Shiprocket (SHIPROCKET) H2 22/23 earnings summary
Event summary combining transcript, slides, and related documents.
H2 22/23 earnings summary
3 Nov, 2026Executive summary
FY23 revenue reached Rs 10,888.27m vs Rs 6,105.70m; net loss widened to Rs 3,338.19m from Rs 636.18m.
Auditors issued an unmodified opinion; subsidiary Wigzo’s auditor highlighted advances and receivables controls, with provisions and a customer-balance write-off recorded.
Financial highlights
Revenue from operations rose to Rs 10,888.27m from Rs 6,105.70m; other income was Rs 378.49m vs Rs 235.44m.
Cost of merchant solutions was Rs 8,344.76m vs Rs 4,775.00m; employee benefits expense increased to Rs 3,182.75m from Rs 1,220.36m.
Loss before exceptional items and tax was Rs 2,703.70m vs Rs 636.98m; exceptional items of Rs 631.58m brought FY23 loss before tax to Rs 3,335.28m.
Net loss was Rs 3,338.19m vs Rs 636.18m; operating cash flow was negative Rs 1,379.56m vs negative Rs 431.30m.
Segment performance
One reportable segment: merchant solutions, spanning shipping, fulfillment, conversion technology, payment management and related services.
Merchant solutions revenue was Rs 10,880.17m; traded-goods revenue was Rs 8.10m.
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