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Unicommerce eSolutions (UNIECOM) investor relations material
Unicommerce eSolutions Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 25/26 earnings summary12 Nov, 2025
Executive summary
Consolidated revenue grew 75.3% year-over-year to INR 51.4 crore (₹513.8 million) in Q2 FY26, with annualized revenue run rate surpassing INR 200 crore (₹2.1 billion) for the first time, up from INR 110 crore at listing in August 2024.
Adjusted EBITDA increased 85.1% year-over-year to INR 11.4 crore (₹114.2 million) in Q2 FY26, with annualized adjusted EBITDA run rate exceeding INR 45 crore.
PAT (excluding Shipway amortization) rose 46.5% YoY in Q2 FY26 and 61.9% YoY in H1 FY26.
Shipway and UniWARE segments drove growth, with Shipway's revenue run rate up 26% sequentially to INR 90 crore (₹869 million) in Q2 FY26, nearly 50% higher YoY.
Over 1,000 enterprise clients on UniWARE, with 100+ new enterprise acquisitions in Q2 FY26.
Financial highlights
Q2 FY26 consolidated revenue: INR 51.4 crore (₹513.8 million), up 75.3% YoY; H1 FY26 revenue: INR 96.3 crore (₹963.2 million), up 69.6% YoY.
Adjusted EBITDA: INR 11.4 crore (₹114.2 million), up 85.1% YoY; margin stable at 22.2% in Q2 FY26 and 21.7% in H1 FY26.
PAT for Q2 FY26: INR 5.8 crore (₹57.8 million), up 29.2% YoY; H1 FY26: INR 9.7 crore (₹96.7 million), up 21.1% YoY.
Cash and bank balances as of 09/30/2025: INR 63.4 crore (₹633.8 million); net cash flow from operations in H1 FY26: INR 29.7 crore (₹296.7 million).
Revenue per employee increased 58.9% YoY in Q2 FY26.
Outlook and guidance
Management expects annualized revenue and adjusted EBITDA run rates to sustain current levels, driven by strong operating leverage.
Price escalation clauses in new contracts are expected to support realization per transaction in H2 and beyond.
Focus remains on disciplined execution, expanding client base, and continuous platform enhancement.
Shipway is expected to continue strong growth, leveraging a large courier aggregation market opportunity.
Integration of Shipway Technology and launch of new payment reconciliation module (UniReco) expected to enhance product offerings and support future growth.
Impact of price escalation on realization
Shipway's breakeven strategy: long-term impact
Strategy to reduce enterprise client churn
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Next Unicommerce eSolutions earnings date
Q3 25/262 Feb, 2026
Next Unicommerce eSolutions earnings date
Q3 25/262 Feb, 2026
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Frequently asked questions
Unicommerce eSolutions Limited is an India-based company specializing in e-commerce enablement and supply chain management solutions. The company provides a cloud-based platform for order management, warehouse management, and omnichannel retail operations, helping businesses streamline inventory, logistics, and fulfillment processes. Unicommerce serves e-commerce sellers, brands, retailers, and third-party logistics providers, offering integration with multiple marketplaces, courier services, and enterprise resource planning (ERP) systems. Unicommerce eSolutions Limited is headquartered in Gurugram, India, and its shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
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