Unicommerce eSolutions has announced strong financial results for the second quarter and first half of fiscal year 2026, showcasing significant growth in revenue and profitability.

Q2 FY26 Highlights

• Revenue surged 75.30% year-on-year to ₹51.40 crore
• Adjusted EBITDA rose 85.10% to ₹11.40 crore
• Adjusted EBITDA margin improved by 118 basis points to 22.20%
• Profit After Tax (PAT) increased 29.20% to ₹5.80 crore

H1 FY26 Performance

• Revenue grew 69.60% year-on-year to ₹96.30 crore
• Adjusted EBITDA jumped 96.40% to ₹20.90 crore
• Adjusted EBITDA margin expanded by 296 basis points to 21.70%
• PAT rose 21.10% to ₹9.70 crore

Key Business Metrics

• Annual Recurring Revenue (ARR) reached ₹205.50 crore, up 75.30% year-on-year
• Uniware platform achieved an annual transaction run-rate of over 1.1 billion order items
• Enterprise client base surpassed 1,000 during the quarter

Segment Performance

Shipway, Unicommerce's subsidiary, continued its strong growth trajectory:

• Annualized revenue run-rate increased 26% quarter-on-quarter to ₹86.90 crore
• Nearly 50% higher than the ₹55-60 crore run-rate at the time of acquisition announcement a year ago

Product Innovation

The company launched several new features across its platforms:

• UniCapture: A Video Management System integrated with Uniware to improve shipment visibility and dispute resolution
• ShipSense AI: Introduced by Shipway to optimize courier allocation and improve delivery success
• Convertway: Enhanced COD-to-prepaid journey to help clients reduce returns and improve margins

Management Commentary

Kapil Makhija, Managing Director & CEO, stated: "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 ₹200 crore for the first time, up from approximately ₹110 crore at the time of listing."

Anurag Mittal, Chief Financial Officer, added: "Profitability also strengthened, with Adjusted EBITDA growing by 85.10% year-on-year in Q2 and by 96.40% in H1 FY26, leading to an annualized Adjusted EBITDA run-rate of over ₹45 crore. This reflects enhanced operational efficiency and cost discipline."

Outlook

While consumer sentiment was mixed during the quarter due to the Shradh period and anticipation of GST-related pricing changes, demand recovered strongly in the last 10 days of Q2 and remained firm through the festive period in Q3. The company's focus remains on disciplined execution, expanding its client base, and continuously strengthening its platforms to drive sustainable and profitable growth.

Unicommerce's robust performance in Q2 and H1 FY26 demonstrates its strong position in the e-commerce enablement SaaS space, with significant growth across key financial and operational metrics. The company's continued focus on innovation and client expansion positions it well for future growth in the dynamic e-commerce landscape.

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:

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:

1. Launched UniCapture, a Video Management System integrated with Uniware, to improve shipment visibility and strengthen dispute resolution.
2. Shipway introduced ShipSense AI, optimizing courier allocation to lower logistics costs and improve delivery success.
3. 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.