India's Zaggle Prepaid climbs as Q2 profit surges three-fold

Zaggle Prepaid Ocean Services

14/11/2024 06:40

** Shares of Zaggle Prepaid  ZAGG.NS  rise 3.7% to 428.9
rupees, set to snap two sessions of decline
    ** The fintech firm posts near three-fold surge in Q2 consol
net profit; rev from ops jumps 64% Y/Y
    ** Co aided by uptick in volume of prepaid cards, credit
cards, and client addition with large user base
    ** Stock up ~5% this week
 
 ($1 = 84.4025 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))