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The Economic Times
The Economic Times
Rounak Khare

Zaggle Prepaid Ocean Services crashes 20%, hits lower circuit after Q1 PAT declines 33% YoY

Zaggle Dice Zaggle Prepaid Ocean Services Ocean

Shares of spend management solutions provider Zaggle Prepaid Ocean Services tanked 20% to Rs 160.45, hitting the lower circuit on the BSE on Monday, after the company reported a 32.9% year-on-year decline in profit after tax to Rs 17.53 crore for the June quarter of FY27, from Rs 26.11 crore in the corresponding quarter of the previous year.

Revenue from operations rose 27.5% year-on-year to Rs 423.27 crore from Rs 331.97 crore in the same quarter last year, according to a regulatory filing. Adjusted EBITDA rose 4% YoY to Rs 34.74 crore from Rs 33.42 crore in the June quarter of FY26.

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