Zaggle Q2 Profit Slips 30% YoY To ₹24.5 Cr Despite Revenue Uptick
Fintech SaaS company Zaggle’s net profit for the September quarter (Q2 FY27) plunged 30% to ₹24.5 Cr from ₹35 Cr…
Fintech Software-as-a-Service firm Zaggle experienced a 30% drop in net profit for Q2 FY27, falling to ₹24.5 Cr from ₹35 Cr in the same period last year. Yet, the company's revenue rose by 34.2% year-over-year and 37% quarter-over-quarter, reaching ₹580 Cr. Notably, Zaggle's SaaS division reported its "largest-ever quarterly performance" due to revenue recognition from novated contracts following the acquisition of Dice.
Total income for the quarter amounted to ₹586.2 Cr, including additional earnings of ₹6.3 Cr. However, expenses increased by 39.9% to ₹555.7 Cr, up from ₹397.1 Cr in the previous year. The company faced a tax expense of ₹7.3 Cr and a gain of ₹1.3 Cr from an associate's share of profit.
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