Startups
Shiprocket swings to a profit in Q2 as revenue rises 35% to ₹674 crore
The logistics-tech firm made about ₹60 lakh in profit against a ₹20.3 crore loss a year ago, and is now debt-free after its IPO.
In short
₹0.6 crQ2 net profit, vs ₹20.3 cr loss a year ago
- Net profit: about ₹0.6 crore
- Revenue: ₹673.6 crore, up 35%
- Debt: zero after IPO proceeds
The quarter
Shiprocket reported a consolidated net profit of about ₹59 lakh for July–September 2026, compared with a loss of ₹20.3 crore in the same quarter last year. In Q1 it had made a loss of ₹13.71 crore.
Revenue grew 35% to ₹673.6 crore, with its core business up 25.3% to ₹461.5 crore. Total expenses rose 29.5% to ₹693 crore.
Balance sheet and caution
Using proceeds from its IPO, Shiprocket repaid all borrowings and ended the half year with zero debt. Reports differ on adjusted EBITDA figures, and one outlet calls the result an early sign of a turnaround rather than proof of lasting profitability.
