The SaaS company’s profit grew 21% YoY to INR 4.47 Cr in Q2 FY25 from INR 3.69 Cr in the year-ago quarter
Its revenue from contract with customers increased almost 13% to INR 29.30 Cr during the quarter under review from INR 25.93 Cr in Q2 FY24
Unicommerce’s total expenses also increased 7.3% YoY to INR 24.58 Cr in the quarter
SaaS company Unicommerce’s profit after tax (PAT) grew 21% year-on-year (YoY) to INR 4.47 Cr in the second quarter of the ongoing financial year 2024-25 (Q2 FY25) from INR 3.69 Cr in the year-ago quarter.
On a quarter-on-quarter (QoQ) basis, profit rose 27% from INR 3.51 Cr.
Revenue from contract with customers increased almost 13% to INR 29.30 Cr during the quarter under review from INR 25.93 Cr in Q2 FY24. On a sequential basis, it increased 6.7% from INR 27.46 Cr.
Including other income, Unicommerce’s total income stood at INR 30.59 Cr. This was an increase of 10% from INR 27.78 Cr in the year-ago period.
Its adjusted EBITDA surged 33.5% to INR 6.17 Cr during the September quarter from INR 4.62 Cr in the same quarter previous year. Meanwhile, its adjusted EBITDA margin expanded 322 basis points to 21% from 17.8% in Q2 FY24.
The company said that it was catering to about 8,800 warehouses and 3,150 omnichannel enabled stores for 3,600 clients across industries at the end of the September quarter.
Unicommerce
MD Kapil Makhija said that the company acquired over 100 new enterprise clients like VIP Bags and Landmark Group during the past three months.
“Given the overall macros, our focus is to drive growth from existing clients through cross sell/upsell initiatives, continuing a strong momentum of acquiring new clients and continue our investment in building new products (UniShip and UniReco),” Makhija said.
Unicommerce said that in the past six months, it has initiated the development of new products related to integrated solutions designed to automate the reconciliation of payments and returns, as well as streamline supply chain solutions, order tracking, returns, and exchanges for customers.
Makhija said that two of the company’s new products – UniShip and UniReco – witnessed strong traction during the quarter. He added that these products are currently in the “build” phase.
While UniShip helps enterprises in logistics and shipping tracking, returns, and exchange management, UniReco helps in the management of payment reconciliation and returns across various marketplaces.
CFO Anurag Mittal said that the new products will drive Unicommerce’s future growth and profitability.
“Furthermore, sustained investments in existing products, the introduction of new products and the operational efficiencies provided by our scalable model positions us well for the future growth and profitability,” he added.
Where Did Unicommerce Spend?
Total expenses rose 7.3% to INR 24.58 Cr from INR 22.90 Cr in Q2 FY24. The increase was 1.2% from INR 24.28 Cr in the preceding June quarter.
Employee Benefit Expenses: At INR 16.09 Cr, this was the biggest expense for Unicommerce during the quarter. However, the employee costs were lower than INR 17.09 Cr in the same quarter previous year and INR 16.54 Cr in Q1 FY25.
As part of the development of its new products, the company said that it “utilised its employees for technology development and, accordingly, capitalised employee benefit expenses amounting to INR 4.51 Cr under “Intangible Assets Under Development.”
Server Hosting Expenses: The spending under the head jumped 20% to INR 1.30 Cr from INR 1.08 Cr in Q2 FY24.
Other Expenses: Unicommerce’s other expenses shot up 48% to INR 6.19 Cr from INR 4.16 Cr spent in Q2 FY24.
Shares of Unicommerce ended today’s trading session 1.48% higher/lower at INR 198.30 on the BSE.
