Shiprocket narrows Q1 loss to ₹13.7 crore as revenue jumps 34%
What's the deal? Shiprocket cut its consolidated net loss by 24% year-on-year to ₹13.7 crore in Q1 FY27, down from ₹18 crore a year earlier. Revenue from operations rose 33.8% to ₹592 crore, up from ₹442 crore in Q1 FY26, per unaudited results filed with the National Stock ExchangeDealroom has a profile for this one. Try Dealroom →.
Why now? These are Shiprocket's first quarterly results as a public company, making the June quarter an early test after its stock market debut.
What's the endgame? The logistics and e-commerce enablement platform is pushing towards profitability. Adjusted EBITDA came in at a positive ₹8.9 crore, up from ₹1 crore a year ago, and the company said it stayed adjusted EBITDA positive across the full quarter.
Core business revenue grew 22% to ₹412 crore, while emerging segments jumped 70% to ₹180 crore. Shiprocket processed 216 million transactions with a GMV of ₹34,662 crore and 2.24 lakh active merchants in the quarter.
What could go wrong? Costs are still climbing. Total expenditure rose to ₹619 crore from ₹474 crore a year earlier, led by ₹441 crore in merchant solutions and ₹106 crore in employee benefits — keeping the company in the red despite stronger revenue.
The signal: Shiprocket now trades at ₹138.49, giving it a market capitalisation of ₹10,076 crore ($1.04 billion). Narrowing losses alongside positive adjusted EBITDA suggests the newly listed firm is trying to prove its unit economics work at scale.
Read more: startupsuperb.com
