Unicommerce profit soars over 62% in Q3 FY25

E-commerce enablement SaaS platform Unicommerce continued its growth trajectory over the last quarter, reporting a 26% increase in revenue and more than a 60% jump in profit.

The company’s revenue from operations rose to Rs 32.7 crore from Rs 26 crore in the corresponding quarter of the previous fiscal year.

Including other undisclosed income, Unicommerce’s total income for Q3 FY25 reached Rs 34.2 crore from Rs 27.6 crore in Q3 FY24, according to its quarterly result reported to the National Stock Exchange.

On the expense side, employee benefits expenses decreased 11% to Rs 12.8 crore in Q3 FY25 from Rs 14 crore in the same quarter of FY23.

Server hosting expenses, however, surged by 47% to Rs 2.2 crore from Rs 1.5 crore, reflecting investments in ramping up technology infrastructure. While depreciation and amortization grew to Rs 1.1 crore, finance costs stood at Rs 1.2 crore in the last quarter.

At the end, Unicommerce’s total expenses for the quarter increased 14.7% to Rs 25.7 crore from Rs 22.4 crore in Q3 FY24. Despite the increase in expenses, the firm reported a 61.5% spike in its profit to Rs 6.3 crore in Q3 FY25 as compared to Rs 3.9 crore in Q3 FY24.

During the last quarter, Unicommerce acquired Shipway, a Gurugram-based e-commerce technology platform. With this acquisition, the SoftBank-backed company will compete with Shiprocket, which reportedly plans to raise between Rs 2,000 to Rs 2,500 crore through its IPO. The Tribe Capital-backed firm recently converted itself into a public entity. Entrackr exclusively reported the development.

Since its public listing in August 2024, Unicommerce has witnessed significant growth in its market capitalization, which now stands at Rs 1,626 crore. The company’s share price has surged to Rs 158.8 from its initial listing price of Rs 108.

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