Shares of Zaggle Prepaid Ocean Services surged over 11% on Monday’s session after strong Q1 results. On Thursday, August 14, the Fintech company announced that its consolidated net profit surged by 56% year-on-year, reaching approximately ₹26 crore for the first quarter that ended in June 2025. This marks an increase from the net profit of ₹16.73 crore recorded in the same quarter last year, according to a regulatory filing by Zaggle Prepaid Ocean.
Zaggle Prepaid Ocean’s operational revenue rose by around 32% to ₹332 crore for the reported quarter, compared to ₹252.2 crore in the quarter ending June 2024.
“Our first-quarter performance has been our strongest to date, even though it is typically a slower period in the year. The growth in our total customer base and user numbers has led to noticeable healthy growth across our revenue streams,” stated Raj P Narayanam, Founder and Executive Chairman of Zaggle Prepaid Ocean Services.
The firm has recently welcomed clients including Hindustan Pencils, Apollo Health, Mo Engage, Novozymes, DTDC, CK Birla Healthcare, and Truecaller.
Narayanam mentioned that the company is achieving new heights of scale and efficiency by placing AI at the center of its product strategy.
Ashish Kacholia holds a 2.24% stake in Zaggle Prepaid Ocean Services, which is equivalent to 3,003,356 shares.
