Fintech SaaS company Zaggle reported a 167.67% jump in its Q2 FY25 profit to INR 20.29 Cr, primarily due to a change in product mix.
Revenue from operations increased by 64.21% to INR 302.55 Cr in Q2 FY25, driven by higher redemption and rise in prepaid cards and credit cards issuance.
Adjusted EBITDA rose by 35.8% YoY to INR 29.5 Cr in Q2 FY25.
Zaggle revised its FY25 revenue guidance to expect a 50-55% growth over FY24.