Unicommerce Esolutions Q1 net profit up 31% YoY to Rs 3.5 crore, revenue jumps 9%

The software products provider's total income was up nearly 10.7 per cent at Rs 29.02 crore for the quarter under review. The same was reported at Rs 26.2 crore in the year ago period.

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Unicommerce Esolutions on August 30 said its Q1FY25 net profit rose 31 percent on-year to Rs 3.5 crore, from Rs 2.67 crore in the corresponding period previous year.

The E-commerce enablement SaaS platform company's April-June quarter's revenue from operations increased 9.1 percent to Rs 27.46 crore from Rs 25.15 crore a year ago.

The software products provider's total income was up nearly 10.7 percent at Rs 29.02 crore for the quarter under review, from Rs 26.2 crore in the year-ago period. There was a seven percent increase in the total expenses of the company in the June quarter at Rs 24.2 crore from Rs 22.6 crore in year ago period.

This marks the company's first quarterly earnings report since its listing on the stock exchanges on August 13. The software products provider opened its public issue on August 6, targeting to mobilise Rs 276.57 crore via an offer-for-sale. Unicommerce ESolutions made a strong debut on the NSE, with its shares getting listed at Rs 235 apiece, a remarkable premium of 117.6 percent over the IPO price of Rs 108.

Established in February 2012, Unicommerce eSolutions operates a SaaS platform that streamlines e-commerce operations for brands, sellers, and logistics providers. The company's suite of products includes a warehouse and inventory management system, multi-channel order management, omnichannel retail management, and a payment reconciliation system, among other tools.

On August 30, Unicommerce ESolutions' shares settled at Rs 219.28 apiece on the NSE, up Rs 12.96 or 6.28 percent higher than the previous day's close.