Unicommerce Reports Robust Q2 & H1 FY26 Results with 75.3% YoY Revenue Growth in Q2
Unicommerce reported robust Q2 & H1 FY26 results with Q2 revenue up 75.3% YoY to ₹51.4 Cr and Adjusted EBITDA up 85.1% to ₹11.4 Cr. ARR crossed ₹200 Cr, and Uniware client base exceeded 1,000.
The announcement of robust financial results, including high revenue and EBITDA growth, crossing key annualized run-rate milestones, and strategic product launches, demonstrates strong business momentum. This positive performance is likely to significantly impact investor confidence and the company's stock valuation.
The company reported significant year-on-year growth in revenue, Adjusted EBITDA, and PAT for both the quarter and half year. Key metrics like Annual Recurring Revenue and Adjusted EBITDA run-rate also showed substantial increases, indicating strong operational and financial performance.
Unicommerce eSolutions Limited announced its audited financial results for the quarter and half year ended 30th September 2025, showcasing strong performance. * Key Consolidated Financial Highlights for Q2 FY26: * Revenue grew by 75.3% year-on-year (YoY) to ₹51.4 Cr, compared to ₹29.3 Cr in Q2 FY25. * Adjusted EBITDA rose 85.1% YoY to ₹11.4 Cr, up from ₹6.2 Cr in Q2 FY25. * Adjusted EBITDA Margin increased by ~118 bps YoY to 22.2%, up from 21.0% in Q2 FY25. * PAT increased by 29.2% YoY to ₹5.8 Cr, up from ₹4.5 Cr in Q2 FY25. Excluding non-cash amortization expenses from the Shipway acquisition, PAT stood at ₹6.6 Cr, up 46.5% from Q2 FY25. * Key Consolidated Financial Highlights for H1 FY26: * Revenue grew 69.6% YoY, reaching ₹96.3 Cr, compared to ₹56.8 Cr in H1 FY25. * Adjusted EBITDA increased by 96.4% YoY to ₹20.9 Cr, up from ₹10.6 Cr in H1 FY25. * Adjusted EBITDA margin increased by ~296 bps YoY to 21.7%, up from 18.7% in H1 FY25. * PAT increased by 21.1% YoY to ₹9.7 Cr, up from ₹8.0 Cr in H1 FY25. Excluding non-cash amortization expenses from the Shipway acquisition, PAT stood at ₹12.9 Cr, up 61.9% from H1 FY25. * Business Updates: * Annual Recurring Revenue (ARR) stood at ₹205.5 Cr, reflecting 75.3% YoY growth. * Annualized revenue run-rate crossed over ₹200 Cr, and Adjusted EBITDA run-rate exceeded ₹45 Cr. * Shipway's annualized revenue run-rate was up 26% quarter-on-quarter (QoQ) to ₹86.9 Cr in Q2 FY26. * Uniware's enterprise clients exceeded 1,000, with an annual transaction run-rate crossing 1.1 billion order items. * The company launched UniCapture, a Video Management System (VMS) capability within Uniware, to strengthen dispute resolution and improve transparency. * Management Commentary: * Mr. Kapil Makhija, Managing Director & CEO, noted the strong momentum in Q2 with focused execution across revenue growth and profitability, achieving over ₹200 Cr annualized revenue run-rate and ₹45 Cr Adjusted EBITDA run-rate. He highlighted Shipway's continued growth and new product innovations like ShipSense AI and Convertway enhancements. * Mr. Anurag Mittal, CFO, expressed satisfaction with consistent growth and improved profitability, supported by Uniware's scale and Shipway's momentum. He also mentioned that Cash Flow from Operations grew 84.2% to ₹29.7 Cr in H1 FY26, and Cash and Bank Balance increased 79.5% to ₹63.4 Cr by September 2025. The company's focus remains on financial discipline and sustainable expansion.
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