Shiprocket Limited announced its financial results for the second quarter ended September 30, 2026 (Q2 FY27). The company achieved a profit after tax (PAT) of ₹6 Mn, a significant turnaround from a loss of ₹203 Mn in the prior year. Revenue from operations grew by 35% YoY to ₹6,736 Mn, driven by strong performance in both Core and Emerging businesses. Adjusted EBITDA also increased to ₹142 Mn.
Shiprocket Achieves Profitability in Q2 FY27
Shiprocket Limited, a leading e-commerce enablement platform, reported its consolidated financial results for the quarter ended September 30, 2026 (Q2 FY27). The company has turned profitable, posting a Profit After Tax (PAT) of ₹6 Mn, a substantial improvement compared to a loss of ₹203 Mn in the same period last year and ₹137 Mn in Q1 FY27. This positive shift in profitability was attributed to strong operational performance and strategic initiatives.
Revenue and EBITDA Growth
Revenue from operations for Q2 FY27 saw a robust year-on-year increase of 35%, reaching ₹6,736 Mn. This growth was bolstered by strong performances across both the company’s Core and Emerging business segments. Adjusted EBITDA also climbed to ₹142 Mn.
Core and Emerging Business Performance
The Core Business generated ₹591 Mn of Adjusted EBITDA, reflecting a 29% increase on a 25% revenue growth. The Emerging Business revenue grew by an impressive 61% year-on-year, narrowing its Adjusted EBITDA margin from (31.5%) to (21.2%).
Balance Sheet Strength and Debt Repayment
Following IPO proceeds, Shiprocket has repaid all its borrowings, achieving a debt-free status in the first half of FY27. The company reported net cash from operating activities of ₹551 Mn in H1 FY27, a significant increase from ₹238 Mn in H1 FY26. Borrowings of ₹2,420 Mn at March 31, 2026, have been fully repaid.
Q2 FY27 Highlights
- Platform Scale: Trailing twelve month (TTM) GMV stood at ₹373,987 Mn across 233 Mn unique transactions, serving over 236,100 active merchants. Core Business transactions grew 37% YoY.
- Segment Performance: Core Business revenue grew 25% YoY to ₹4,615 Mn. Emerging Business revenue grew 61% YoY to ₹2,122 Mn, now contributing 31% of revenue.
- Profitability: Contribution up 43% YoY to ₹1,300 Mn (19.3% of revenue). Adjusted EBITDA grew to ₹142 Mn and PAT of ₹6 Mn. Core Business Adjusted EBITDA margin rose to 12.8%. Emerging Business contribution margin rose to 15.4%.
- Cross-sell: Merchants served via Emerging Business grew 75% to 62,025 (TTM).
- Balance sheet: Net cash from operating activities of ₹551 Mn in H1 FY27.
Management Commentary
Saahil Goel, Managing Director and CEO of Shiprocket, stated, “We are in the business of making other people a business, and our ambition is simple: to see the next generation of great Indian brands built on Shiprocket.” Tanmay Kumar, CFO, added, “We generated ₹551 Mn from operations in the first half, more than twice last year, and we are debt-free.”
Source: BSE
