New Delhi, Feb. 10 -- Shares of Zaggle Prepaid Ocean Services, a SaaS fintech company, came under significant selling pressure in trade on Monday, February 10, hitting the 10% lower circuit limit at Rs.424.30 following the release of the company's December quarter performance.

The company reported its Q3FY25 results post-market hours on Friday, showing improvements in both revenue and profitability. However, a sharp increase in operating expenses, driven by rising employee costs and other expenditures, weighed on investor sentiment, resulting in a significant drop in the stock price.

Zaggle Prepaid, which provides spend management products and solutions, reported its highest-ever quarterly revenue of Rs.336 crore in Q3FY25, reflecting a...