Introduction:
Ashish Kacholia-backed stock plunged 10% to hit the lower circuit at ₹424.30 on the BSE, despite reporting a 29.6% YoY rise in Q3 PAT to ₹19.7 crore. Sequentially, PAT dipped 2.47%, while revenue surged 68.8% YoY to ₹336.8 crore.
Share Price movement of Zaggle Prepaid Ocean Services:
On February 10, 2025, Zaggle Prepaid Ocean Services Ltd opened at ₹424.05, dropping from its previous close of ₹471.15. The stock hit a high of ₹424.05 and a low of ₹424.05. Currently, it is trading at ₹424.05, down 10.00%, with a market cap of ₹5,690.97 crore.
Zaggle Prepaid Ocean Services Q3 results:
Zaggle Prepaid Ocean Services shares, backed by Ashish Kacholia, dropped 10% to hit the lower circuit at ₹424.30 on the BSE despite a 29.6% YoY rise in Q3 PAT to ₹19.7 crore. However, sequential PAT declined 2.47%, while revenue surged 68.8% YoY to ₹336.8 crore.
Total expenses increased significantly to ₹314.14 crore, marking a 71.59% YoY rise, driven by higher point redemption costs and incentives. Employee benefits expense declined 4.46% QoQ to ₹17.10 crore but rose 53.36% YoY. Revenue saw an 11.3% QoQ growth, reflecting strong operational momentum.
Zaggle undertook corporate restructuring in Q3 by acquiring a 53.32% stake in Span Across IT Solutions Private Limited, making it a subsidiary. This transition aligns with the company’s strategic expansion, further strengthening its fintech and SaaS offerings in a competitive market.
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Ace investor holding of Zaggle Prepaid Ocean Services:
Ashish Kacholia holds 29,03,356 shares in Zaggle Prepaid Ocean Services, representing 2.16% of the company. His holding is valued at ₹123.1 crore at the current price of ₹424.05, though his stake declined by 0.21% from the previous quarter.
Ajay Kumar Aggarwal owns 13,49,615 shares of Zaggle Prepaid Ocean Services, comprising 1.01% of the company’s equity. His stake is worth ₹57.2 crore at the latest stock price of ₹424.05, reflecting a 0.14% decrease in his holding from the previous quarter.
Stock performance of Zaggle Prepaid Ocean Services for Period of 1 week, 6 months and 1 year:
Zaggle Prepaid Ocean Services’s stock delivered a 4.93% return over the past week. Over six months, the stock gained 33.6%, showcasing strong mid-term growth. In the past year, Uno Minda surged 74.8%, highlighting its impressive long-term performance and investor confidence in the company.
Also Read: Stocks in which Promoters increased their stake in Q3 FY25 to keep an eye on
Shareholding pattern of Zaggle Prepaid Ocean Services:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 40.09 | 43.88 | 43.93 |
| FII | 9.17 | 6.14 | 5.95 |
| DII | 14.56 | 10.69 | 7.34 |
| Retail & others | 36.17 | 39.27 | 42.78 |
About Zaggle Prepaid Ocean Services:
Zaggle Prepaid Ocean Services is a fintech and SaaS company specializing in expense management, corporate gifting, and prepaid card solutions. It provides digital payment and automation services, catering to businesses and individuals with innovative financial technology solutions for seamless transactions and expense control.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
