Shiprocket swings to Rs 0.6 crore profit in Q2 FY27, revenue up 35%
The logistics platform, listed in August, reported its first profitable quarter after its IPO.
E-commerce logistics platform Shiprocket reported a consolidated net profit of Rs 0.6 crore for the September quarter (Q2 FY27), against a loss of Rs 20.3 crore a year earlier, Medianama reported. It had posted a loss of Rs 13.7 crore in Q1 FY27.
Revenue from operations rose 35% to Rs 673.6 crore from Rs 500.2 crore in Q2 FY26. Total income, including Rs 19.9 crore of other income, stood at Rs 693.5 crore.
The core domestic shipping business brought in Rs 461.4 crore of revenue and a profit of Rs 59.1 crore. The emerging business, which covers cross-border shipping, marketing tech and omnichannel, grew revenue 61% to Rs 212.2 crore, while its loss widened to Rs 44.9 crore from Rs 41.6 crore.
Shiprocket, backed by Temasek and PayPal, listed on the stock exchanges in August this year.
“PAT turned positive this quarter on three drivers,” said chief financial officer Tanmay Kumar, pointing to scale in the core business, growth in the emerging business and IPO proceeds that retired all of the company’s borrowings.
