Zaggle Q2 Profit Slips 30% YoY To ₹24.5 Cr Despite Revenue Uptick
Fintech SaaS company Zaggle’s net profit for the September quarter (Q2 FY27) plunged 30% to ₹24.5 Cr from ₹35 Cr in the year-ago period. Sequentially, the company’s profit rose by 40% from ₹17.5 Cr.
Adjusted EBITDA for the quarter slipped 4.2% YoY to ₹44.6 Cr, while margin shrunk 310 bps to 7.7%.
Operating revenue grew 34.2% YoY and 37% QoQ to ₹580 Cr in the quarter under review. In this, the company noted that its SaaS business recorded its “highest-ever quarterly performance”, largely driven by revenue recognition from novated contracts following the Dice acquisition.
Including other income of ₹6.3 Cr, Zaggle’s total income for the quarter stood at ₹586.2 Cr.
Total expenses surged 39.9% to ₹555.7 Cr in the quarter under review from ₹397.1 Cr in the year-ago period.
The company incurred a tax expense of ₹7.3 Cr during the quarter. It also incorporated a gain of ₹1.3 Cr from share of profit of an associate.
(The story will be updated shortly)
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