India, Nov. 13 -- Fintech SaaS company Zaggle's net profit for the September quarter (Q2 FY27) plunged 30% to Rs.24.5 Cr from Rs.35 Cr in the year-ago period. Sequentially, the company's profit rose by 40% from Rs.17.5 Cr.

Adjusted EBITDA for the quarter slipped 4.2% YoY to Rs.44.6 Cr, while margin shrunk 310 bps to 7.7%.

Operating revenue grew 34.2% YoY and 37% QoQ to Rs.580 Cr in the quarter under review. In this, the company noted that its SaaS business recorded its "highest-ever quarterly performance", largely driven by revenue recognition from novated contracts following the Dice acquisition.

Including other income of Rs.6.3 Cr, Zaggle's total income for the quarter stood at Rs.586.2 Cr.

Total expenses surged 39.9% to Rs.555.7 Cr...