Unicommerce eSolutions (UNIECOM) Q3 25/26 earnings summary

Executive summary

• Achieved strong revenue and profit growth in Q3 FY26, with consolidated revenue at INR 56.4 crore (Rs. 563.94 million), up 72.2% year-on-year, and adjusted EBITDA at INR 13.4 crore, up 51% year-on-year.

• Growth driven by enterprise client additions, expansion initiatives in Uniware, scaling of Shipway, and integration of AI-driven features such as Catalyst AI Voice Agent, UniBot AI Assistant, and ShipSense AI Courier Allocation.

• Revenue from top ten clients reduced to 12% in Q3 FY26, down from 27% in FY24, reflecting diversification.

• Shipway achieved an annualized revenue run rate of INR 100 crore, with full-quarter consolidation impacting business mix.

• Consolidated and standalone financial results audited and compliant with Indian Accounting Standards and SEBI regulations.

Financial highlights

• Q3 FY26 consolidated revenue: INR 56.4 crore (Rs. 563.94 million), up 72.2% year-on-year; nine months FY26 revenue: INR 152.7 crore (Rs. 1,527.10 million), up 70.6% year-on-year.

• Adjusted EBITDA: INR 13.4 crore in Q3 FY26, up 51% year-on-year; INR 34.3 crore for nine months, up 75.8%.

• PAT for Q3 FY26: INR 7.4 crore (Rs. 73.86 million), up 17.4% year-on-year; nine months PAT: INR 17.1 crore (Rs. 170.57 million), up 19.5% year-on-year.

• EPS increased 12.5% year-on-year to 0.63 in Q3 FY26; consolidated basic EPS for the quarter was Rs. 0.63, and for nine months was Rs. 1.51.

• Operating cash flows remain strong due to asset-light SaaS model.

Outlook and guidance

• Double-digit revenue growth expected from Q4 FY26 onwards for Uniware, with Shipway anticipated to scale rapidly due to a large, under-penetrated market.

• Continued investment in AI, sales, marketing, and brand building, especially for Shipway and ConvertWay.

• Focus on scaling revenues, cross-sell, and disciplined capital allocation.

• Ongoing integration of new technology and modules, including payment reconciliation.