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Zaggle inks corporate expense deals with Chennai Super Kings, Superking Ventures & Saurashtra CementShares of Zaggle Prepaid Ocean Services Ltd ended at ₹232.95, up by ₹15.35, or 7.05%, on the BSE.By Jomy Jos Pullokaran  February 26, 2026, 11:23:48 PM IST (Published)2 Min ReadFintech firm Zaggle Prepaid Ocean Services Ltd on Thursday (February 26) said it has entered into multiple agreements to provide its corporate expense solutions to leading domestic entities.

The company will offer Zaggle Corporate Expense cards to employees and associates of Chennai Super Kings Cricket Limited and Superking Ventures Private Limited, each contract valid for one year.

Separately, Zaggle has signed a five-year agreement with Saurashtra Cement Limited to provide its Zaggle Save platform, covering employee expense management and benefits. All contracts are domestic in nature, not related party transactions, and involve no interest from the promoter or promoter group in the awarding entities.

Also Read: Zaggle Prepaid Ocean Services enters five-year referral agreement with Mastercard Asia Pacific

Third Quarter Results

The company’s net profit jumped 84.3% year-on-year to ₹36.3 crore in Q3, compared with ₹19.7 crore in the corresponding quarter last year. Revenue from operations surged 56% YoY to ₹525.5 crore, up from ₹336.8 crore, aided by higher transaction volumes and continued traction across its prepaid card and employee benefits segments.

Total income stood at ₹534.2 crore, while total expenses rose to ₹484.5 crore, reflecting increased costs linked to higher business activity. The cost of point redemption and gift cards, the company’s largest expense head, came in at ₹282.6 crore, compared with ₹185.8 crore a year ago.

Incentives and cash-back expenses increased to ₹141.7 crore from ₹82.9 crore, in line with higher customer engagement. Employee benefit expenses were ₹194.4 crore, while finance costs stood at ₹12.8 crore. Depreciation and amortisation expense for the quarter was ₹98.5 crore, and other expenses were reported at ₹296.2 crore.

Also Read: Zaggle targets $1 billion revenue within 5-7 years, says CEO Avinash Godkhindi

Zaggle Prepaid Ocean Services Ltd. is a Mumbai-based fintech SaaS company specialising in business spend management solutions.​ It digitises corporate expenses via an integrated platform covering employee benefits, rewards/incentives (Propel), expense management/reimbursements (Save), payments, and vendor automation.

Shares of Zaggle Prepaid Ocean Services Ltd ended at ₹232.95, up by ₹15.35, or 7.05%, on the BSE.Continue Reading(Edited by : Jomy Jos Pullokaran)TagsChennai Super Kingsshare market todayzaggle prepaid ocean services