Unicommerce Reports Impressive Growth in Revenue and Profit

E-commerce enablement SaaS platform Unicommerce has continued to thrive in its growth journey, showcasing a remarkable 26% increase in revenue along with a more than 60% boost in profit during the last quarter. The company’s operational revenue has climbed to Rs 32.7 crore, compared to Rs 26 crore during the same quarter in the previous fiscal year.

When factoring in additional undisclosed income, Unicommerce’s overall income for Q3 FY25 reached Rs 34.2 crore, up from Rs 27.6 crore in Q3 FY24, as reported in its quarterly results submitted to the National Stock Exchange.

Expenditure Analysis

On the expenses front, employee benefits expenses saw a decrease of 11%, dropping to Rs 12.8 crore in Q3 FY25 from Rs 14 crore in the same quarter of FY23. However, server hosting expenses experienced a significant increase of 47%, rising to Rs 2.2 crore from Rs 1.5 crore, a move reflecting investments aimed at enhancing the technology infrastructure. Additionally, depreciation and amortization costs rose to Rs 1.1 crore, while financial costs were reported at Rs 1.2 crore for the last quarter.

Ultimately, Unicommerce’s total expenses for the quarter grew by 14.7%, reaching Rs 25.7 crore, up from Rs 22.4 crore in Q3 FY24. Despite these growing expenses, the company recorded a substantial 61.5% jump in profits, amounting to Rs 6.3 crore in Q3 FY25, compared to Rs 3.9 crore in Q3 FY24.

Recent Developments

In the last quarter, Unicommerce expanded its portfolio by acquiring Shipway, an e-commerce technology platform based in Gurugram. This strategic move positions the SoftBank-backed company to compete with Shiprocket, which has plans to raise between Rs 2,000 and Rs 2,500 crore through its IPO. Shiprocket, which has recently transitioned into a public entity with backing from Tribe Capital, has been at the forefront of the e-commerce technology sector. This development was reported exclusively by Startup Superb.

Following its public listing in August 2024, Unicommerce has seen significant appreciation in its market capitalisation, which is currently valued at Rs 1,626 crore. The company’s share price has also experienced a notable increase, rising to Rs 158.8 from the initial listing price of Rs 108.