Fintech SaaS company Zaggle reported a 30.4% increase in its consolidated net profit to ₹40.6 Cr in the quarter ended March 2026 (Q4 FY26) from ₹31.1 Cr in the corresponding quarter last fiscal. Sequentially, profit rose 9.4% from ₹37.1 Cr.

Revenue from operations rose 49.9% to ₹617.9 Cr in Q4 FY26 from ₹412.2 Cr in the year ago quarter. The top line grew 17.6% from ₹525.5 Cr in Q3 FY26.

Including other income of ₹7.7 Cr, the startup’s total income stood at ₹626.3 Cr during the quarter under review.

The company attributed the growth to strong traction across all its revenue streams. On a standalone basis, Propel platform revenue climbed 46% YoY to ₹357.8 Cr in Q4 FY26, while program fee revenue increased 41.2% to ₹221.8 Cr. Software fee revenue also rose 40.5% YoY to ₹13.1 Cr.

At the operating level, adjusted EBITDA soared 62.4% YoY to ₹60.5 Cr in Q4 FY26, while EBITDA margin improved to 9.8% from 9% in the year ago quarter. 

Meanwhile, total expenses zoomed 49.6% YoY to ₹573.7 Cr in Q4 FY26. 

On the expense side, incentive and cashback costs rose sharply to ₹152.1 Cr in Q4 FY26 from ₹108.3 Cr a year ago, an issue that the company claims to be trying to solve. As per the company, cashback expenses will keep rising till the cohort matures and until natural expectation of cashback subsidies by customers.

For the full FY26, Zaggle’s profits grew 57.9% YoY to 138.6 Cr, while revenue from operations zoomed 46.3% YoY to 1,907.6 Cr during the fiscal under review. Annual adjusted EBITDA improved 51% YoY to ₹191.6 Cr.

Meanwhile, Zaggle’s total corporate customer base rose 13.3% YoY to 3,915 in FY26, while aggregate users on its platform rose 18.2% to 3.9 Mn. The company also saw higher contribution from enterprise spends in the second half of the year. 

Notably, over the past year, Zaggle also expanded through acquisitions and new business launches. During the fiscal, the company completed the acquisitions of GreenEdge Enterprises and Rivpe Technology, the latter now rebranded as Zagg.Money.  Through Rivpe, the company entered the consumer retail credit card market and strengthened its UPI capabilities.

The company also set up Zaggle Payments IFSC Ltd in GIFT City to build out its international payments and cross-border financial services business.

For FY27, Zaggle projected a standalone revenue growth of 25-30% and consolidated revenue growth of about 40%, driven by AI, international expansion, and deeper monetisation across its ecosystem.

“… Looking ahead, we remain optimistic about the opportunities across the digital payments and enterprise spend management ecosystem. For FY27, we project standalone revenue growth of 25-30% and consolidated revenue growth of around 40%. We believe this vision will be driven by AI-first product development, expansion into MENA and US markets, and deeper monetisation…,”  said Zaggle cofounder and executive chairman Raj P Narayanam.

Shares of Zaggle ended 1.84% higher at ₹284.5 on BSE today.  

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