GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Zaggle Prepaid Ocean Services, backed by ace investor Ashish Kacholia, tumbled 10% to hit the lower circuit at Rs 381.9 on the BSE on Tuesday, extending their sharp decline following the company's Q3 earnings report on Friday. The stock has now lost nearly 19% in the last two trading sessions. The company reported a 29.6% year-on-year (YoY) rise in consolidated profit after tax (PAT) to Rs 19.7 crore for the third quarter ended December 2024, while Zaggle saw a 2.47% sequential dip in PAT. The company's revenue from operations surged 68.8% YoY to Rs 336.8 crore for the third quarter, also posting an 11.3% quarter-on-quarter (QoQ) growth. Zaggle's total expenses jumped 71.59% YoY to Rs 314.14 crore in the October-December quarter, reflecting a 12% rise from the second quarter. Higher point redemption expenses and incentives contributed to the increase, offsetting the revenue growth. Employee benefit costs, however, fe...

[hfe_template id='11223'] [ad_1] Shares of Zaggle Prepaid Ocean Services, backed by ace investor Ashish Kacholia, nosedived 10% to hit their lower circuit at Rs 424.30 on the BSE on Monday, despite the fintech and SaaS provider reporting a 29.6% year-on-year (YoY) rise in consolidated profit after tax (PAT) to Rs 19.7 crore for the October-December quarter, up from Rs 15.2 crore in the year-ago period. On a sequential basis, PAT slipped 2.47%. The company’s revenue from operations in Q3FY25 stood at Rs 336.8 crore, reflecting a 68.8% YoY increase from Rs 199.5 crore. Revenue also grew 11.3% quarter-on-quarter (QoQ). Total expenses increased to Rs 314.14 crore in the quarter ended December 2024, up 12% from Rs 280.50 crore in Q2 and 71.59% higher than Rs 183.07 crore in the same quarter last year. Key cost components contributing to the rise included point redemption expenses and incentives. Employee benefits expense declined 4.46% on a QoQ basis to Rs 17.10 crore but ros...