Zaggle's shares experienced a significant increase, soaring by 19.2% during intraday trading to reach a peak of ₹223 on the BSE.
By the end of the trading session, the company's stock closed 16% higher at ₹217.1, bringing its market capitalization to approximately ₹2,919.09 crore (around $320 million).
This surge followed the company's announcement of robust growth projections for the fiscal year FY27, anticipating:
- Standalone revenue growth of 25-30%
- Consolidated revenue growth of about 40%
Zaggle attributed this optimism to strong momentum across its various business segments.
The company outlined its strategic focus for the year, which includes:
- Optimizing working capital cycles for improved cash flow
- Driving revenue growth through new customer acquisition and cross-selling
- Enhancing margin profiles through operational efficiencies
On the financial side, Zaggle reported a net profit of ₹37.1 crore in Q3 FY26, marking an impressive 88% increase from ₹19.7 crore a year prior. Sequentially, profits rose by 6% from ₹35 crore.
Operating revenue surged by 56% year-over-year and 22% quarter-over-quarter, totaling ₹525.6 crore for the reviewed quarter. With additional income of ₹8.7 crore, the total income reached ₹534.2 crore.
Despite recent selling pressure and a 36% decline in shares year-to-date, today's rally reflects a broader market recovery, with the Sensex and Nifty 50 gaining 1.65% and 1.56%, respectively.
