Zaggle Prepaid Ocean Services delivered exceptional financial results for Q4 FY26, with consolidated net profit rising 30.6% year-on-year to ₹41 crore compared to ₹31 crore in the corresponding period last year. According to reports from CNBC TV18, the company's revenue from operations surged nearly 50% 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. Founder and Executive Chairman Raj P Narayanam highlighted that the company delivered its strongest-ever quarterly and annual performance, marking the third consecutive quarter of record results.
For the full financial year FY26, Zaggle 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. As reported by CNBC TV18, the strong performance was driven by improved operating margins and robust digital payments growth. The company's profit after tax growth of 51.8% significantly outpaced its revenue growth, indicating enhanced operational efficiency and margin expansion.
During FY26, Zaggle expanded its AI-led capabilities and completed strategic acquisitions including Greenedge Enterprises and Rivpe Technology, which has been rebranded as Zagg.Money. According to CNBC TV18, the company 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. These strategic moves position the company for enhanced digital payments capabilities and international market expansion.
Looking ahead to 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. As reported by CNBC TV18, the company remains optimistic about growth opportunities in digital payments and enterprise spend management. The management's confidence in achieving these growth targets reflects the company's strong market position and strategic initiatives in the digital payments sector.
