Shiprocket Cuts Q1 FY2026-27 Loss As Revenue Rises 34% In First Earnings After Listing

Shiprocket Limited reported a consolidated net loss of ₹13.7 crore for Q1FY27, compared with ₹18 crore in the corresponding quarter a year earlier. Revenue from operations increased 33.8% year on year (YoY) to ₹592.1 crore from ₹442.5 crore in Q1FY26.

The results are the logistics company's first earnings since it listed on the stock exchanges.

Shiprocket also reduced its earnings before interest, tax, depreciation and amortisation (EBITDA) loss to ₹21 crore from ₹26 crore. On an adjusted basis, EBITDA stood at ₹8.9 crore, compared with ₹1 crore in Q1FY26.

The company said adjusted EBITDA remained positive throughout the quarter.

As of 8 September 2026 at 9:27 am, Shiprocket shares were trading at ₹143.50, up 5.95% from the previous close of ₹135.21 on the National Stock Exchange (NSE). The stock opened at ₹139.50 and touched a high of ₹143.80 and a low of ₹136.63 during the early session.

Shiprocket’s Core Business Maintains Profitability

Shiprocket's core business generated adjusted EBITDA of ₹52.7 crore during the quarter, with the margin improving to 12.8% from 12.3% a year earlier.

Core business revenue increased 22% YoY to ₹411.7 crore. The company said its emerging business expanded much faster, with revenue rising 70% to ₹180.4 crore.

This includes checkout and marketing solutions, cross-border services and omnichannel solutions. Checkout and marketing solutions recorded approximately 193% YoY growth during the quarter.

The emerging business accounted for 30% of total revenue in the quarter, up from 24% a year earlier. Its contribution margin rose to 15.3% from 9.3%, while absolute contribution increased to ₹27.7 crore from ₹9.8 crore. Its EBITDA margin also improved to -24% from -38%.

Shiprocket’s Merchant Base And Transaction Volumes

Shiprocket's management noted that offerings such as Ads had a limited presence two years ago but have since emerged among the platform’s faster-growing areas.

The company ended the quarter with 224,314 active merchants. Its trailing 12-month gross merchandise value (GMV) stood at ₹34,661.8 crore. Unique transactions reached 216 million.

Shiprocket Managing Director and Chief Executive Officer (CEO) Saahil Goel said the Q1 performance was consistent with the company's strategy of continuing to invest in opportunities that can unlock the potential of Indian businesses.

Shiprocket Expands Its AI-Powered Technology Suite

Shiprocket also expanded its technology offerings during the quarter. It introduced an upgraded RADAR artificial intelligence (AI)-powered courier intelligence platform that can identify service-level agreement (SLA) breaches and return-to-origin risks at the pincode level before an order is dispatched.

The company launched AI Ads for creating static, editable, short-form and 360-degree creatives. It also introduced AI Assist and AI Calling for order confirmation.

In addition, Shiprocket rolled out appointment-based cargo deliveries to quick-commerce dark stores, with integrations including Blinkit and Zepto.

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