Zaggle Q4 profit jumps 31% as revenue surges on strong digital payments growth

Zaggle Prepaid Ocean Services reported a 30.6% year-on-year rise in consolidated net profit for the fourth quarter of FY26 at ₹41 crore, compared with ₹31 crore in the corresponding period last year, driven by strong revenue growth and improved operating margins.

Revenue from operations surged nearly 50% year-on-year to ₹618 crore during the quarter from ₹412 crore a year ago, while EBITDA climbed 62.4% to ₹58.3 crore from ₹35.9 crore.

EBITDA margin improved to 9.4% from 8.7% in the year-ago quarter.

Founder and Executive Chairman Raj P Narayanam said the company delivered its strongest-ever quarterly and annual performance, marking the third consecutive quarter of record results.

For FY26, the company posted revenue of ₹19,076 million, up 46.3% year-on-year, while adjusted EBITDA rose 51% to ₹1,916 million and profit after tax increased 51.8% to ₹1,388 million.

During the year, the company expanded its AI-led capabilities and completed the acquisitions of Greenedge Enterprises and Rivpe Technology, which has been rebranded as Zagg.Money.

It also entered the consumer retail credit card segment and established Zaggle Payments IFSC Ltd in GIFT City to support its cross-border payments and global financial services ambitions.

The company said it remains optimistic about growth opportunities in digital payments and enterprise spend management.

Narayanam added that for FY27, Zaggle expects standalone revenue growth of 25–30% and consolidated revenue growth of around 40%, driven by AI-first product development, expansion into MENA and US markets, and deeper monetisation across its business verticals.

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Shares of Zaggle Prepaid Ocean Services ended 1.05% lower at ₹279.50 on the NSE on Wednesday.

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