Zaggle Q1 profit jumps 56% YoY to Rs 26 crore; revenue up 32%

Spend management platform Zaggle Prepaid Ocean Services reported a 56.2% year-on-year (YoY) increase in net profit to Rs 26.1 crore for the June quarter, driven by revenue growth across segments and new customer additions.

Revenue from operations rose 31.6% YoY to Rs 331.9 crore, while adjusted earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 27.9% to Rs 32.7 crore.

The Hyderabad-based company added several strategic clients during the quarter, including Hindustan Pencils, Apollo Health, Mo Engage, Novozymes, DTDC, CK Birla…