Unicommerce’s Q3 Profit Jumps 62% YoY To INR 6.3 Cr

SaaS major Unicommerce’s consolidated net profit zoomed 62.1% to INR 6.29 Cr in the third quarter of the ongoing financial year (FY25) from INR 3.88 Cr in the year-ago quarter.

Sequentially, profit increased 40.7% from INR 4.47 Cr. The company’s adjusted EBITDA for Q3 FY25 increased 63.5% year-on-year (YoY) to INR 8.88 Cr, while adjusted EBITDA margin expanded 620 basis points YoY to 27.1%.

The robust jump in its bottom line came on the back of an over 26% jump in revenue from contract with customers to INR 32.74 Cr from INR 25.96 Cr in Q3 FY24. Sequentially, the company’s top line saw a rise of 11.7% from INR 29.31 Cr. 

Including other income of INR 1.50 Cr, Unicommerce’s total income for the quarter stood at INR 34.24 Cr. 

Meanwhile, total expenses grew 14.4% YoY and 4.5% quarter-on-quarter (QoQ) to INR 25.68 Cr during the quarter under review.

The company, which claims to be the largest ecommerce enablement SaaS platform by revenue, expanded its services this quarter with the acquisition of Shipway. The acquisition increased the total addressable market for Unicommerce to over $1.15 Bn at the end of the quarter. 

The company now claims to provide solutions across the full-stack of ecommerce enablement. It said that it is serving over 7,000 clients including the likes of Lenskart, Mamaearth, Sugar, Healthkart, Urban Company, among others. It said its annual transaction run rate crossed the 1 Bn mark during the quarter.

“This quarter, we continued expanding our enterprise client base, onboarding marquee brands such as Hidesign and Hummel while strengthening our engagement with existing clients like SUGAR Cosmetics… Our strategic acquisitions of Shipway and Convertway have strengthened our position as a leading e-commerce enablement platform. With a combined customer base of 7,000+ across the three platforms, we are unlocking upsell and cross-sell opportunities, further enhancing the value we deliver across the e-commerce ecosystem,” Unicommerce’s MD and CEO Kapil Makhija said. 

Here’s a breakdown of the company’s three businesses at the end of the quarter:

• With its marketing automation platform Convertway, Unicommerce provides services like live WhatsApp Chatbot, targeted campaigns and customer segmentation. Unicommerce said that the platform had an annual run rate of 110 Mn+ notifications at the end of the December quarter. 
• Its transaction processing layer software, Uniware, provides warehouse and inventory management system, omnichannel retail solutions and seller management panel. It had an annual transaction run rate of 1,036 Mn for the 11,860+ client facilities it served in the quarter. 
• Unicommerce’s recently acquired logistics management platform, Shipway, had an annual shipment run rate of over 7 Mn between November 17 and December 31. The acquisition was completed on December 17. 

Shares of Unicommerce ended Friday’s (January 31) trading session 4.29% higher at INR 144.65 on the BSE.