India's Zaggle Prepaid Ocean Services rises after quarterly profit jump

Zaggle Prepaid Ocean Services

18/08/2025 05:39

** Shares of Zaggle Prepaid Ocean Services ZAGG.NS rise 8.2% to 397.45 rupees

** Fintech's Q1 consol net profit rose 56% Y/Y; consol revenue rose 31.6% Y/Y

** Reiterate our guidance for the year, with topline growth expected in the range of 35% to 40% and EBITDA margins projected between 10% and 11% - Raj P Narayanam, founder and executive chairman

** Trading volume at 1.3 mln shares so far, more than 3x 30-day average

** YTD, ZAGG down ~23%

($1 = 87.4475 Indian rupees)

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))