Zaggle Shares Jump 19% on FY27 Growth Forecast

Shares of Zaggle saw a substantial increase, rising by as much as 19.2% during intraday trade to hit a new peak of ₹223 on the BSE.

The company’s stock concluded the day’s trading session with a 16% gain, settling at ₹217.1. This rally boosted Zaggle’s market capitalization to ₹2,919.09 Cr, which is approximately $320 million.

This surge occurred after the company released promising forecasts for its business expansion in FY27, projecting a standalone revenue growth of 25-30% and a consolidated revenue increase of about 40%, attributing this to robust business momentum across its various sectors.

The company stated that their primary focus for the year remains threefold: optimizing working capital cycles to enhance cash flow performance, driving revenue growth through a combination of new customer acquisition and cross-selling to the existing portfolio, and expanding their margin profile through operating leverage and AI-driven efficiency.

In terms of financial performance, the fintech SaaS company reported a net profit of ₹37.1 Cr in Q3 FY26, marking an 88% increase from the ₹19.7 Cr reported the previous year.

Sequentially, profits increased by 6% from ₹35 Cr. Operating revenue also saw significant growth, rising by 56% year-over-year and 22% quarter-over-quarter to reach ₹525.6 Cr during the reviewed quarter. Including other income of ₹8.7 Cr, the total income for the quarter amounted to ₹534.2 Cr.

In addition, Zaggle announced the complete acquisition of fintech startup Rio.Money yesterday.

Today’s rally contrasts with the selling pressure the company’s stock has faced recently amidst a broader market downturn. Notably, Zaggle’s shares have fallen 36% year-to-date.

The broader market also indicated signs of recovery today. The Sensex increased by 1.65% to close at 73,134.32, while the Nifty 50 rose by 1.56% to finish at 22,679.40.