Shiprocket Achieves Profitability in Q2 FY27
Shiprocket, a logistics and e-commerce enablement firm based in New Delhi, marked a significant milestone by turning profitable in Q2 FY27. The company reported a net profit of Rs 60 lakh, compared to a net loss of Rs 20.30 crore during the same quarter last year. The growth in operating revenue reached an impressive 34.8% year-on-year in this quarter.
According to consolidated financial statements from the NSE, Shiprocket’s revenue from operations soared to Rs 674 crore in Q2 FY27, up from Rs 500 crore in Q2 FY26. Additionally, the company garnered Rs 20 crore from other income sources, resulting in a total income of Rs 694 crore for the quarter.
Key Business Segment Performance
The primary business segment of Shiprocket continued to provide the bulk of revenue, increasing by 25.3% year-on-year to Rs 461.5 crore in Q2 FY27. In contrast, the emerging business segment, which encompasses cross-border shipping, omnichannel fulfilment, hyperlocal delivery, and e-commerce enablement solutions such as checkout and marketing technology, experienced remarkable growth of 60.6%, rising to Rs 212 crore from Rs 132 crore in Q2 FY26.
Cost Analysis
On the expenditure side, the cost of materials consumed represented the largest expense, climbing by 29.8% to Rs 479 crore in Q2 FY27, up from Rs 369 crore in the previous year. Employee benefit expenses saw an increase of 8.3%, reaching Rs 104 crore from Rs 96 crore. Depreciation expenses rose sharply by 47% to Rs 11.76 crore compared to Rs 8 crore previously, while other expenses grew by 58.1% to Rs 98 crore from Rs 62 crore. Overall, Shiprocket’s total expenses increased by 29.5%, amounting to Rs 693 crore in Q2 FY27, up from Rs 535 crore in Q2 FY26.
Half-Year Performance
For the first half of FY27, Shiprocket reported a 34.3% increase in operating revenue, climbing to Rs 1,266 crore from Rs 943 crore in H1 FY26. Additionally, the company reduced its net loss by 65.8%, narrowing it to Rs 13.12 crore from Rs 38.32 crore in the same period last year.
As of 1:07 PM, Shiprocket’s shares were trading at Rs 131.50, which provided the firm with an approximate market capitalisation of Rs 9,593 crore.