Logistics and ecommerce enablement platform Shiprocket is showing signs of moving closer to profitability in its first quarterly results after going public. The company’s consolidated net loss narrowed 24% year-on-year to Rs 13.7 crore in Q1 FY27, compared with Rs 18 crore in the same quarter last year. Shiprocket’s revenue from operations also rose 33.8% to Rs 592 crore from Rs 442 crore in Q1 FY26, according to the unaudited results filed with the National Stock Exchange (NSE). According to the investor presentation, the company processed 216 million transactions, with a GMV of Rs 34,662 crore and 2.24 lakh active merchants during Q1 FY27. Its core business revenue grew 22% year-on-year to Rs 412 crore, while its other emerging businesses saw a 70% growth to Rs 180 crore during the quarter. On the cost side, the cost of merchant solutions was the largest expenditure at Rs 441 crore, while employee benefits stood at Rs 106 crore. Overall, its total expenditure increased to Rs 619 crore in Q1 FY27 from Rs 474 crore a year earlier. Meanwhile, Shiprocket’s adjusted EBITDA was positive at Rs 8.9 crore during the quarter, improved from Rs 1 crore in the year-ago period. The company said it remained adjusted EBITDA positive throughout the quarter. The results come soon after Shiprocket’s stock market debut, making the June quarter an important first test for the company as a listed entity. The company was trading at Rs 138.49 as of 10:48 AM, giving it a total market capitalisation of Rs 10,076 crore ($1.04 billion). Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
