- Q1FY24 operational revenue: ₹1,185 million, up 34% YoY.
- Adjusted EBITDA (before ESOP expenses): ₹138 million, with 11.7% margin.
- Expected revenue growth for the fiscal year: 40% to 50%.
- Expected Adjusted EBITDA Margin (before ESOP expense): 11% to 13%.
- Total ESOP expense in the fiscal year: Close to ₹200 million.
- 34% YoY growth in revenue attributed to corporate credit cards, Zoyer, and customer base expansion.
- Drop in gross margin due to changes in product mix.
- Significant reduction in finance costs post-IPO, with a stronger balance sheet.
- Notable developments include a contract with BOB Financial Solutions and the launch of the Zaggle Yes Bank Corporate Credit Card.
- Positioned in the fintech and digital payments industry in India, benefiting from strong tailwinds.
- Total customers catered to: 1,899.
- Aggregate users on the platform: 2,596.
- Total users on the platform: 2.42 million.
- Program fees: ₹408 million.
- Propel platform revenue/gift cards: ₹634 million.
- Q1FY24 revenue: ₹1,185 million.
- Strong seasonal variations, with Q3 and Q4 being higher revenue quarters.
- Positioned at the intersection of SaaS and fintech.
- Offers a range of financial and software services.
- Diverse revenue streams across products.
- Diversified customer relationships and partnerships.
- Seasoned management team and board.
- Strong financial track record.
- In-house technology with a network effect.
- Differentiated SaaS-based fintech platform.
- Offers omnichannel technology solutions.
- Combines payment instruments, mobile apps, and API integrations.
- Strong network effect by engaging businesses, merchants, partners, and users.
- Expense management, employee reimbursements, and tax benefits.
- Integrated data-driven business spend management platform.
- Channel rewards, employee recognition, and rewards.
- Comprehensive monetization strategies.
- Significant revenue growth: CAGR of 49.08% (FY21-FY23).
- Strong CAGR in adjusted EBITDA: 55.59% (FY21-FY23).
- Healthy cash PAT margin: 38.7% growth (Q1FY23-Q1FY24).
- Total non-current assets: ₹589.21 million (FY23).
- Total current assets: ₹1,758.38 million (FY23).
- Strong growth in revenue from operations: ₹5,534.60 million (FY23).
- Impressive gross profit margin: 42.07% (FY23).
- Notable financial awards and recognitions, highlighting industry excellence.