Zaggle Q1: Profit Surges Over 8X YoY To INR 16.7 Cr, Revenue Jumps 113%

Zaggle Q1: Profit Surges Over 8X YoY To INR 16.7 Cr, Revenue Jumps 113%

SUMMARY

While consolidated PAT surged on a YoY basis, it declined over 12% in Q1 FY25 on a QoQ basis

Revenue from operations more than doubled YoY to INR 252.2 Cr in Q1 FY25 but fell 7.7% on a QoQ basis

Reported EBITDA grew 181.8% to INR 22.43 Cr during the quarter under review from INR 7.96 Cr in Q1 FY24

Fintech SaaS startup Zaggle’s consolidated profit after tax (PAT) surged 716% to INR 16.73 Cr in the quarter ended June 30, 2024 (Q1 FY25) from INR 2.05 Cr in the year-ago period due to strong growth in its business.

However, PAT declined over 12% on a quarter-on-quarter (QoQ) basis from INR 19.16 Cr.

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