Zaggle’s shares tumbled up to 19% on the BSE despite a solid March quarter, with revenue and net profit rising sharply year-on-year. The selloff was driven by a sequential dip in margins and higher cashback costs, even as operating metrics showed improvement. After paring losses, the stock remained down sharply, logging its biggest single-day drop since listing.
Zaggle plans to earmark $20–25 million for strategic acquisitions in FY27, aiming to enter the US with at least one purchase and potentially add one or two firms in India. The move follows strong FY26 performance, with meaningful revenue and profit growth. Management signals a faster international push backed by fresh capital for expansion.
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Fintech SaaS company Zaggle reported a 30.4 percent YoY jump in consolidated net profit to Rs 40.6 crore for Q4 FY26. Revenue from operations surged 49.9 percent YoY to Rs 617.9 crore, with total income at Rs 626.3 crore. Costs also climbed sharply, up 49.6 percent YoY, even as profit grew sequentially by 9.4 percent.
Zaggle has reduced its planned acquisition of Dice after reassessing the transaction structure. The company’s executive chairman said the Rs 123 crore figure was only indicative of acquiring the full entity, but a “thorough evaluation” led to an asset purchase instead. The revised deal size is Rs 68 crore, focused on assets and IP rather than the whole business.
Zaggle has revised its DICE acquisition, cutting the deal size to around ₹68 crore from the previously planned ₹123 crore. Instead of purchasing the entire entity, Zaggle’s board approved a strategic acquisition of DICE’s AI-enabled spend management platform, contracts, IP, and about 100 technology professionals, aiming for capital efficiency and tighter integration.
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