Unicommerce Esolutions Q1 results: PAT jumps 31% YoY to Rs 3.5 crore, revenue up 9%
Unicommerce Esolutions reported a net profit of Rs 3.5 crore for the quarter ended June 30, 2024, which was up by 31% from Rs 2.7 crore reported by the company in the year ago period.
The revenue from operations stood at Rs 27.5 crore, which was higher by 9% over Rs 25 crore posted in the corresponding quarter of the previous financial year.
This is the company's first quarterly earnings after it was listed on the bourses on August 13.
On the sequential basis, profit after tax (PAT) jumped by 22% versus 2.9 crore reported in Q4FY24. Meanwhile, revenue stood at Rs 26.53 crore which was a 3.5% uptick over the January-March quarter.
Company's gross margins in the reported quarter stood at 78.5% which was up from 77.4% in the year ago period. It was a 110 bps gain on the YoY basis.
Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 4.2 crore which was a 60% YoY jump while a 15.4% gain on the quarter-on-quarter basis.
EBITDA margin in the said quarter was reported at 15.3% which was 484 bps higher over 10.4% reported in the year ago period. On a QoQ basis, it was higher by 157 bps versus 13.7% in Q4FY24.
Total enterprise clients in the April-June quarter stood at 855 versus 661 in the year ago period. It is a growth of 29.3% on the YoY basis.
«India’s eCommerce is poised for continued growth, with increasing digital adoption and evolving consumer preferences towards online shopping being strong growth drivers. While the eCommerce industry’s long-term growth story is robust, we are
