Profit Surges Over 8X YoY To INR 16.7 Cr, Revenue Jumps 113%

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SUMMARY

While consolidated PAT surged on a YoY basis, it declined over 12% in Q1 FY25 on a QoQ basis

Revenue from operations more than doubled YoY to INR 252.2 Cr in Q1 FY25 but fell 7.7% on a QoQ basis

Reported EBITDA grew 181.8% to INR 22.43 Cr during the quarter under review from INR 7.96 Cr in Q1 FY24

Fintech SaaS startup Zaggle’s consolidated profit after tax (PAT) surged 716% to INR 16.73 Cr in the quarter ended June 30, 2024 (Q1 FY25) from INR 2.05 Cr in the year-ago period due to strong growth in its business.

However, PAT declined over 12% on a quarter-on-quarter (QoQ) basis from INR 19.16 Cr.

Revenue from operations zoomed 113% to INR 252.2 Cr in Q1 FY25 from INR 118.4 Cr in the corresponding quarter last year. However, it declined 7.7% on a QoQ basis from INR 273.37 Cr.

The enterprise tech startup attributed the year-on-year (YoY) increase in its top line to strong demand for its accounts payable platform Zoyer and credit card bundled solutions. 

Zaggle’s reported EBITDA grew 181.8% to INR 22.43 Cr during the quarter under review from INR 7.96 Cr in Q1 FY24.

(The story will be updated soon.)

 





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Profit Surges Over 8X YoY To INR 16.7 Cr, Revenue Jumps 113%


SUMMARY

While consolidated PAT surged on a YoY basis, it declined over 12% in Q1 FY25 on a QoQ basis

Revenue from operations more than doubled YoY to INR 252.2 Cr in Q1 FY25 but fell 7.7% on a QoQ basis

Reported EBITDA grew 181.8% to INR 22.43 Cr during the quarter under review from INR 7.96 Cr in Q1 FY24

Fintech SaaS startup Zaggle’s consolidated profit after tax (PAT) surged 716% to INR 16.73 Cr in the quarter ended June 30, 2024 (Q1 FY25) from INR 2.05 Cr in the year-ago period due to strong growth in its business.

However, PAT declined over 12% on a quarter-on-quarter (QoQ) basis from INR 19.16 Cr.

Revenue from operations zoomed 113% to INR 252.2 Cr in Q1 FY25 from INR 118.4 Cr in the corresponding quarter last year. However, it declined 7.7% on a QoQ basis from INR 273.37 Cr.

The enterprise tech startup attributed the year-on-year (YoY) increase in its top line to strong demand for its accounts payable platform Zoyer and credit card bundled solutions. 

Zaggle’s reported EBITDA grew 181.8% to INR 22.43 Cr during the quarter under review from INR 7.96 Cr in Q1 FY24.

(The story will be updated soon.)

 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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