Shiprocket announced robust financial results for the second quarter of FY27, with revenue climbing 35% year-on-year to INR 670 crores. The company achieved PAT positive status, a significant improvement attributed to operating leverage and cost efficiencies. Adjusted EBITDA also saw a substantial increase, highlighting strong operational performance across both core and emerging businesses.
Shiprocket Q2 FY27 Earnings Highlights
Shiprocket Limited has reported strong financial performance for the second quarter ended September 30, 2026. The company’s revenue surged by 35% year-on-year, reaching approximately INR 670 crores. This growth was driven by increased transaction volumes and expanding merchant base.
Profitability and EBITDA Growth
A key highlight for the quarter is Shiprocket achieving PAT positive status. Adjusted EBITDA also demonstrated significant improvement, rising to INR 14 crores. The company attributes this turnaround to effective operating leverage stemming from platform scale and continued investments in technology and customer acquisition.
Core and Emerging Segment Performance
The core business segment, primarily shipping, contributed significantly with revenue up 25% to about INR 460 crores and Adjusted EBITDA at INR 59 crores with a margin of 12.8%. The Emerging Businesses segment, including MarTech and Omnichannel, saw revenue growth of over 61% to about INR 210 crores. While still in a negative EBITDA position, the adjusted EBITDA margin improved to minus 21.2% from minus 31.5% in the previous year, indicating a positive trend in unit economics.
Key Operational Metrics
On a trailing 12-month basis, Shiprocket processed over 233 million transactions and managed GMV of about INR 37,400 crores from over 236,000 active merchants. Revenue per merchant increased by 25%, reflecting deeper engagement and adoption of Shiprocket’s expanding service offerings.
Strategic Focus and Future Outlook
Shiprocket continues to focus on its purpose of enabling Indian e-commerce through technology. The company is bullish on D2C and quick commerce, providing merchants with a unified platform for logistics, checkout, and marketing. Investments in AI-driven tools like RADAR and Analytics are aimed at enhancing merchant experience and operational efficiency. The company sees substantial growth opportunities in its MarTech and Omnichannel segments, with current penetration at 10% and 79% respectively, indicating significant headroom for future expansion.
Source: BSE
