Zaggle shares plunge 19% in biggest single-day decline since listing. The fintech SaaS company reported strong Q4 growth with consolidated net profit rising 30.4% year-over-year to ₹40.6 Cr and revenue jumping 49.9% to ₹617.9 Cr. However, investor concerns emerged over sequential margin compression, with adjusted EBITDA margin declining to 9.8% from 9.9% in the previous quarter despite robust top-line performance. Rising cashback costs weighed on profitability metrics. The stock hit a low of ₹230.5 on BSE before paring losses to trade 17.7% lower at ₹234. Year-to-date, the stock has declined approximately 32%. Management projects 25-30% standalone revenue growth and 40% consolidated revenue growth for FY27, but market sentiment remains cautious as investors prioritize margin sustainability over revenue expansion.
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