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In the news

YC Holdings sells ₹1,435 cr Groww stake; Kedia buys Zaggle

Market Movers: From IPO Frenzy to Margin Pressures

Market Movers: Zaggle's Margin Pain, Vikram's Solar Bet, and Dhoot's IPO Blockbuster

Zaggle's Q1FY27 Margin Squeeze: The Cost of Transformation

Zaggle shares surge 18% after hitting 20% lower circuit on weak Q1

Zaggle Q1 profit drops 33% to ₹17.5 crore despite 28% revenue growth

Zaggle secures 3-year fleet partnership deal with Daimler India

Zaggle acquires 19.9% stake in Unobanc for ₹7.96 crore

Zaggle Prepaid rises 1.25% on HPCL Drive Track Plus deal

Zaggle gains 2.73% after signing 5-year PNB co-branding deal

Zaggle Prepaid signs 5-year deal with Crompton Greaves

Zaggle shares crash 19% despite strong Q4 growth

Zaggle shares crash 17% on Q4 margin contraction despite revenue growth

Zaggle Prepaid Ocean Services falls 7.19% to ₹264.1

Zaggle Q4 profit surges 31% to ₹41 cr on digital payments growth

Zaggle Q4 PAT surges 30% YoY to ₹41 cr, revenue up 49.9%

Q4 results today: Airtel profit drops 34%, TVS Motor up 37%

Zaggle partners with Supreme Industries for 3-year rewards platform

Zaggle Prepaid reports 68% revenue growth, guides 35-40% FY26 growth
Company insights, generated from the most recent coverage.
Tax appeal dismissal highlights ongoing regulatory exposure, adding overhang to investor sentiment despite strong operational metrics.
Incentive and cashback costs optimized from 69% to 66.3% of revenue in Q1FY27, showing early signs of cost discipline on variable expenses.
Revenue per employee surged 26.1% YoY (₹7.5M to ₹9.4M), demonstrating operational efficiency gains despite acquisition-driven headcount increases.
The Quarter story
The two most recent quarterly results, compared side-by-side.
Zaggle expands its user base and stabilizes software revenue, but seasonal demand dips and rising costs compress overall profitability.
Aggregate users grow from 3.3 Mn to 4.02 Mn from Q1 FY26 to Q1 FY27 — steady platform adoption
Adjusted EBITDA margin falls from 10.3% to 8.2% from Q3 FY26 to Q1 FY27 — margin compression under pressure
Total customers expand from 3,559 to 4,065 from Q1 FY26 to Q1 FY27 — consistent client acquisition
Cash PAT margin declines from 10.5% to 7.2% from Q1 FY26 to Q1 FY27 — sustained profitability squeeze
SaaS revenue grows from ₹101 Cr to ₹125 Cr from Q1 FY26 to Q1 FY27 — stable software traction
Finance cost rises from ₹10.8 Cr to ₹16.6 Cr from Q1 FY26 to Q1 FY27 — growing interest burden
Zaggle Propel net revenue rebounds from ₹114 Cr to ₹177 Cr from Q4 FY26 to Q1 FY27 — strong segment recovery
Other expenses spike from ₹203.1 Cr to ₹332.6 Cr from Q1 FY26 to Q1 FY27 — rising operational cost pressure
Gross profit margin recovers from 41.4% to 44.8% from Q4 FY26 to Q1 FY27 — pricing and cost stabilization
PAT margin drops from 7.8% to 4.1% from Q1 FY26 to Q1 FY27 — severe bottom-line squeeze