Zaggle stock surges 16% after record earnings and fintech acquisition

Shares of Zaggle surged as much as 19.2% during intraday trade today to touch a fresh high of ₹223 on the BSE. The company's shares ended today's trading session 16% higher at ₹217.1. With the rally today, the company's market capitalisation stood at ₹2,919.09 Cr (about $320 Mn). The rally came after the company shared strong projections for its business growth in the fiscal year FY27. It projected a standalone revenue growth of 25-30% and a consolidated revenue growth of approximately 40% for FY27, citing strong business momentum across its segments. "Our focus this year remains threefold: Optimise working capital cycles to ensure superior cash flow performance; Drive revenue growth through a strategic mix of new customer acquisition and existing portfolio cross-selling; Expand our margin profile backed by operating leverage and AI driven efficiency," the company said. On the financial front, the fintech SaaS company reported a net profit of ₹37.1 Cr in Q3 FY26, up 88% from ₹19.7 Cr from a year earlier. Sequentially, profit rose 6% from ₹35 Cr. Operating revenue zoomed 56% YoY and 22% QoQ to ₹525.6 Cr during the quarter under review. Including other income of ₹8.7 Cr, total income for the quarter stood at ₹534.2 Cr. Besides, Zaggle also announced the complete acquisition of fintech startup Rio.Money yesterday. The rally today defies the selling pressure that the company's stock has seen in recent times amid a broader market crash. To note, Zaggle's shares have crashed 36% year-to-date. The broader market today showed signs of revival as well. While the Sensex gained 1.65% to end at 73,134.32, Nifty 50 gained 1.56% to end at 22,679.40.