Zaggle Q1 profit falls 33% despite 28% revenue growth as acquisition costs weigh on margins

Zaggle's Q1 net profit fell 33% to ₹17.5 crore due to acquisition costs.

Revenue rose 28% to ₹423 crore, driven by ₹160 crore from programme fees and ₹250.7 crore from Propel platform revenue.

EBITDA margin fell to 7.3% due to expenses from Dice and Zagg.Money acquisitions.

The company expects revenue from Dice contracts to start reflecting from Q2 FY27.