The company reported operating revenue of Rs 29 crore for the quarter, from Rs 26 crore a year ago. Its total income stood at Rs 30 crore.
The company’s total expenses rose to Rs 24 crore in the September quarter from Rs 22 crore in the same period last year. A significant amount of the expenditure was attributed to employee benefits which amounted to Rs 16 crore and other expenses at Rs 6 crore.
Founded in 2012, Unicommerce Esolutions offers technology solutions to manage various operations such as warehouse and inventory management, order management, omnichannel retail management, and seller management for ecommerce platforms.
The company’s clients include new-age consumer brands like omnichannel eyewear retailer Lenskart, homegrown wearable and audio product brand Boat, skincare brand Mamaearth and online fashion retailer Myntra.
In FY24, Unicommerce witnessed a 14.4% increase in operating revenue to Rs 103 crore from Rs 90 crore in FY23. The company reported a consolidated net profit of Rs 13 crore in FY24 compared to Rs 6 crore in the previous fiscal year.
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Unicommerce Esolutions is owned by AceVector Group, previously known as Snapdeal, and has Japanese investor SoftBank as one of its largest investors. Snapdeal co-founders Kunal Bahl and Rohit Bansal’s early-stage investment firm, Titan Capital, is also a shareholder.The ecommerce software company listed on the bourses on August 13 at a hefty premium. It listed on the National Stock Exchange (NSE) at Rs 235 per share, more than double its issue price of Rs 108. It closed on Monday up 1.48% at Rs 198 on the BSE. The results were declared post-market hours.
