Ashish Kacholia’s portfolio multibagger-IT stock: Company reports stellar quarterly results (Q1FY25); PAT jumps over 700 per cent!

The stock gave multibagger returns of 116 per cent from its 52-week low of Rs 155.60 per share.

On Wednesday, shares of Zaggle Prepaid Ocean Services Ltd gained 0.21 per cent to Rs 335.75 per share with an intraday high of Rs 353.60 and an intraday low of Rs 332. The stock’s 52-week high is Rs 391.65 and its 52-week low is Rs 155.60.

Zaggle is a fintech company founded in 2011 that provides automated and innovative solutions to help businesses manage their expenses. The company offers a range of fintech and SaaS products and services to corporates in a variety of industries, including banking and finance, technology, healthcare, manufacturing, FMCG, infrastructure, and automobile.

According to Quarterly Results, the net sales increased by 113 per cent to Rs 252.12 crore, the operating profit increased by 186 per cent to Rs 26.95 crore and net sales increased by 714 per cent to Rs 16.72 crore in Q1FY25 compared to Q1FY24. In its annual results, the net sales increased by 40 per cent to Rs 775.60 crore, the operating profit increased by 66 per cent to Rs 81.86 crore and net sales increased by 92 per cent to Rs 44.02 crore in FY24 compared to FY23.

The company has a market cap of over Rs 4,000 crore and as of June 2024, Ashish Kacholia & his company (Bengal Finance and Investment Pvt Ltd) together own 4.26 per cent stake in the company. The stock gave multibagger returns of 116 per cent from its 52-week low of Rs 155.60 per share. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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