Unicommerce Q1 FY25: Posts Rs 27 Cr Revenue, Profit Up 22% QoQ

Ecommerce SaaS platform Unicommerce has disclosed its financial performance for Q1 FY25, reporting a 3% growth in revenue and a 22% increase in profit margins compared to the same period in the previous fiscal year.

The Gurugram-based company’s revenue from operations reached Rs 27.4 crore in Q1 FY25, growing from Rs 26.5 crore in Q1 FY24 as per its audited financial statements with the National Stock Exchange (NSE). Its operating revenue witnessed a 15% growth from Rs 90 crore in FY23 to Rs 103 crore in FY24.

Unicommerce specializes in offering comprehensive e-commerce solutions, encompassing inventory, return, and omnichannel management. Beyond its operations in India, the company also serves markets in Indonesia, the Philippines, Singapore, Malaysia, UAE, and Saudi Arabia, among others.

In terms of expenditure, Unicommerce spent on employee benefits, server hosting, finance, legal, and other operational expenses. These expenditures amounted to Rs 24.2 crore in the quarter under review, an increase from Rs 23.9 crore in the preceding quarter.

Unicommerce’s strategic management led to a 22% growth in profit margins, reaching Rs 3.5 crore in Q1 FY25, compared to the previous quarter’s profit of Rs 2.87 crore. On a per-unit basis, the company spent Rs 0.88 to generate a rupee in revenue during this period.

The firm launched an Initial Public Offering (IPO) of 276 crore, which was open to the public from August 2 to August 6, with a price range of Rs 102-108 per share. The company’s IPO was met with significant demand, with an oversubscription rate exceeding 168 times. As of August 30, the company’s stock price stands at Rs 221.97, reflecting a market capitalization of approximately Rs 2,273 crore (or $274 million).