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Shiprocket swings to profit in Q2 FY27; revenue rises 35% to Rs 674 Cr

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Shiprocket swings to profit in Q2 FY27; revenue rises 35% to Rs 674 Cr

New Delhi-based logistics and e-commerce enablement firm Shiprocket turned profitable in Q2 FY27, reporting a net profit of Rs 60 lakh against a net loss of Rs 20.30 crore in the corresponding quarter last year. Its operating revenue grew 34.8% year-on-year during the quarter.

The company's revenue from operations rose to Rs 674 crore in Q2 FY27 from Rs 500 crore in Q2 FY26, according to its consolidated financial statements sourced from the NSE.

Shiprocket also earned Rs 20 crore in other income, taking its total income to Rs 694 crore during the quarter.

The company's core business segment continued to contribute the largest share of revenue, growing 25.3% year-on-year to Rs 461.5 crore in Q2 FY27. Meanwhile, its emerging business segment, which includes cross-border shipping, omnichannel fulfilment, hyperlocal delivery and e-commerce enablement solutions such as checkout and marketing technology, surged 60.6% to Rs 212 crore from Rs 132 crore in Q2 FY26.

On the cost side, the cost of materials consumed remained the largest expense, rising 29.8% to Rs 479 crore in Q2 FY27 from Rs 369 crore in the year-ago quarter. Employee benefit expenses increased 8.3% to Rs 104 crore from Rs 96 crore during the same period.

Depreciation expenses rose 47% to Rs 11.76 crore from Rs 8 crore, while other expenses increased 58.1% to Rs 98 crore from Rs 62 crore. Overall, Shiprocket's total expenses grew 29.5% to Rs 693 crore in Q2 FY27 from Rs 535 crore in Q2 FY26.

3% to Rs 1,266 crore from Rs 943 crore in H1 FY26.


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