Zaggle shares crash 20%, hit lower circuit after Q1 PAT declines 33% YoY

Zaggle Prepaid Ocean Services shares fell 20% to Rs 160.45 on Monday after Q1 profit dropped 32.9% to Rs 17.53 crore. Raj P Narayanam said, “Q1 FY27 marks an important inflection point for Zaggle.” While revenue grew, expenses from the Dice acquisition hit margins, causing the stock to hit the lower circuit.