Unicommerce eSolutions Ltd (BSE: 544227 / NSE: UNIECOM) reported strong revenue and profit growth in the quarter ended December 31, 2025, supported by expansion across its SaaS platforms and consolidation of Shipway Technology, alongside increasing adoption of AI-enabled solutions.
Consolidated revenue for Q3 FY26 rose 72.2% year-on-year to ₹56.4 crore, while adjusted EBITDA increased 51.0% to ₹13.4 crore. Profit after tax (PAT) grew 17.4% year-on-year to ₹7.4 crore.
Business overview
Unicommerce provides SaaS-based ecommerce enablement solutions across inventory management, order processing, warehouse operations, shipping automation and marketing automation. Its core platforms include Uniware (operations automation), Shipway (logistics automation), and Convertway (marketing automation).
According to company disclosures, the Uniware platform processed approximately 25–30% of India’s dropship volumes in FY25. The company serves over 7,500 clients across India, Southeast Asia and the Middle East.
Financial performance — Q3 FY26
Consolidated total income for Q3 FY26 stood at ₹57.6 crore, compared with ₹34.2 crore in Q3 FY25. Profit before tax was ₹9.9 crore versus ₹8.6 crore in the prior-year quarter.
Adjusted EBITDA margin stood at 23.8%, compared with 27.1% a year earlier. The company said the margin change largely reflected full-quarter consolidation of Shipway compared with only 15 days of consolidation in Q3 FY25.
PAT excluding non-cash amortisation related to the Shipway acquisition stood at ₹8.2 crore, reflecting 24.9% year-on-year growth.
Nine-month performance (9M FY26)
For the nine months ended December 31, 2025, consolidated revenue increased 70.6% year-on-year to ₹152.7 crore, while adjusted EBITDA rose 75.8% to ₹34.3 crore.
PAT increased 19.5% to ₹17.1 crore, or ₹21.1 crore excluding amortisation impacts. The company noted that nine-month adjusted EBITDA already exceeded full-year FY25 levels.
Operating performance and platform growth
Uniware reported 8.1% year-on-year revenue growth in Q3 FY26, supported by more than 110 enterprise client additions during the quarter. Shipway and Convertway recorded a 37.8% rise in annualised revenue run-rate to around ₹100 crore, compared with ₹71 crore in Q4 FY25.
The company launched multiple AI features, including Catalyst AI Voice Agent, UniBot AI Assistant, and ShipSense AI, aimed at improving automation, conversion efficiency, and shipment allocation.
Strategic developments
Management highlighted the company’s shift from “AI-enabled” to “AI-first,” embedding AI into operational workflows across its product suite.
During the quarter, the company expanded revenue opportunities through modules such as UniReco (payment reconciliation) and UniCapture (shipment video management), alongside new logistics offerings like Shipway Cargo for B2B shipments.
Profitability and cost structure
Management said improved profitability reflected operating leverage, disciplined cost management and AI-led efficiencies. The annualised adjusted EBITDA run-rate exceeded ₹53 crore during the period.
Risks and constraints
Company disclosures indicate that forward-looking performance remains subject to market conditions, competitive dynamics, technological changes and execution risks related to platform scaling and integration of acquired businesses.
Outlook
Management stated that Uniware is expected to move into double-digit growth from Q4 FY26 onward as revenue expansion initiatives gain traction, while Shipway is positioned for faster scaling due to its large addressable market.