Zaggle Shares Rise Over 7% in Early Trading Hours Following Strong Q4 Growth

Equirus Securities stated in a new research study that it is still confident in Zaggle’s capacity to demonstrate substantial revenue growth throughout FY24-FY27.

The shares of Zaggle, which debuted on the stock market in September 2023, have nearly doubled in value and are presently trading at INR 320.

In the early hours of trading on the BSE, shares of fintech SaaS startup Zaggle surged 7.7% to INR 338.05 in response to its favorable Q4 FY24 earnings.

The company said on Thursday, May 23, that its profit after tax (PAT) increased by nearly 153% YoY and 26% QoQ to INR 19.2 Cr in Q4.

In addition, Zaggle announced that its quarterly operating revenue reached a record-breaking INR 273.4 Cr, up 37% QoQ and 46.3% YoY.

It is important to know that the corporation expects sales growth in FY25 of between 45% and 55%.