Ashish Kacholia Portfolio Stock: Partners with Thomas Cook India to Transform Corporate Travel with an Advanced Expense Management Platform
The company has achieved a one-year return of 25.26 per cent
Zaggle Prepaid Ocean Services Limited (Zaggle) has announced a new agreement with Thomas Cook (India) Ltd., as per an official filing with the National Stock Exchange of India Limited (NSE) and BSE Limited.
The collaboration aims to redefine the corporate travel experience on a global scale by integrating Thomas Cook's comprehensive travel expertise with Zaggle's advanced expense management platform. This partnership is expected to deliver a superior, tech-driven solution for businesses, offering streamlined travel bookings, real-time expense tracking, and enhanced compliance through a single, unified platform.
The agreement, categorized as a domestic order, is set to be executed over a period of 2 years and has both domestic and international implications. Zaggle Prepaid Ocean Services Limited, formerly known as Zaggle Prepaid Ocean Services Private Limited, is headquartered in Telangana, India.
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The current stock price of Zaggle is Rs 358. The 52-week high is Rs 582.45, and the 52-week low is Rs 259.9. Zaggle's market capitalisation stands at Rs 4,832 crore. The company has achieved a one-year return of 25.26 per cent. The Price-Earnings (PE) Ratio is 63.68. Major public shareholders include Zuzu Software Services LLP with 4.13 per cent, Quadigo Ventures LLP with 3.92 per cent, Ashish Kacholia with 2.16 per cent, and Ajay Kumar Aggarwal with 1.02 per cent.
In Quarterly Results of Q3 FY25, Zaggle posted its highest-ever revenue and profit. The company’s revenue grew by 69 per cent year-on-year to Rs 3,364 crore. Adjusted EBITDA increased by 38 per cent to Rs 315 crore, with a margin of 9.4 per cent. Profit after tax (PAT) rose by 33 per cent to Rs 202 crore.
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Disclaimer: The article is for informational purposes only and not investment advice.