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Time of India
06-05-2025
- Business
- Time of India
Logistics solutions platform Shipway achieved Ebitda break-even in Q4 FY25, says parent Unicommerce's CEO
Shipway , a logistics management company recently acquired by Unicommerce Esolutions, achieved adjusted Ebitda break-even in the fourth quarter of FY25. This milestone followed the company's loss of Rs 1.1 million during the consolidation period in Q3 FY25, Unicommerce Esolutions managing director and chief executive Kapil Makhija revealed on Tuesday. #Pahalgam Terrorist Attack India orders nationwide defence drills as Indo-Pak tensions rise What is a mock drill & what to expect during the May 7 war-like emergency blackout exercise A woman spy who helped India defeat Pakistan in 1971 'This has been possible in a short span of time by realising meaningful synergies through joint sales efforts, enhanced cross-selling initiatives, and significant operational efficiencies across both direct and indirect costs,' Makhija told analysts during a post-earnings call. The company has reduced direct costs by leveraging group-level relationships to negotiate better rates with partners and optimised indirect costs by consolidating certain corporate functions, he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like What's Really Going On in These 45 Unbelievable Photos? Click Here Undo On March 21, Unicommere completed its acquisition of the 57.24% stake in Shipway Technology it did not own , making it a wholly owned subsidiary. It had previously acquired a 42.76% stake in Shipway in December 2024, for Rs 68.4 crore. With this, the company currently offers three product platforms: Convertway, a marketing automation platform; Uniware, an order processing platform; and Shipway, a logistics management platform. Live Events Unicommerce reported a 71% year-on-year increase in its operating revenue at Rs 45 crore for the quarter ended March 2025. The Gurugram-based company's net profit for the quarter rose 16% to Rs 3.3 crore from Rs 2.8 crore in the same period last year, while its adjusted Ebitda increased by 98% to Rs 9 crore. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories According to Makhija, the overall macroeconomic environment for ecommerce remained muted in FY25, affecting Uniware's net revenue retention (NRR), which declined to 103% from 108% the previous year. 'However, we remain highly confident about the fundamental strengths and long-term growth potential of India's ecommerce landscape,' he added. Unicommerce plans to drive growth and profitability by prioritising client acquisitions, expanding cross-selling efforts, and enhancing its product offerings. 'We added more than 125 enterprise clients to Uniware in Q4 FY25 alone, our highest-ever quarterly addition,' Makhija said. These clients include brands such as Tata 1mg, Duroflex, Reid & Taylor, and Ethos. Unicommerce's overall revenue for FY25 grew by 30% to Rs 135 crore from Rs 103 crore in FY24. Net profit grew 34% to Rs 18 crore.
Economic Times
05-05-2025
- Business
- Economic Times
Unicommerce Esolutions logs 71% YoY rise in Q4 operating revenue
ETtech Kapil Makhija, CEO, Unicommerce Ecommerce software firm Unicommerce Esolutions on Monday reported a 71% year-on-year (YoY) increase in its operating revenue at Rs 45 crore for the quarter ended March Gurugram-based firm's net profit for the quarter rose 17.8% to Rs 3.3 crore compared to Rs 2.8 crore in the same period last year. Sequentially, its profit fell by half from Rs 6 crore in Q3 FY25, due to a rise in expenses. The company's total expenses rose to Rs 41 crore in Q4 from Rs 24 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits, which amounted to Rs 16 crore and other expenses at Rs 20 total income for the quarter stood at Rs 46 crore. Founded in 2012, Unicommerce offers technology solutions to manage various operations, such as warehouse and inventory management, order management, omnichannel retail management, and seller management for ecommerce platforms. The company currently offers three product platforms: Convertway, a marketing automation platform; Uniware, an order processing platform; and Shipway, a logistics management platform. On March 21, the company completed the acquisition of the remaining 57.24% stake in shipping automation firm Shipway Technology, making it a wholly owned subsidiary. It had previously acquired a 42.76% stake in Shipway in December 2024 for Rs 68.4 this, Unicommerce's overall revenue for FY25 grew by 31% to Rs 135 crore from Rs 103 crore in FY24. Its net profit grew by 38% to Rs 18 crore. In February, Unicommerce CEO Kapil Makhija highlighted that the key growth drivers for the company would be the expansion of ecommerce through digital adoption, an increase in the total addressable market through complementary offerings, client acquisition, and an extended product portfolio. The company's clients include new-age consumer brands like omnichannel eyewear retailer Lenskart, homegrown wearable and audio product brand Boat, skincare brand Mamaearth and online fashion retailer Myntra. It closed on Monday up 6.27% at Rs 127.15 on the BSE. The results were declared post-market hours.
Time of India
05-05-2025
- Business
- Time of India
Unicommerce Esolutions logs 71% YoY rise in Q4 operating revenue
Ecommerce software firm Unicommerce Esolutions on Monday reported a 71% year-on-year (YoY) increase in its operating revenue at Rs 45 crore for the quarter ended March 2025. #Pahalgam Terrorist Attack Pakistan's economy has much more to lose than India's due to the ongoing tensions, warns Moody's Ratings The day Pakistan got the power to poke India India demands ADB to stop funds to Pakistan as fallout of Pahalgam terror attack deepens The Gurugram-based firm's net profit for the quarter rose 17.8% to Rs 3.3 crore compared to Rs 2.8 crore in the same period last year. Sequentially, its profit fell by half from Rs 6 crore in Q3 FY25, due to a rise in expenses. The company's total expenses rose to Rs 41 crore in Q4 from Rs 24 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits, which amounted to Rs 16 crore and other expenses at Rs 20 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo Its total income for the quarter stood at Rs 46 crore. Founded in 2012, Unicommerce offers technology solutions to manage various operations, such as warehouse and inventory management, order management, omnichannel retail management, and seller management for ecommerce platforms. Live Events The company currently offers three product platforms: Convertway, a marketing automation platform; Uniware, an order processing platform; and Shipway, a logistics management platform. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories On March 21, the company completed the acquisition of the remaining 57.24% stake in shipping automation firm Shipway Technology, making it a wholly owned subsidiary. It had previously acquired a 42.76% stake in Shipway in December 2024 for Rs 68.4 crore. With this, Unicommerce's overall revenue for FY25 grew by 31% to Rs 135 crore from Rs 103 crore in FY24. Its net profit grew by 38% to Rs 18 crore. In February, Unicommerce CEO Kapil Makhija highlighted that the key growth drivers for the company would be the expansion of ecommerce through digital adoption , an increase in the total addressable market through complementary offerings, client acquisition, and an extended product portfolio. The company's clients include new-age consumer brands like omnichannel eyewear retailer Lenskart , homegrown wearable and audio product brand Boat, skincare brand Mamaearth and online fashion retailer Myntra. It closed on Monday up 6.27% at Rs 127.15 on the BSE. The results were declared post-market hours.
