Zaggle Prepaid Ocean Services Limited — PPTs, 13-11-2024: Investor Presentation

**Financial Highlights:** Zaggle reported impressive financial results with a revenue from operations of ₹3,025.6 Mn, marking a 64.2% year-on-year (YoY) growth, and ₹5,547.6 Mn for the first half of the fiscal year—a remarkable 83.3% YoY increase. Adjusted EBITDA reached ₹295.2 Mn, up 35.8% YoY, with a half-year adjusted EBITDA of ₹551.0 Mn, reflecting a 55.0% YoY growth. Profit After Tax (PAT) surged to ₹185.6 Mn, up 144.7%, while cash PAT reached ₹352.8 Mn, representing a staggering 266.0% YoY increase.

**Strategic Initiatives and Growth Drivers:** The company has successfully expanded its customer base, adding notable clients such as Baroda BNP Paribas Asset Management and HDFC Ergo. Its aggressive M&A strategy focuses on partnerships within the SaaS Fintech sector, while a board-approved fundraise of up to ₹9,500 Mn is aimed at accelerating growth.

**Business Developments:** Zaggle continues to innovate with its product offerings, including the staggered launch of the Fleet Management program and a new international payments solution (ZIP).

**Market Position and Competitive Advantage:** Being the leading prepaid card issuer in India, Zaggle benefits from a low customer churn rate of less than 1.5%, alongside a diversified revenue model and strong in-house technology.

**Investor Implications:** With a positive outlook for the upcoming fiscal year, the company anticipates topline growth of 50-55%. Its solid financial performance and strategic expansion initiatives position Zaggle well for continued success in the rapidly growing spend management market.