Stock Crash: Find out why Zaggle Prepaid shares tanked 20% on Monday

Zaggle Prepaid shares dropped 20% on August 17 after the company reported a 33% year-on-year decline in net profit to ₹17.5 crore.

Revenue increased 27.5% to ₹423 crore, but EBITDA margin fell to 7.3% from 9.2% in the previous quarter.

EBITDA margins were impacted by acquisition expenses, relocation costs, and increased employee salaries following the Dice acquisition.