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.
Filed 07 Sep 2026, 17:38 IST · after market close · SHIPROCKET (SHIPROCKET)
Key takeaways
- Shiprocket’s consolidated Q1FY27 operating loss was Rs 10.87 cr because expenses of Rs 602.96 cr exceeded revenue of Rs 592.09 cr.
- Interest and depreciation of Rs 6.43 cr and Rs 10.09 cr, respectively, left the company with a pre-tax loss of Rs 13.71 cr despite Rs 13.68 cr of other income.
- Management said Shiprocket served 73 million end consumers in Q1FY27, including 43 million repeat consumers.
Operating costs kept Shiprocket in the red
Shiprocket reported a consolidated operating loss of Rs 10.87 cr in Q1FY27, as expenses of Rs 602.96 cr ran above revenue of Rs 592.09 cr. Management said the platform served 73 million end consumers during the quarter, including 43 million repeat consumers, showing scale alongside the operating loss.
Other income did not offset below-operating charges
Other income of Rs 13.68 cr was not enough to absorb the operating loss and charges for interest and depreciation. Interest of Rs 6.43 cr and depreciation of Rs 10.09 cr brought the pre-tax loss to Rs 13.71 cr. The zero tax rate did not change the reported loss.
Emerging Business added 12,091 merchants
Management said the Emerging Business added 12,091 new merchants in Q1FY27. That merchant addition and the 43 million repeat-consumer base are the key operating indicators disclosed alongside the quarter’s financial loss.
Results were filed after market close
The results were filed after market close, so there is no market reaction to assess yet. With no sequential, year-on-year or sector comparison provided, the clearest read this quarter is the gap between revenue and expenses and the resulting -1.84% operating margin.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| 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 management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- The company served 73 million end consumers in Q1 FY2027, including 43 million repeat consumers.
- The company added 12,091 new merchants through its Emerging Business in Q1 FY2027.
What to watch
- Whether expenses move below revenue, currently Rs 602.96 cr versus Rs 592.09 cr.
- Whether operating margin improves from -1.84%.
- New merchant additions in Emerging Business against the Q1 count of 12,091.