Zaggle Prepaid Ocean Services Limited , a leading SaaS fintech player in spend management solutions, has announced its highest-ever quarterly and half-yearly performance for Q2 and H1 FY26, alongside setting growth targets for the future.

Financial Highlights

For Q2 FY26, Zaggle reported:

• Revenue from operations of ₹4,309.80 crore, up 42.40% year-over-year (YoY)
• Adjusted EBITDA of ₹437.30 crore, a 48.10% YoY increase
• Profit After Tax (PAT) of ₹332.40 crore, surging 79.10% YoY
• Cash PAT reaching ₹404.40 crore

The half-yearly results for H1 FY26 were:

• Revenue from operations stood at ₹7,624.70 crore, a 37.40% YoY growth
• Adjusted EBITDA reached ₹764.60 crore, up 38.80% YoY
• PAT increased to ₹591.20 crore, showing a 67.60% YoY growth

Strategic Initiatives and Expansion

Zaggle has expanded its product portfolio and market presence:

1. New Product Launches: The company introduced two new products in its cards segment - Zaggle GlobalPay Forex Card and Zaggle × Mastercard Prepaid Card.

2. Retail Card Segment Entry: Zaggle entered the retail card segment through a partnership with AU Small Finance Bank.

3. Expanded Banking Partnerships: The company added Standard Chartered Bank, AU Small Finance Bank, and Suryoday Small Finance Bank to its network of banking partners.

4. Diversified Payment Methods: Zaggle now offers multiple payment methods, including Commercial credit cards, Prepaid cards, Retail cards, and UPI.

Future Outlook

Zaggle has upgraded its revenue growth guidance to 40-45%, while maintaining its EBITDA guidance in the range of 10-11%.

Management Commentary

Raj P Narayanam, Founder and Executive Chairman of Zaggle Prepaid Ocean Services Limited, stated, "Since our listing two years back, we continue to deliver upon our guidance, and our current results are no exception, where we delivered our best-ever half-yearly and quarterly performance across parameters."

He added, "With our expanded ecosystem of banking and network partners, we are looking to create new synergies and drive further growth across business lines."

Company Overview

Incorporated in 2011, Zaggle is a leading player in spend management, operating in the business-to-business-to-customer segment. The company has issued over 50 million prepaid cards in partnership with banking partners and serves more than 3.5 million users as of September 30, 2025. Zaggle's network of corporate customers spans various industries, including banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile.

As Zaggle continues to innovate and expand its offerings, it remains well-positioned to capitalize on the growing fintech market in India, with a focus on spend management solutions for businesses and consumers alike.

Zaggle Prepaid Ocean Services Limited , a leading SaaS fintech player specializing in spend management solutions, has reported a robust financial performance for the second quarter of fiscal year 2026, marking significant growth across key metrics.

Financial Highlights

For the quarter ended September 30, 2025, Zaggle reported:

The company's revenue growth was primarily driven by the addition of new clients, an increase in user numbers, and successful cross-sell initiatives.

Strategic Developments

Zaggle has made significant strides in expanding its product portfolio and market presence:

1. New Product Launches: The company introduced two new products in its cards segment:

   • Zaggle GlobalPay Forex Card
   • Zaggle × Mastercard Prepaid Card

2. Retail Card Segment Entry: Zaggle has partnered with AU Small Finance Bank to enter the retail card segment, broadening its customer offerings and strengthening its position in the retail payments space.

3. Expanded Banking Partnerships: The company has added Standard Chartered Bank, AU Small Finance Bank, and Suryoday Small Finance Bank to its network of banking partners.

4. Diversified Payment Methods: Zaggle now offers multiple payment methods, including Commercial credit cards, Prepaid cards, Retail cards, and UPI.

Corporate Actions

The Board of Directors has approved a proposal to issue 10,58,201 convertible warrants to certain promoter and non-promoter entities on a preferential basis at ₹567 per warrant, aggregating to approximately ₹600 million. This proposal was subsequently approved by shareholders at an Extraordinary General Meeting on October 31, 2025.

Management Commentary

Raj P Narayanam, Founder and Executive Chairman of Zaggle Prepaid Ocean Services Limited, stated, "We continue to deliver upon our guidance, and our current results are no exception, where we delivered our best-ever half-yearly and quarterly performance across parameters."

He added, "In light of our strong performance and sustained momentum across all business segments, we have recently upgraded our revenue growth guidance to 40-45% while our EBITDA guidance continues to remain in the range of 10-11%."

Future Outlook

With its expanded ecosystem of banking and network partners, Zaggle is poised to create new synergies and drive further growth across business lines. The company's entry into the retail card segment and its continued product innovation are expected to contribute to its growth trajectory in the coming quarters.

Investors and market watchers will be keen to observe how Zaggle leverages its expanded partnerships and new product offerings to maintain its growth momentum in the competitive fintech landscape.