Shiprocket Limited Reports Q2 FY2026-27 Financial Results; Turns Net Profitable at Consolidated Level

Shiprocket Limited (NSE: SHIPROCKET, BSE: 544871) has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Following its public listing on August 19, 2026, the company posted a consolidated net profit for the quarter, driven by operational expansion in its core business segment.

---

Key Financial Highlights

Consolidated Performance

(All figures in Rs. Millions unless stated otherwise)

• Revenue from Operations: Stood at Rs. 6,736.47 millions for the quarter ended September 30, 2026, marking an increase from Rs. 5,970.87 millions in the preceding quarter ended June 30, 2026, and Rs. 5,001.77 millions in the corresponding quarter ended September 30, 2025. For the six months ended September 30, 2026, revenue totaled Rs. 12,657.34 millions compared to Rs. 9,456.74 millions for the six months ended September 30, 2025.
• Total Income: Recorded at Rs. 6,935.08 millions for Q2, up from Rs. 6,107.62 millions in Q1. Six-month total income reached Rs. 12,992.70 millions.
• Profitability: Consolidated profit before tax and profit for the quarter came in at Rs. 5.95 millions, turning positive compared to a loss of Rs. (137.14) millions in the previous quarter and a loss of Rs. (202.90) millions in Q2 of the prior year. For the six months ended September 30, 2026, net loss contracted significantly to Rs. (131.19) millions compared to Rs. (383.23) millions in the corresponding period of the previous year.
• Total Comprehensive Income: Registered at Rs. 12.87 millions for the quarter, versus a comprehensive loss of Rs. (158.99) millions in Q1.
• Earnings Per Share (EPS): Basic and diluted EPS stood at Rs. 0.01 for the quarter (not annualised), up from Rs. (0.21) in the previous quarter.

Standalone Performance

• Revenue from Operations: Reached Rs. 6,587.45 millions for Q2, compared to Rs. 5,807.22 millions in Q1 and Rs. 4,846.13 millions in Q2 of the previous year.
• Profit for the Period: Reached Rs. 193.33 millions for the quarter and Rs. 394.97 millions for the six-month period ended September 30, 2026, compared to a net loss of Rs. (170.31) millions in the six months ended September 30, 2025.
• Earnings Per Share (EPS): Basic and diluted EPS for the quarter was Rs. 0.28 (not annualised).

---

Segment Performance (Consolidated)

The company’s operations are evaluated under two reportable operating segments:

1. Core Business Segment

• Quarterly Revenue: Rs. 4,614.60 millions (vs. Rs. 4,117.37 millions in Q1).
• Quarterly Segment Result: Profit of Rs. 591.14 millions (vs. Rs. 526.87 millions in Q1).
• Six Months ended Sept 30, 2026: Revenue of Rs. 8,731.97 millions and segment profit of Rs. 1,119.01 millions.

2. Emerging Business Segment

• Quarterly Revenue: Rs. 2,121.87 millions (vs. Rs. 1,803.50 millions in Q1).
• Quarterly Segment Result: Loss of Rs. (449.08) millions (vs. loss of Rs. (437.49) millions in Q1).
• Six Months ended Sept 30, 2026: Revenue of Rs. 3,925.37 millions and segment loss of Rs. (886.57) millions.

---

IPO Proceeds and Utilization Status

During the quarter, Shiprocket completed its Initial Public Offering (IPO) of 166,761,566 equity shares of face value Rs. 10 each (91,299,203 fresh issue shares and 75,462,363 offer for sale shares), aggregating to Rs. 16,174.85 millions.

Gross proceeds from the fresh issue were Rs. 8,855.00 millions, and net proceeds (after offer expenses of Rs. 605.05 millions) stood at Rs. 8,249.95 millions.

The progress of net proceeds utilization as of September 30, 2026:

• Borrowing Repayment / Prepayment: Fully utilized budgeted amount of Rs. 2,100.00 millions.
• Platform Growth (Marketing & Tech Infrastructure): Budgeted at Rs. 3,656.00 millions (Rs. 2,058.00 millions for marketing; Rs. 1,598.00 millions for tech infrastructure); Rs. Nil utilized; Rs. 3,656.00 millions unutilized.
• Inorganic Growth & General Corporate Purposes: Rs. 606.43 millions utilized out of Rs. 2,493.95 millions; Rs. 1,887.52 millions unutilized.
• Total Proceeds: Rs. 2,706.43 millions utilized; Rs. 5,543.52 millions unutilized.

---

Governance & Leadership Changes

• Resignation of Company Secretary & Compliance Officer: The Board took note of the resignation tendered by Mr. Nikhil Kumar, effective at the close of business hours on November 05, 2026.
• Appointment of New Compliance Officer: The Board approved the appointment of Mr. Anil Kumar as Company Secretary and Compliance Officer (Key Managerial Personnel) with effect from November 06, 2026.

---

Regulatory and Security Disclosures

• Information Security Incident: On September 16, 2026, the company received an unsolicited email claiming unauthorized access to systems and possession of certain company-specific information. The incident was escalated to the Information Security team, reported promptly to CERT-In, and a formal complaint was filed with law enforcement. External forensic and cybersecurity specialists were engaged. Internal reviews indicated that no payment card or bank account information was compromised, and assessments showed no impact on core systems, operations, or the financial results.