Zaggle Prepaid Ocean Services Secures Three-Year Deal with The Supreme Industries
Zaggle gains after bagging 3-year deal from The Supreme Industries
Business Standard
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Zaggle Prepaid Ocean Services saw a 1.1% increase in stock price to ₹258 following a three-year contract with The Supreme Industries to provide its Zaggle Propel reward platform. The agreement is a service contract and does not involve related-party transactions.
- 01Zaggle's stock rose 1.1% to ₹258 after the announcement.
- 02The contract with The Supreme Industries spans three years.
- 03Zaggle Propel will be used for channel rewards and recognition.
- 04Zaggle's standalone net profit increased by 77.7% in Q3 FY26.
- 05Revenue from operations rose 47.9% to ₹497.63 crore in the same quarter.
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Zaggle Prepaid Ocean Services, a prominent player in spend management, announced a three-year agreement with The Supreme Industries to implement its Zaggle Propel reward platform. Following this announcement, Zaggle's stock price increased by 1.1%, reaching ₹258. The contract is categorized as a service agreement and does not involve any related-party transactions, as clarified by the company. In its recent financial report for Q3 FY26, Zaggle reported a significant 77.7% increase in standalone net profit, amounting to ₹35.97 crore, alongside a 47.9% rise in revenue from operations, totaling ₹497.63 crore compared to the same quarter last year.
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This agreement could enhance Zaggle's market presence and financial stability, potentially benefiting stakeholders and employees.
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