e-commerce enablement SaaS Unicommerce reports Rs 3.5 crore PAT in Q1FY25

Unicommerce, an ecommerce enablement SaaS firm, has announced a significant 31.1% year-on-year (YoY) increase in its net profit for the first quarter of FY25 (Q1FY25). 

The company’s net profit rose to Rs 3.5 crore, compared to Rs 2.7 crore in the same period last year.

Revenue growth amid industry challenges

The company reported a 9.2% YoY increase in total revenue for the quarter, climbing to Rs 27.5 crore from Rs 25 crore in the previous year.

Unicommerce’s total income saw a 10.7% increase, reaching Rs 29 crore, compared to Rs 26.3 crore in the previous year. 

Despite macroeconomic challenges and shifts in consumer spending patterns, Unicommerce has continued to expand its client base, with over 85 new enterprise clients onboarded in Q1 FY25, bringing the total number of clients to 855.

Expense management and EBITDA improvement

Unicommerce managed its expenses efficiently, with a 7% YoY increase in total expenses, which amounted to Rs 24.3 crore in the first quarter, up from Rs 22.67 crore in the previous year.

Notably, the company’s employee benefit expenses saw a 5% YoY decline to Rs 16.5 crore, reflecting a focus on cost control.

The company’s adjusted EBITDA also improved by approximately 23% YoY, reaching Rs 4.5 crore in Q1 FY25, compared to Rs 3.6 crore in Q1 FY24.

Recent IPO launch

The company’s strong financial performance was complemented by its impressive debut on the Indian stock exchanges.

Unicommerce's shares surged nearly 9% on their debut day, opening at Rs 235 per share on the NSE, which was a 117.6% premium over the issue price of Rs 108. On the BSE, the shares opened at Rs 230, a 113% premium. 

The IPO, which was oversubscribed by 168.32 times, generated significant interest from both non-institutional and retail investors.

What does Unicommerce do?

Founded in 2012, Unicommerce provides SaaS solutions designed to streamline e-commerce operations for brands, retailers, marketplaces, and logistics providers.

The company claims to have notable clients like Zivame, Mamaearth, Lenskart, Fabindia, SUGAR Cosmetics, and boAt Lifestyle.

“While the ecommerce industry’s long-term growth story is robust, we are also mindful of the recent slowdown that affected the sector due to macroeconomic challenges and shifts in consumer spending patterns. Despite this, we continue to acquire new clients across industry verticals, which is consistent with the overarching trend of increasing digital adoption by participants in the ecommerce ecosystem," said Unicommerce’s Managing Director, Kapil Makhija.