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The Economic Times
The Economic Times
Business
Veer Sharma

Shiprocket shares gain 3% as Q1 net loss narrows to Rs 14 crore in first earnings post IPO; revenue up 34% YoY

Shares of Shiprocket rose 3% to Rs 140 on the BSE on Tuesday after the logistics company reported its first earnings since listing on the stock exchanges. The company posted a consolidated net loss of Rs 13.7 crore for Q1FY27, narrowing from a loss of Rs 18 crore in the year-ago quarter. Revenue from operations increased 33.8% year-on-year to Rs 592.1 crore from Rs 442.5 crore in Q1FY26.

EBITDA loss also narrowed to Rs 21 crore from Rs 26 crore a year earlier. On an adjusted basis, Shiprocket reported positive EBITDA of Rs 8.9 crore, compared with Rs 1 crore in Q1FY26. The company said it remained adjusted EBITDA positive throughout the quarter.

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