Saturday, September 12, 2026

Zaggle Prepaid shares jump over 15% as company sees up to 40% growth in FY27

Date:

Shares of Zaggle Prepaid Ocean Services Ltd. surged around 15% on Wednesday, April 1, after the company outlined an optimistic growth outlook for FY27.The company expects standalone revenue to grow 25-30% in FY27, while consolidated growth is projected at around 40%.

Zaggle said growth will be driven by a combination of new client acquisitions and deeper cross-selling within its existing portfolio.
ALSO READ | Garden Reach Shipbuilders shares jump up to 20% after record revenue in FY26
It also expects margins to improve, supported by operating leverage and efficiencies driven by AI-led automation.In its investor presentation, the company mentioned that enterprises are increasingly moving beyond using AI for incremental improvements and are instead reimagining their business models around AI.

During its Q3 FY26 results, Zaggle said it rationalised its tech workforce by over 25%, aided by in-house AI-driven efficiencies.

The company added that its product development cycle has accelerated, with new products and updates now being rolled out within 3-6 months.

It also said that transitioning to a modular, microservices-based architecture now takes 3-4 months, compared to the earlier 6-9 months.

Shares of Zaggle were trading 13.76% higher at ₹213.26. Despite the rally, the stock remains down nearly 40% so far this year.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

India-EU FTA opens sensitive markets to EU cars, wine and farm imports

The European Commission has proposed that the European Union...

Record weekly jump of $44.9 billion takes forex reserves to new lifetime high of $785.71 billion

India's forex reserves jumped by a record $44.903 billion...

IMF backs 7.8% GDP growth rate, welcomes India’s efforts to modernise statistical framework

Amid the ongoing debate over the credibility of India's...

Neogen Chemicals sets QIP floor price at ₹2,190, offers up to 5% discount

Neogen Chemicals has set the floor price for its...