Zaggle Shares Plunge 10% Despite Strong Revenue Growth in Q3

Zaggle Prepaid Ocean Services' shares hit a 10% lower circuit on February 10, 2025, following a sequential decline of 2.47% in Q3 PAT to ₹19.7 crore, despite a robust 68.8% year-on-year revenue surge to ₹336.8 crore. Investors reacted negatively to rising expenses and marginal profit contraction compared to the previous quarter. CEO Raj P Narayanam remains optimistic about achieving 58-63% topline growth for FY25 through organic and inorganic strategies. The market's response highlights concerns over cost management despite strong overall performance.

 

Source: Moneycontrol, Economic Times, YourStory