Saturday, October 31, 2026

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

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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.

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