Unicommerce eSolutions (UNIECOM) Q2 26/27 earnings summary

Executive summary

• Audited Q2 and H1 FY27 standalone and consolidated results approved by the board on October 23, 2026.

• Consolidated Q2 revenue was ₹590.78m and net profit ₹63.91m; H1 revenue was ₹1,104.48m and net profit ₹110.66m.

• Revenue grew 15.0% YoY in Q2 and 14.7% in H1, with double-digit growth across Uniware and Shipway; planned H1 investments weighed on adjusted EBITDA.

• Growth priorities included enterprise client acquisition, upsell and cross-sell, and broader product usage through AI-led innovation.

Financial highlights

• Consolidated Q2 revenue was ₹590.78m vs ₹513.82m YoY; net profit was ₹63.91m vs ₹57.81m.

• Consolidated H1 revenue was ₹1,104.48m vs ₹963.16m; net profit was ₹110.66m vs ₹96.71m.

• Q2 adjusted EBITDA was ₹10.0 Cr, down 12.1% YoY; PAT was ₹6.4 Cr, up 10.6%. H1 adjusted EBITDA was ₹18.1 Cr, down 13.2%; PAT was ₹11.1 Cr, up 14.4%.

• Q2 adjusted EBITDA rose 23.9% QoQ and PAT rose 36.7% QoQ; H1 PAT growth was supported by lower amortisation and tax benefits.

• Standalone Q2 revenue was ₹339.40m and net profit ₹81.88m; H1 revenue was ₹652.23m and net profit ₹151.55m.

Outlook and guidance

• From Q4 FY27, expected YoY revenue growth is 15%+ for Uniware and 20%+ for Shipway.

• Moderating incremental investment in H2 FY27 is expected to improve operating leverage and profitability; consolidated profitability is expected to be stronger in H2 than H1.

• Shipway is expected to reach adjusted EBITDA profitability in Q3 FY27 and PAT profitability in Q4 FY27.

• UniReco and UniCapture revenue contribution could exceed 10% of Uniware revenue over the next 2–3 years, versus ~2.5% in Q2 FY27.