Shiprocket reported a 24% year-on-year decline in net loss to ₹13.7 crore in Q1 FY27, alongside a 34% rise in operating revenue to ₹592.1 crore, according to inc42.com. Adjusted EBITDA surged to ₹8.9 crore from ₹1 crore in the same quarter last year, marking progress toward profitability despite rising expenses.
The logistics startup’s domestic shipping vertical remained the core revenue driver, delivering strong growth in revenue, operating profits, and margins. This segment’s operating leverage and increased monetisation of active merchants strengthened the business’s underlying economics. Meanwhile, Shiprocket’s emerging vertical—which includes checkout, marketing, cross-border, and omnichannel solutions—grew 3.2 times faster than the core segment and contributed 30% of total revenue in Q1, though losses in this area widened due to investment in market adoption.
Shiprocket’s total expenses rose 31% year-on-year to ₹619.5 crore, reflecting the company’s continued investment in expanding beyond parcel delivery. The emerging vertical’s growth and margin improvements indicate a strategic shift to diversify revenue streams, even as the company balances near-term losses with long-term market-building efforts. The results highlight Shiprocket’s efforts to strengthen its position in the competitive logistics and e-commerce ecosystem.
Shiprocket’s Q1 FY27 results mark its first quarterly report since listing, underscoring its trajectory toward profitability. The company’s core shipping business remains cash-generative, providing financial resources to invest in emerging areas that contributed nearly a third of revenue this quarter.