Fintech SaaS company Zaggle reported a net profit of ₹37.1 Cr in Q3 FY26, up 88% from ₹19.7 Cr in Q3 FY25. Sequentially, profit rose 6% from ₹35 Cr. Operating revenue zoomed 56% YoY and 22% QoQ to ₹525.6 Cr during the quarter under review. Including other income of ₹8.7 Cr, total income for the quarter stood at ₹534.2 Cr. Meanwhile, total expenses increased 54% YoY to ₹484.5 Cr. Its EBITDA for the period came in at ₹50.9 Cr, up 72.8% YoY. EBITDA margin improved to 10.3% from 9.4% in the corresponding quarter last year. Operationally, the company served 3,794 corporate customers during the quarter under review, up 14% YoY, while aggregate users on its platform increased 18% YoY to 3.71 Mn. Its gross margin expanded to 47.6% from 44.8% in the quarter under review. On the strategic front, the board approved the incorporation of a wholly owned subsidiary in GIFT City, Zaggle Payments IFSC Ltd, to expand its global payments and financial services footprint. It is also in the process of setting up an entity in Abu Dhabi to expand into the MENA region. Zaggle highlighted that customer churn in the quarter remained below 1.5%, while customer acquisition cost… Read MoreInc42 Media
