Shiprocket Q1 Revenue Jumps 34% as Losses Narrow to ₹13.7 Crore

8 Sept 2026, 8:00 am · 4d ago · 1 min read · Inc42

Logistics tech company Shiprocket reported a 34% year-on-year surge in operating revenue to ₹592.1 crore for the first quarter, while narrowing its net loss by 24% to ₹13.7 crore. The firm's adjusted EBITDA increased significantly to ₹8.9 crore from ₹1 crore in the corresponding quarter last year. Shiprocket’s domestic shipping arm anchored performance as a cash-generative core, while its emerging solutions vertical—spanning omnichannel tools, checkout, and cross-border logistics—grew 3.2 times faster, contributing 30% of total revenue. Total expenses rose 31% to ₹619.5 crore as the company continued investing in emerging offerings.