Zaggle Prepaid Ocean Services Ltd's Q3FY25 Quarter Results
Zaggle Prepaid Ocean Services Ltd's revenue increased 66.9% YoY
- 08 Feb 2025
Result Summary
- Zaggle Prepaid Ocean Services Ltd reported a 10.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 66.9%.
- Its expenses for the quarter were up by 12.0% QoQ and 71.6% YoY.
- The net profit decreased 2.7% QoQ and increased 29.7% YoY.
- The earnings per share (EPS) of Zaggle Prepaid Ocean Services Ltd stood at 1.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 340.41 | 308.57 | 203.97 | 10.3% | 66.9% |
Total Expenses | 314.14 | 280.50 | 183.07 | 12.0% | 71.6% |
Profit Before Tax | 26.27 | 28.07 | 20.90 | -6.4% | 25.7% |
Tax | 6.52 | 7.81 | 5.68 | -16.5% | 14.8% |
Profit After Tax | 19.74 | 20.29 | 15.22 | -2.7% | 29.7% |
Earnings Per Share | 1.60 | 1.60 | 1.40 | 0.0% | 14.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
## Company Overview
Zaggle Prepaid Ocean Services Ltd is engaged primarily in the financial technology sector, specializing in providing prepaid card solutions and expense management systems. The company caters to a wide range of industries by offering innovative digital financial products that streamline payment processes and enhance financial control for businesses and consumers. As of the latest updates, the company has been focusing on expanding its market reach and enhancing its technological capabilities, though specific recent developments beyond this scope are not readily available. Zaggle Prepaid Ocean Services Ltd operates in a competitive environment, continually adapting to advancements in the fintech industry to maintain its market position.
## Revenue
During the third quarter of fiscal year 2025 (Q3FY25), Zaggle Prepaid Ocean Services Ltd reported a total income of ₹340.41 crores. This represents a quarter-over-quarter (QoQ) increase of 10.3% from ₹308.57 crores in Q2FY25 and a substantial year-over-year (YoY) growth of 66.9% compared to ₹203.97 crores in Q3FY24. The increase in revenue reflects the company's ongoing efforts to expand its product offerings and market presence. Such growth is indicative of a robust performance in revenue generation over the past year, showcasing a strong upward trajectory in its income streams.
## Profitability
For Q3FY25, the company recorded a profit before tax (PBT) of ₹26.27 crores, which marks a decrease of 6.4% from the previous quarter's ₹28.07 crores. However, on a YoY basis, the PBT improved by 25.7% from ₹20.90 crores in Q3FY24. After accounting for taxes, the profit after tax (PAT) for Q3FY25 was ₹19.74 crores, which is a slight decline of 2.7% from Q2FY25's PAT of ₹20.29 crores, but a notable increase of 29.7% from ₹15.22 crores in Q3FY24. Earnings per share (EPS) remained steady at ₹1.60 for both Q3FY25 and Q2FY25, representing a YoY increase of 14.3% from ₹1.40 in Q3FY24. The tax burden decreased significantly by 16.5% QoQ, from ₹7.81 crores to ₹6.52 crores, and increased by 14.8% YoY from ₹5.68 crores.
## Operating Metrics
The company's total expenses for Q3FY25 were ₹314.14 crores, reflecting a QoQ increase of 12.0% from ₹280.50 crores in Q2FY25 and a YoY rise of 71.6% from ₹183.07 crores in Q3FY24. The increase in expenses is consistent with the overall growth in revenue, suggesting a proportional scaling of operational activities. Despite the rise in expenses, the company maintained a steady earnings per share, indicating efficient cost management relative to income growth. Analysis of these metrics provides insights into the company's operational efficiency and financial stability over the observed periods.
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