Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the relevant provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company will be interacting with Analysts/ Investors (Participants). Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 and further to our letter dated October 10, 2023, please note that the audio recording of the earnings call on the unaudited financial results for the first quarter ended on June 30, 2023, held on October 16, 2023, at 11.00 AM (IST), has been uploaded on our website. Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, we would like to inform you that the officials of the Company will be interacting with Analysts/ Investors. Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Award of Order Receipt of Order
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, this is to inform you that, the Company has entered into an agreement with Visa Worldwide Pte. Limited Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Please find enclosed herewith the Newspaper Publication for the Standalone & Consolidated financial results for the quarter ended on June 30, 2023. Zaggle Prepaid Ocean Services Ltd - 543985 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed herewith the certificate under Reg 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended on September 30, 2023.
Zaggle Prepaid Ocean Services Q1FY24 earnings disappoint; shares slump 6%
Zaggle share price slumps 6% on dismal Q1FY24 earnings. Zaggle Prepaid reports 67.4% decline in profit after tax for Q1FY24. Q1FY24 Quarterly Result Announced for Zaggle Prepaid Ocean Services Ltd.
IT Software Products company Zaggle Prepaid Ocean Services announced Q1FY24 results: Financial Performance: 1. Revenues: Zaggle Prepaid Ocean Services Limited reported a solid financial performance in Q1FY24, with a 34% year-on-year increase in revenues to Rs 1,185 million. 2. Adjusted EBITDA: The company also witnessed a 27% YoY growth in Adjusted EBITDA, reaching Rs 138 million in Q1FY24. 3. Profitability: Zaggle Prepaid Ocean Services Limited maintained a strong Adjusted EBITDA margin of 11.7% during the quarter, showcasing its ability to effectively manage expenses and generate profits. 4. Net Profit: The company reported a profit after tax (PAT) of Rs 58.44 million in Q1FY24, with a PAT margin of 6.72%. Business Highlights: 1. Corporate Customers: Zaggle Prepaid Ocean Services Limited experienced a 36% YoY increase in corporate customers, reaching a total of 2,596 in Q1FY24. 2. User Base: The company serves a vast user base, with over 2.42 million aggregate users as of Q1FY24. 3. Product Launch: The launch of Zoyer, Zaggle's vendor management platform, contributed to the company's revenue growth in Q1FY24. 4. Corporate Credit Cards: Zaggle experienced growth in its corporate credit cards business, driving the overall revenue increase. Management Commentary: Raj P Narayanam, Founder and Executive Chairman of Zaggle Prepaid Ocean Services, expressed his satisfaction with the company's IPO performance and thanked shareholders for their trust. He attributed the company's revenue growth to recent initiatives, such as the introduction of corporate credit cards and the launch of Zoyer. Narayanam also highlighted the positive impact of customer expansion and cross-selling efforts on the company's financial results. Narayanam stated that Zaggle Prepaid Ocean Services Limited expects to see an improvement in margins in the second half of the fiscal year, leveraging historical trends. The company aims to reduce finance costs significantly after reducing borrowings post-IPO. Narayanam emphasized strong tailwinds in India's fintech and digital payments industry, which, combined with Zaggle's unique positioning in the spend management space, provides a competitive advantage. The company is optimistic about its revenue growth for the fiscal year, projecting a range of 40% to 50%, with an Adjusted EBITDA margin between 11% and 13%. Zaggle projects its total ESOP expense to be close to Rs 200 million for the fiscal year. Result PDF Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement Under Reg 30 SEBI (LODR) -Intimation For Earnings Conference Call
We are enclosing herewith the schedules of the earnings call to be held on Monday October 16, 2023 at 11. 00 AM (IST) on Unaudited Finacial Results of the Company for the quarter ended June 30, 2023 Zaggle Prepaid Ocean Services Ltd - 543985 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on performance of the Company for the quarter ended June 30, 2023