Rs 4.67 cr profit includes tax credit as Unicommerce invests for growth
Management linked the 10.65% operating margin to planned investments and expects profitability to improve in H2 FY27.
Filed 13 Aug 2026, 19:12 IST · after market close · UNIECOM (UNIECOM)
Key takeaways
- Consolidated net profit was Rs 4.67 cr, above pre-tax profit of Rs 4.56 cr because the reported tax rate was -2.43%.
- Operating margin was 10.65%, with management attributing the margin pressure to planned investments in AI, talent, capabilities, sales and marketing.
- Uniware onboarded 115 enterprise customers in Q1 FY27, up 30.70% YoY, including Amul, Haldiram’s and Mahindra Logistics.
Reported profit was helped by tax and other income
Unicommerce reported consolidated revenue of Rs 51.37 cr and operating profit of Rs 5.47 cr in Q1 FY27. Reported profit quality was affected by Rs 1.42 cr of other income and a tax credit reflected in the -2.43% tax rate, which lifted net profit to Rs 4.67 cr. The results were filed after market close on 13 August.
Planned investments explain the margin profile
Management said the margin impact came from planned growth investments in AI, talent, capabilities, sales and marketing, rather than a change in the underlying economics of the business. The company also said cost efficiency and operating leverage remain ongoing priorities for FY27. Operating margin was 10.65% in the quarter.
Uniware additions broaden the enterprise base
The company said Uniware added 115 enterprise customers in Q1 FY27, up 30.70% YoY, with additions including Amul, Haldiram’s, STUDDS, Pigeon, Mahindra Logistics and The Sleep Company. Management also said clients are adopting Quick Commerce, B2B, UniReco and UniCapture, while Shipway still has low market share and room to expand.
Management points to H2 visibility and new initiatives
Management said it expects Shipway to exit FY27 with Q4 growth above 20% YoY and expects profitability to improve in H2 FY27 as revenue contribution and operating leverage build. The company said it is testing next-generation AI capabilities with selected clients and partner-led offerings in adjacent categories. It also said it plans to expand enterprise sales and solutioning capacity and selectively pursue inorganic opportunities with strategic fit and meaningful AI relevance.
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 | ₹51 cr |
| Other income | ₹1 cr |
| Expenses | ₹46 cr |
| Operating profit | ₹5 cr |
| Operating margin (%) | 10.65% |
| Interest | ₹0 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹5 cr |
| Tax | ₹-0 cr |
| Net profit | ₹5 cr |
| EPS (₹) | ₹0.49 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Uniware onboarded 115 enterprise customers in Q1 FY27, up 30.7% year on year.
- The company added clients including Amul, Haldiram’s, STUDDS, Pigeon, Mahindra Logistics and The Sleep Company.
Guidance & outlook
- The company expects Shipway to exit FY27 with Q4 growth above 20% year on year.
- The company expects profitability to improve in H2 FY27 compared with H1 as revenue contribution and operating leverage increase.
- The company expects the benefits of its H1 investments to become progressively visible through growth, operating leverage and improving profitability in H2 FY27.
Expansion
- The company plans to pursue selective inorganic opportunities in adjacent businesses with strategic fit and meaningful AI relevance.
- The company plans to expand enterprise sales capacity and increase solutioning and implementation capacity for higher volumes.
New products
- Clients are increasingly adopting the company’s Quick Commerce, B2B, UniReco and UniCapture products and modules.
New initiatives
- The company is testing next-generation AI capabilities with a select group of clients.
- The company is testing partner-led offerings in adjacent categories to extend its value proposition and create additional revenue streams.
- Cost efficiency and operating leverage remain continuous priorities for FY27.
Competition
- Shipway currently has low market share and substantial headroom for growth in a large market.
Problems & risks
- Adjusted EBITDA margin declined because of planned growth investments in AI, talent, capabilities, sales and marketing.
What to watch
- Whether consolidated operating margin holds above 10.65%.
- Whether Shipway reaches the company’s stated Q4 FY27 growth level of above 20% YoY.
- Whether quarterly enterprise customer additions build on the 115 Uniware customers onboarded in Q1 FY27.