Unicommerce eSolutions (UNIECOM) Q2 25/26 earnings summary

Executive summary

• Q2 FY26 consolidated revenue grew 75.3% year-over-year to ₹513.8 million, with annualized revenue run-rate surpassing ₹2.1 billion for the first time, driven by Shipway and Uniware.

• Adjusted EBITDA increased 85.1% year-over-year to ₹114.2 million, with margins stable at 22.2%.

• PAT (excluding Shipway amortisation) rose 46.5% year-over-year in Q2 FY26; consolidated net profit reached ₹57.8 million.

• Enterprise client base crossed 1,000, with 100+ new enterprise acquisitions in Q2 FY26 and annualized transaction run-rate on Uniware exceeding 1.1 billion order items.

• New product launches, including UniCapture, ShipSense AI, and UniReco, enhanced platform capabilities.

Financial highlights

• Q2 FY26 consolidated revenue: ₹513.8 million, up 75.3% year-over-year; H1 FY26 revenue: ₹963.2 million, up 69.6%.

• Adjusted EBITDA: ₹114.2 million in Q2 FY26, up 85.1% year-over-year; margin at 22.2%.

• PAT for Q2 FY26: ₹57.8 million, up 29.2% year-over-year; EPS up to ₹0.51.

• H1 FY26 Adjusted EBITDA: ₹208.9 million, up 96.4% year-over-year.

• Cash and bank balances as of September 30, 2025: ₹633.8 million.

• Net cash flow from operations in H1 FY26: ₹296.7 million, up 84.2% year-over-year.

Outlook and guidance

• Management expects improvement in Q3 results, driven by festive season demand and GST 2.0 rollout.

• Focus remains on disciplined execution, expanding client base, and enhancing platform capabilities for sustainable, profitable growth.

• Price escalation clauses in new contracts expected to support realization per transaction in H2.

• Integration of Shipway Technology and launch of UniReco expected to enhance product offerings and support future growth.