Zaggle Shares Price in Focus As It Drops 25% in 4 Days Amid Profit Decline

Zaggle Prepaid Ocean Services share price continued to fall on February 11, 2025, marking the fourth consecutive session of declines. The stock dropped by 6.14% at the open and hit the lower circuit limit of 10%, trading at ₹381.65 per share on the NSE. Over the past four sessions, the stock has fallen nearly 25%.

The stock price is ₹381.65, down ₹113.35 (-22.90%) over the past 5 days and ₹127.35 (-25.02%) in the past month. Over 6 months, the stock has gained ₹20.45 (5.66%), while it has risen ₹135.75 (55.21%) in the past year. In the last 5 years, the stock has surged ₹223.30 (141.02%).

Quarterly Profit Decline

The company reported a 2.47% dip in its sequential profit for the December quarter of the current fiscal year. However, the company’s profit after tax (PAT) increased by 29.6% year-on-year, reaching ₹19.7 crore for Q3 FY25, compared to ₹15.2 crore in the same period last year. The revenue for Q3 FY25 rose by 68.8%, reaching ₹336.8 crore, up from ₹199.5 crore in the previous year.

Future Growth Prospects

Zaggle’s management remains optimistic about the future. They are targeting a 58-63% growth in their topline for FY25. The company is also considering inorganic growth options, with discussions currently in advanced stages.

Ashish Kacholia’s Stake

The prominent investor Ashish Kacholia held a 2.16% stake in Zaggle in the December quarter, according to the shareholding pattern.

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