business π Zaggle Prepaid shares drop 20% after profit dip
Zaggle Prepaid Ocean Services Ltd. shares fell 20% on Monday, August 17, following the release of its Q1FY27 results. The company reported a 33% year-on-year drop in net profit, which stood at βΉ17.5 crore. Revenue did see a 27.5% increase, reaching βΉ423 crore during the quarter. EBITDA margins declined to 7.3% due to acquisition costs like those from Dice. The company expects Dice contract revenue to start appearing from Q2FY27 onwards. π