Q1FY27 · Consolidated

Shiprocket posts Rs 10.87 cr operating loss in Q1FY27

Expenses exceeded revenue, while other income only partly offset interest and depreciation before the company reported a Rs 13.71 cr pre-tax loss.

By Ashutosh

Filed 07 Sep 2026, 17:38 IST · after market close · SHIPROCKET (SHIPROCKET)

Key takeaways

  • Shiprocket reported a consolidated operating loss of Rs 10.87 cr in Q1FY27 as expenses of Rs 602.96 cr exceeded revenue of Rs 592.09 cr.
  • Other income of Rs 13.68 cr was outweighed by interest and depreciation of Rs 6.43 cr and Rs 10.09 cr, leaving a Rs 13.71 cr pre-tax loss.
  • The consolidated tax rate was 0.0%, so net loss stayed at Rs 13.71 cr and EPS was Rs -0.21.

Expenses pushed Shiprocket into an operating loss

Shiprocket's consolidated expenses exceeded revenue in Q1FY27, resulting in a negative operating margin of -1.84%. The company reported an operating loss of Rs 10.87 cr, showing that the revenue base did not cover operating costs.

Other income could not absorb below-the-line costs

Other income of Rs 13.68 cr partly offset the operating loss, but interest of Rs 6.43 cr and depreciation of Rs 10.09 cr pulled profit before tax down to a Rs 13.71 cr loss. With a 0.0% tax rate, there was no tax offset to reduce the reported loss.

Results were filed after market close

The consolidated results were filed at 17:38 IST on 7 September 2026, after market close. The filing therefore came outside the trading session.

Q1FY27 at a glance

Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.

Line itemQ1FY27
Revenue₹592 cr
Other income₹14 cr
Expenses₹603 cr
Operating profit₹-11 cr
Operating margin (%)-1.84%
Interest₹6 cr
Depreciation₹10 cr
Profit before tax₹-14 cr
Tax₹0 cr
Net profit₹-14 cr
EPS (₹)₹-0.21

What to watch

  • Whether expenses move below the Q1FY27 revenue base of Rs 592.09 cr.
  • Whether operating margin improves from -1.84%.
  • Whether interest and depreciation change from Rs 6.43 cr and Rs 10.09 cr, respectively.