Gurugram-based e-commerce software provider Unicommerce eSolutions Limited reported a strong 64% year-on-year increase in operating revenue for the first quarter of FY26, reaching ₹44.9 crore, up from ₹27.4
Gurugram-based e-commerce software provider Unicommerce eSolutions Limited reported a strong 64% year-on-year increase in operating revenue for the first quarter of FY26, reaching ₹44.9 crore, up from ₹27.4 crore in the same quarter last year.
The company’s adjusted EBITDA more than doubled to ₹9.4 crore, with margins expanding to 21.1%, compared to 16.3% in Q1 FY25. However, the net profit saw only a modest rise of 10.8%, reaching ₹3.89 crore, primarily due to higher expenses and non-cash amortisation charges from the integration of recently acquired Shipway Technology.
Without these amortisation expenses, Unicommerce’s adjusted net profit would have stood at ₹6.3 crore — an 82% increase year-on-year.
Total expenses for the quarter rose to ₹41 crore from ₹24 crore a year earlier. This increase was mainly driven by other operational expenses and acquisition-related amortisation from the Shipway deal. However, employee benefit expenses declined year-on-year, indicating increased cost efficiency in workforce management.
Kapil Makhija, Managing Director and CEO, noted the company’s solid growth in international markets and highlighted Shipway’s profitability milestone. “Our international business turned operationally profitable in Q1, supported by a lean delivery model leveraging our India teams, while Shipway became PAT positive during the quarter,” he said.
Anurag Mittal, Chief Financial Officer, added, “The quarter reflected both top-line momentum and continued improvement in operating profitability. Adjusted EBITDA growth was offset at the PAT level due to acquisition-related accounting adjustments.”
Unicommerce continues to expand its client base, with new additions this quarter including:
Founded in 2012, Unicommerce offers SaaS-based solutions for warehouse and inventory management, order and omnichannel retail management, and logistics aggregation. Its platforms — Uniware, Shipway, and Convertway — serve both digital-first brands and established retailers.
