Zaggle Prepaid Ocean Services Limited · NSE:ZAGGLE
Zaggle Prepaid Ocean Services — Q3 FY2026 Earnings Presentation
33 slides from Zaggle Prepaid Ocean Services's earnings presentation, Feb 12, 2026
Slide 1: Exchange filing cover letter
ZAGGLE/25-26/153 February 12, 2026 To To Listing Department The Corporate Relations Department NATIONAL STOCK EXCHANGE OF INDIA LIMITED BSE LIMITED Exchange Plaza, Plot No C/1, G Block Phiroz Jeejeebhoy Towers Bandra Kurla Complex, Bandra (East) 25th Floor, Dalal Street Mumbai -400 051, Maharashtra
Slide 2: Investor Presentation
Investor Presentation Zaggle Prepaid Ocean Services Limited February 2026 1
Slide 3: Safe harbor
Safe harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Zaggle Prepaid Ocean Services Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe
Slide 4: From the Founder's desk
From the Founder’s desk… This quarter marks our best quarterly and nine-month performance, with strong performance across key metrics. In Q3 FY26, we delivered a topline of INR 4,976 million, 47.9% YoY growth, with adjusted EBITDA of INR 513 million, crossing the INR 500 million mark for the first t
Slide 5: Performance Highlights
@ Zaggle® Performance Highlights
Slide 6: Highest ever quarterly & nine monthly performance across metrics
Highest ever quarterly & Nine monthly performance across metrices ₹ 4,976.3 Mn ₹ 512.6Mn ₹ 359.7 Mn ₹ 461.2 Mn Q3 FY26 YoY + 47.9% YoY + 62.9% YoY + 77.7% YoY + 76.0% ₹ 12,601.0 Mn ₹ 1,277.2 Mn ₹ 950.9 Mn ₹ 1,212.3 Mn 9M FY26 YoY + 41.4% YoY + 47.5% YoY + 71.3% YoY + 68.3% Revenue from Adjusted EBIT
Slide 7: Quarterly financial highlights
Quarterly financial highlights Revenue from operations (₹ Mn) Gross Profit (₹ Mn) 41.4% 12,601 37.6% 47.9% 8,912 5,957 4,976 57.2% 4,330 3,364 2,368 1,507 Q3FY25 Q3FY26 9MFY25 9MFY26 Q3FY25 Q3FY26 9MFY25 9MFY26 Adjusted EBITDA (₹ Mn) Reported EBITDA (₹ Mn)* Cash PAT (₹ Mn) PAT + Depreciation & Amort
Slide 8: Key operational performance indicators
Key operational performance indicators Total customers catered to (number) Aggregate users on the platform (million) 13.7% 17.5% 3,794 3.71 3,337 3.16 KPIs Q3FY25 Q3FY26 Q3FY25 Q3FY26 Software Fees Program fees Propel platform revenue 46.3% 6,978 36.5% 5,305 Revenue 43.4% 4,768 Mix 55.8% 3,886 2,753
Slide 9: Revenue mix – Net Reporting
Revenue mix – Net Reporting We guide our investors to look at our revenue numbers on a Net basis after deducting cost of point redemption / gift cards on Propel Q3’ FY26 Q3’ FY25 9M’ FY26 9M’ FY25 (₹ Mn) Software Program Propel Software Program Propel Software Program Propel Software Program Propel
Slide 10: Profit and loss statement (standalone)
Profit and loss statement (standalone) Particulars (₹ Million, unless stated Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY otherwise) Revenue from operations: 4,976.3 3,364.4 47.9% 4,309.8 15.5% 12,601.0 8,912.0 41.4% Cost of point redemption / gift cards 2,610.1 1,854.0 2,352.7 6,638.2 4,572.2 Con
Slide 11: Quarterly revenue contribution
Quarterly revenue contribution (Q3 &Q4 are higher revenue quarters) FY23 FY24 FY25 FY26 4,976.3 4,309.8 4,114.5 3,314.9 3,364.4 3,026.0 2,734.0 2,522.0 1,995.0 1,842.0 1,869.0 1,476.0 1,185.0 1,303.0 Revenue from 886.0 operations (₹ Mn) Q1 Q2 Q3 Q4 Revenue Contribution 16.0% 15.3% 19.4% 23.5% 23.8%
Slide 12: Strategic Alliances
Strategic Alliances Contract brief Duration Visa to offer launch and spend linked incentives to Zaggle to launch and promote co-branded Visa Worldwide ► 7 Years domestic prepaid cards on the Visa network Mastercard to offer spend linked incentives to Zaggle for introducing customers with credit card
Slide 13: Recent customer wins for growth
Recent customers wins for growth Key offerings Duration ITI Finance Limited ► Zaggle Zoyer Platform 3 Years Mountain Trail (Chai ► Zaggle Save (Employee expense management & benefits) 2 Years Point) Compucom CSI ► Zaggle Save (Employee expense management & benefits) 3 Years Polycab India ► Zaggle Zo
Slide 14: What we do
aggle” What we do
Slide 15: Zaggle: #1 Spend Management company in India
Zaggle: #1 Spend Management company in India What we have built SaaS Fintech 3,700+ 3.7 Mn+ Corporates Users Sales Commission ` Channel Management Sales Sales Fleet 50 Mn+ Partner / Corporate Cards issued Spends Need #1 Prepaid Card Multilingual GDPR Products are issuer in country interface Complian
Slide 16: Monetization with strong network effect
… with strong network effect Key Partners Banking Network Partners VAS Banking licenses & Pmt. instrument Resell Zaggle Key customers Comprehensive Monetization Sell software Monetize GTV Corporates - SaaS fees Users / deals Partners - Program fees Corporates Merchants User base Software / users mon
Slide 17: Omni Channel Offerings
Omni Channel Offerings Offering a combination of payment instruments, mobile application and API integrations Co – Branded Zaggle App to Cards Manage Spends with Banks Omni Channel Multiple Banks Offerings Dashboard to & network manage partners reporting & analytics Note: The Brand Names and Logos m
Slide 18: Innovative Product Offerings
Innovative Product Offerings Comprehensive suite of products for a large & growing addressable market Rewards & recognition platform Channel rewards and Employee expense incentives management & benefits Employee rewards and Expense Management recognition Embedded-finance Employee Reimbursements Inte
Slide 19: Supercharging Channel Partner Performance
– Supercharging Channel Partner Performance Key Features Seamless Partner Onboarding Scheme Management Campaign Management - QR Scan & Earn, Scratch & Win Metric-Based Incentive Computation Lead Management Leaderboards and Achievements Payments / Redemption Solutions Revenue Streams Automated Claim
Slide 20: Digitize Employee Expense, Reimbursements & Benefits
– Digitize Employee Expense, Reimbursements & Benefits Key Features Automatic Expense Reporting Mobile-First Experience (Intuitive App with Smart OCR) Seamless Transaction Reconciliation against Scanned Receipts Set Up Policies & Limits Easily Consolidated Statement for the Admin and Individual stat
Slide 21: Digitized Vendor Procure-to-Pay Solutions
– Digitized Vendor Procure-to-Pay Solutions Key Features Seamless Petty Cash Management Through The Mobile App & Corporate Credit/Prepaid Card Consolidated Statement for The Admin and Individual Statement for Every User Multiple Billing Cycles to Match Corporate Expense Management Requirements Contr
Slide 22: Recent innovations
Recent innovations Zaggle Fleet Management International Payments (ZIP) Intelligent Spend Analytics Platform Managing Fleet Expenses Efficiently Simplifying Global Transactions Newly launched analytics platform, designed to Fleet program offers a spend management ZIP ensures seamless international p
Slide 23: Inorganic initiatives to strengthen the business portfolio
Inorganic initiatives to strengthen the business portfolio Overview Transaction Details Loyalty Experiences and Rewards focused on golf based corporate Stake: 100% Greenedge ► engagement Consideration: INR 200 Mn (Acquisition) & The acquisition strengthens Zaggle’s product offerings in loyalty and r
Slide 24: Seasoned management team and board (1/2)
Seasoned management team and board (1/2) Leadership Dr. Raj P Narayanam Avinash Ramesh Godkhindi Founder and Executive Chairman Managing Director and CEO Founded Zaggle in 2011 with a vision to simplify corporate spends Leading Zaggle’s growth as Managing Director & CEO Honorary Doctorate Degr
Slide 25: Seasoned management team and board (2/2)
Seasoned management team and board (2/2) Board of Directors Prerna Tandon Arun Vijaykumar Gupta Independent Director Independent Director Holds a master’s degree in business administration from the Panjab Holds a bachelor’s degree in commerce from the P.D. Lion’s College of Commerce University,
Slide 26: Zaggle in a nutshell
Zaggle in a nutshell Seasoned management team Seasoned Multi-product SaaS based platform with a and board team strategy comprehensive product stack Robust Revenues from operations in FY25 Technology financial In-house technology with strong have grown y-o-y at 68.0% with a and metrics network effect
Slide 27: Historical financials
aggle” Historical financials
Slide 28: Historical financial and operating metrics
Historical financial and operating metrics Corporate customers Aggregate users (1) (Mn) Revenue from operations (₹ Mn) 3.28 13,026 3,455 3,016 2.73 2,411 2.27 7,756 1,753 1.72 5,535 1,092 0.90 3,713 2,400 FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY20
Slide 29: Historical profit and loss statement (standalone)
Historical profit and loss statement (standalone) Particulars (₹ Million, unless stated otherwise) FY25 FY24 FY23 FY22 FY21 Revenue from operations 13,026.5 7,756.0 5,534.6 3,712.5 2,399.7 Gross Profit 6,228.5 3,946.5 2,328.3 2,259.6 2,087.9 Gross Profit Margin 47.8% 50.9% 42.0% 60.8% 87.0% Employee
Slide 30: Historical balance sheet (standalone)
Historical balance sheet (standalone) Particulars (Rs. in Millions) 2025 2024 2023 2022 2021 Particulars (Rs. in Millions) 2025 2024 2023 2022 2021 ASSETS EQUITY AND LIABILITIES Non-current assets EQUITY Property, plant and equipment 396.83 25.32 23.5 19.8 9.5 Equity share capital 134.21 122.49 92.2
Slide 31: Annexure
Annexure 30 30
Slide 32: Key awards, accreditations and recognitions
Key awards, accreditations and recognitions Pioneering Best Team FinTech Mr. Avinash Project in Innovation in was awarded APM Spend 𝐈𝐦𝐩𝐚𝐜𝐭𝐟𝐮𝐥 (FinTech) Management 𝐒𝐨𝐨𝐧𝐢𝐜𝐨𝐫𝐧 𝐂𝐄𝐎 by INDIA at the 5th 𝐀𝐰𝐚𝐫𝐝 𝐚𝐭 𝐄𝐓 DEVOPS Edition of ET Mr. Avinash was conferred 𝐄𝐝𝐠𝐞 –…
Slide 33: Thank you
Thank you Company Zaggle Prepaid Ocean Services Limited CIN: L65999TG2011PLC074795 Hari Priya, Company Secretary & Compliance Officer Email id: Investor.Relations@zaggle.in Investor Relations Advisor Strategic Growth Advisors Pvt Ltd. CIN: U74140MH2010PTC204285 Shikha Puri / Srushti Pathak Email id:
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