Shiprocket (SHIPROCKET) H2 24/25 earnings summary

Executive summary

• FY25 revenue from operations was Rs 16,320.12m versus Rs 13,159.76m in FY24; net loss narrowed to Rs 744.49m from Rs 5,951.81m.

• Core Business segment results were positive at Rs 1,569.33m, while Emerging Business recorded a Rs 1,499.05m segment loss.

• The auditor issued an unmodified opinion and found internal financial controls adequate and effective in all material respects as at March 31, 2025.

Financial highlights

• Total income was Rs 16,748.21m versus Rs 13,578.33m in FY24; revenue from operations was Rs 16,320.12m versus Rs 13,159.76m.

• Total expenses were Rs 17,492.70m versus Rs 17,086.35m; employee benefits expense was Rs 3,149.16m versus Rs 4,307.91m.

• Reported loss before tax and loss for the year were both Rs 744.49m, compared with Rs 5,951.81m in FY24; FY24 exceptional items were a Rs 2,443.79m loss.

• Share-based payment expense was Rs 912.77m versus Rs 1,926.46m; depreciation and amortisation expense was Rs 352.20m versus Rs 759.78m.

Segment performance

• Core Business revenue was Rs 13,059.27m versus Rs 10,846.58m; segment results were Rs 1,569.33m versus Rs 721.73m.

• Emerging Business revenue was Rs 3,260.85m versus Rs 2,313.18m; segment loss narrowed to Rs 1,499.05m from Rs 2,001.29m.

• Core Business covers domestic shipping and shipping apps; Emerging Business includes cross-border, checkout, marketing, hyperlocal delivery and capital solutions.

• Segment disclosures were realigned to revised business verticals; FY24 segment information was restated on the same basis.