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.

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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.

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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.

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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.

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

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

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