Unicommerce eSolutions Reports 75% Revenue Growth, Crosses 1,000 Enterprise Clients in Q2 FY26
Unicommerce eSolutions Limited announced robust Q2 FY26 results, with revenue up 75.30% YoY to ₹513.80 crore. Adjusted EBITDA grew 85.10% to ₹114.20 crore, while PAT increased 29.20% to ₹57.80 crore. The company's annualized revenue run-rate exceeded ₹2.10 billion. Operationally, Uniware crossed 1,000 enterprise clients and maintained an annual transaction run-rate of over 1.10 billion order items. Shipway's revenue run-rate increased 26% QoQ to ₹869.00 million. The company launched new products including UniCapture and ShipSense AI. Cash position strengthened with a 79.50% increase in cash and bank balance to ₹633.80 million since March.

*this image is generated using AI for illustrative purposes only.
Unicommerce eSolutions Limited has reported robust financial results for the second quarter of fiscal year 2026, demonstrating strong growth across key metrics and achieving significant milestones in its business operations.
Financial Highlights
For the quarter ended September 30, 2025 (Q2 FY26), Unicommerce reported:
| Metric | Q2 FY26 | Q2 FY25 | YoY Growth |
|---|---|---|---|
| Revenue | ₹513.80 | ₹293.10 | 75.30% |
| Adjusted EBITDA | ₹114.20 | ₹61.70 | 85.10% |
| Profit After Tax (PAT) | ₹57.80 | ₹44.70 | 29.20% |
The company's annualized revenue run-rate exceeded ₹2.10 billion for the first time. Adjusted EBITDA margin improved to 22.20%, up from 21.00% in the same quarter last year.
Operational Highlights
- Uniware, the company's order processing platform, crossed 1,000 enterprise clients during the quarter.
- The platform maintained an annual transaction run-rate of over 1.10 billion order items.
- Shipway, the company's logistics management platform, remained profitable with its revenue run-rate increasing 26% quarter-on-quarter to ₹869.00 million.
- Quick commerce throughput on Uniware crossed an annualized run-rate of over 72 million items.
Product Innovation
Unicommerce continued to invest in product innovation:
- Launched UniCapture, a Video Management System integrated with Uniware, to improve shipment visibility and strengthen dispute resolution.
- Shipway introduced ShipSense AI, optimizing courier allocation to lower logistics costs and improve delivery success.
- Convertway enhanced its COD-to-prepaid journey, helping clients reduce returns and improve margins.
Management Commentary
Kapil Makhija, Managing Director & CEO, commented: "We continued the strong momentum from Q1 FY26 into Q2 with focused execution across revenue growth, profitability, and our key strategic priorities. Our consolidated revenue grew at a healthy pace, taking our annualized revenue run-rate to over ₹2.10 billion for the first time, up from approximately ₹1.10 billion at the time of listing."
Cash Position
The company reported a strong cash position, with cash and bank balance growing 79.50% to ₹633.80 million since March 2025. Operating cash flow increased 84.20% year-on-year to ₹296.70 million for the half-year period.
Additional Corporate Updates
- The Board approved the re-appointment of BDO India Services Private Limited as Internal Auditors for 2025-2026 and subsequent years.
- Approved audited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2025.
- Completed the acquisition of the remaining 57.24% stake in Shipway Technology Private Limited through a non-cash share swap arrangement, resulting in the allotment of 6,033,189 equity shares.
- Commercially launched payment reconciliation module UniReco and capitalized ₹19.20 million under Intangible Assets.
- Incurred IPO expenses of ₹303.60 million, with ₹285.46 million recovered from selling shareholders and ₹8.04 million yet to be billed.
Unicommerce's performance demonstrates its strong position in the e-commerce enablement space, with continued growth in both revenue and profitability.
Historical Stock Returns for Unicommerce eSolutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.14% | +4.88% | +1.51% | -4.03% | -24.26% | -36.47% |







































