Unicommerce FY24: Net Profit Doubles To INR 13.1 Cr, Revenue Crosses INR 100 Cr Mark

Unicommerce FY24: Net Profit Doubles To INR 13.1 Cr, Revenue Crosses INR 100 Cr Mark

SUMMARY

Unicommerce’s operating revenue rose 15% to INR 103.58 Cr in FY24 from INR 90.06 Cr in FY23

Total expenses rose over 9% to INR 91.9 Cr in FY24 from INR 84.1 Cr in the previous fiscal year

Unicommerce’s IPO, which comprises only an offer-for-sale component of 2.56 Cr equity shares, will open on August 6

IPO-bound Unicommerce’s net profit more than doubled to INR 13.1 Cr in the financial year 2023-24 (FY24) from INR 6.5 Cr reported in the previous year.

The startup, backed by AceVector (formerly Snapdeal), saw its revenue from contracts with customers or operating revenue rise 15% to INR 103.58 Cr in the reported fiscal as against INR 90.06 Cr in FY23.

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