Unicommerce profits grew 22% in Q1 FY25

Unicommerce, the e-commerce SaaS platform, has announced its results for the first quarter of the ongoing fiscal year. The Gurugram-based company saw a 3% increase in revenue and 22% increase in profit in the first quarter of the ongoing fiscal year as compared to Q1 FY24.

Unicommerce's revenue from operations increased to Rs 27.4 crore in Q1 FY25, from Rs 26.5 crore in Q4 FY24, its audited financial statements sourced from National Stock Exchange (NSE) shows.

For background, its operating revenue increased by 15% to Rs 103 crore in the last fiscal year (FY24) from Rs 90 crore in FY23.

Unicommerce offers integrated e-commerce enablement SaaS solutions including inventory, return, and omnichannel management. Besides India, Unicommerce operates in Indonesia, Philippines, Singapore, Malaysia, UAE & Saudi Arabia among others.

Unicommerce spending on employee benefits, server hosting, finance, legal, and other overheads took the firm’s overall cost to Rs 24.2 crore in Q1 FY25 from Rs 23.9 crore in Q4 FY24.

The modest increase in controlled expenditure helped Unicommerce to grow its profits by 22% to Rs 3.5 crore in Q1 FY25 from Rs 2.87 crore in Q4 FY24. On a unit level, it spent Rs 0.88 to earn a rupee in Q1 FY25.

The Gurugram-based firm had launched an IPO of Rs 276 crore, open to the public from August 2 to August 6, with a price band of Rs 102-108 per share. Unicommerce's popularity was evident in its oversubscription rate, which soared over 168 times. The firm is currently trading at Rs 221.97 (as of the end of August 30) with a market capitalization of Rs 2,273 crore (approximately $274 million).