Shiprocket Trims Q1 Loss By 24% YoY To ₹13.7 Cr, Revenue Surges 34%

Recently listed logistics company Shiprocket managed to cut its net loss for the June quarter (Q1 FY27) by 24% to ₹13.7 Cr from ₹18 Cr. The company managed to cut its loss by 16% from ₹16.3 Cr loss incurred in the previous quarter. 

Operating revenue zoomed 34% YoY and 7% QoQ to ₹592.1 Cr. Including other income of ₹13.7 Cr, total income for the quarter stood at ₹605.8 Cr. Meanwhile, total expenses jumped 31% YoY to ₹619.5 Cr.  

Shiprocket said that its adjusted EBITDA for the quarter under review scaled to ₹8.9 Cr from ₹1 Cr in the year-ago quarter, driven by solid uptick for its cash-generative core business and emerging businesses.

(The story will be updated soon)

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