India, Aug. 14 -- Fintech SaaS company Zaggle's consolidated net profit surged 56% to INR 26.1 Cr in Q1 FY26 from INR 16.7 Cr in the year-ago quarter. However, it declined 16% from INR 31.1 Cr in the previous quarter.

Operating revenue zoomed 32% to INR 332 Cr from INR 252.2 Cr in Q1 FY25. However, the top line contracted 19% on a sequential basis from INR 412.1 Cr.

Including other income of INR 11.7 Cr, the company's total income for Q1 FY26 jumped 34% YoY to INR 343.7 Cr. Meanwhile, Zaggle's total expenses increased 32% YoY to INR 309.6 Cr.

Adjusted EBITDA for the quarter increased about 28% YoY to INR 32.7 Cr, while adjusted EBITDA margin declined 20 bps YoY to 9.9%.

Zaggle founder and executive chairman Raj Narayanam reiterated th...