customers.
- Growth focus on large enterprise customers with increasing user additions over the next few quarters.
- Expansion into new verticals like fleet management, international payments, and NBFC-related tech-led products.
The company is aggressively pursuing growth and expects these efforts to reflect in increasing order intake and revenue streams.
The enabling resolution to raise up to INR 950 crores via QIP aims to capitalize on growth opportunities both organic and inorganic, possibly indicating a robust pipeline.
Overall, while exact orderbook figures are not disclosed, the management highlights strong traction and potential in multiple business lines.

See what Zaggle Prepaid management said on order book — free account, 30 seconds.

Capex plans

Yes

The company has board approval for a fundraise of up to INR 950 crores (subject to shareholder approval), intended to enable capital raising for organic growth, inorganic growth, and international expansion.
They are actively seeking M&A opportunities in fintech, including NBFCs, payments, SaaS, and international markets (especially the US).
The INR 950 crore fundraise will provide flexibility to capitalize on opportunities as they arise but no exact split between organic and inorganic use is provided yet.
Strategic investments include a completed acquisition of TaxSpanner to expand tax services, and an investment in Mobileware Technologies, which is involved in developing payment infrastructure in India.
The company is focused on expanding products and cross-selling while moving from a product to a platform company, implying ongoing investment in technology and infrastructure.

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