Zaggle Q1 Profit Dips 33% YoY To ₹17.5 Cr Despite 28% Revenue Jump

Fintech SaaS company Zaggle’s net profit for the June quarter (Q1 FY27) dipped 33% to ₹17.5 Cr from ₹26.1 Cr in the year-ago period. Sequentially, the company’s profit plunged by 57% from ₹40.6 Cr. 

Operating revenue grew 28% to ₹423.3 Cr from ₹332 Cr in the corresponding quarter of the previous fiscal. However, it declined 32% on a sequential basis from ₹617.9 Cr in Q4 FY26. 

The company registered an other income of ₹6.6 Cr during the quarter under review, bringing its total income to ₹429.9 Cr. 

No exceptional items were reported during the quarter, while it earned an additional ₹2.3 Cr in profits from an associate and ₹27.8 Lakh in other comprehensive income, and spent ₹8 Cr on taxes. 

Total expenses surged 31% to ₹406.7 Cr in the quarter under review from ₹309.6 Cr in the year-ago period. However, the company’s expenditure narrowed 29% compared to ₹573.7 Cr in Q4 FY26. 

(The story will be updated shortly)

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