Zaggle Prepaid Ocean Services Ltd fell 7.19% to trade at ₹264.1 today, according to reports from Business Standard. The stock's decline came amid broader weakness in the technology sector, with the BSE Information Technology index down 0.81% to quote at 26,960.53. Among other IT sector constituents, Mphasis Ltd decreased 1.79% and Coforge Ltd lost 1.59% on the day.
Despite today's decline, Zaggle Prepaid Ocean Services has added 5.6% over the last one month, as reported by Business Standard. This performance contrasts sharply with the 8.77% fall in the BSE Information Technology index and 2.38% drop in the benchmark SENSEX during the same period. The IT index has experienced significant volatility, declining 27.52% over the last year compared to the 7.76% fall in the SENSEX.
On the BSE, 39,464 shares were traded in the counter so far, compared with average daily volumes of 64,011 shares in the past one month, according to Business Standard reports. The stock has shown significant volatility throughout its trading range, hitting a record high of ₹470 on June 10, 2025, and a 52-week low of ₹185.55 on March 30, 2026.
Zaggle Prepaid Ocean Services has entered into several strategic agreements to expand its business portfolio. The company has signed an Asset Purchase Agreement with Dice Enterprises for approximately ₹67.9 crore plus taxes, covering software, databases, contracts, intellectual property, and domain names in the spend management space. Additionally, the company has secured a three-year contract with Generali Central Insurance Company for deploying the Zaggle Zoyer platform. These developments align with the company's focus on AI-first product development and expansion into MENA and US markets.
The company's financial performance shows strong growth momentum with standalone net profit surging 77.7% to ₹35.97 crore in Q3 FY26, supported by a 47.9% rise in revenue from operations to ₹497.63 crore compared to Q3 FY25. For the full year FY26, Zaggle delivered topline revenue of ₹1,907.6 crore (up 46.3% YoY), adjusted EBITDA of ₹191.6 crore (up 51% YoY), and PAT of ₹138.8 crore (up 51.8% YoY). The company projects standalone revenue growth of 25-30% and consolidated revenue growth of around 40% for FY27, driven by AI-first product development and market expansion.
