Unicommerce eSolutions (UNIECOM) Q1 26/27 earnings summary

Executive summary

• Revenue doubled and adjusted EBITDA doubled since listing two years ago, with business growing 5x over five years.

• Q1 FY26/FY27 saw strong growth with significant product upgrades, international expansion, and operational profitability in Uniware's overseas business.

• 88–115 new enterprise clients were onboarded, including notable traditional, D2C, and international brands.

• AI integration and tech-first innovation improved operational efficiency, product development, and client support.

• The group completed the acquisition of Shipway Technology Private Limited, consolidating its results from December 17, 2024.

Financial highlights

• Q1 FY26/FY27 consolidated revenue was ₹449.3 million (Rs. 449.34 million), up 63.6% year-on-year.

• Adjusted EBITDA rose 112.0% YoY to ₹94.7 million, with margins expanding from 16.3% to 21.1%.

• Profit after tax increased to ₹38.9 million, up 10.8% YoY; excluding non-cash amortisation, PAT was ₹63.7 million, up 81.5% YoY.

• Shipway contributed ₹172.00 million in revenue and became PAT profitable in Q1 FY26.

• Cash and bank balances grew 72.1% year-on-year to INR 92.6 crore.

Outlook and guidance

• Investments are front-loaded in H1 FY 2027, with profitability expected to improve in H2 FY 2027.

• Uniware expected to deliver 15%+ growth from Q4 FY 2027 onwards.

• Shipway targeted for 20%+ year-on-year growth from Q4 FY 2027, with breakeven anticipated in Q3.

• Focus remains on disciplined execution, deepening client relationships, and strengthening platform capabilities for sustainable, profitable growth.

• Continued investment in platform enhancements and AI to drive future revenue growth and retention.