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Zaggle Prepaid Ocean Services Q1FY24 earnings disappoint; shares slump 6%
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₹205.10 apiece on BSE on Thursday. At 10:54 IST, Zaggle share price recovered but was down over 2% at ₹209.30 per share.
According to the company's exchange filing, profit after tax (PAT) for the quarter ended June, slumped 67.4% year-on- year to ₹2.06 crore from ₹6.3 crore in Q1FY23. The revenue from operations for the quarter ended June, jumped 33.7% on year to ₹118.5 crore.
In its filing, the company stated that the expansion of its client base, the introduction of a new product—Zoyer—and the growth of its corporate credit card business were the main drivers of its topline growth. "Exciting news! Mint is now on WhatsApp Channels
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