Zaggle Prepaid Ocean Services (ZAGGLE) Q1 2025 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for the quarter ended June 30, 2024, were approved and reviewed by the Board and auditors on July 30, 2024.

• The 13th Annual General Meeting is scheduled for September 25, 2024, via video conferencing.

• Register of Members and Share Transfer Books will be closed from September 19 to September 25, 2024, for AGM purposes.

• Appointment of a scrutinizer for e-voting at the AGM was confirmed.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was ₹2,522.06 million, up from ₹1,184.79 million in Q1 FY24.

• Consolidated profit after tax for Q1 FY25 was ₹167.34 million, compared to ₹20.55 million in Q1 FY24.

• Basic EPS for Q1 FY25 stood at ₹1.37, up from ₹0.24 in Q1 FY24.

• Total expenses for Q1 FY25 were ₹2,339.67 million, up from ₹1,169.41 million in Q1 FY24.

Outlook and guidance

• IPO proceeds are being utilized as per the prospectus, with unutilized funds temporarily invested in deposits with scheduled commercial banks.

• Employee stock options were granted on April 30, 2024, under the ESOP Scheme-2022.