Small-cap Indian Software stock is in focus after it jumped up to 13% upon announcing its Q3FY25 results, with robust growth in its YoY Revenue and Net profit.
Share Price Movement
With a market capitalization of ₹1,625 Cr, the stock of Unicommerce eSolutions opened at 154, up 7% from yesterday’s close, and after opening, it made an intraday high of 164, up 13% and later closed 10% up at 158.
Q3FY25 Results
The company reported a 15% YoY increase in revenue from ₹26 Cr in Q3FY24 to ₹33 Cr in Q3FY25. On a QoQ basis, the company reported an increase of 9% in revenue from 29 Cr in the previous quarter.
Their Net profit saw an upside with a 63% YoY increase from ₹3.87 Cr to ₹6.29 Cr for the same period. On a QoQ basis, the company reported an increase of 40% in revenue from 4.47 Cr in the previous quarter.
EBITDA Margin stood at 25.4% for Q3FY25 compared to 17.5% Q3FY24, and PAT Margin stood at 19.2% compared to 14.9% for the same period.
Operational Highlights
With the acquisition of Shipway Technology, Unicommerce has enhanced its offering, now provides SaaS solutions across the full-stack eCommerce enablement, and also provides an extensive suite of products to simplify eCommerce for brands and sellers.
The company has 7000+ clients, and the market segment for the eCommerce market is growing at a CAGR of 23% for eCommerce Shipments at 31% CAGR. TAM (Total addressable market) for the company now stands at $1,150+ Mn.
The company states that the growth drivers for them are its strong network with scalable technology and feature-rich product portfolio & integrations. The warehouse vertical of the company managed over 4.9 Mn+ transactions with 6 + warehouses Managed, the company achieved a 58% drop in SLA breach rate, a 72% drop in customer return rate, 7x growth in Catalog Count, and 3x growth in order Items.
The courier vertical of the company managed over 1 Mn+ orders with 29000+ pin codes served and has a 42% drop in courier return rate, 70%+ drop in customer tickets, 10% drop in logistics costs, and 63% increase in order volume.
The marketing automation vertical of the company sent over 4.9 Mn+ notifications with 1Mn+ monthly website visitors and a growth impact of INR 5.6 Mn+ and 15% subscriber growth.
About the Company
Incorporated in 2012, Unicommerce is India’s largest e-commerce enablement SaaS platform in transaction processing in terms of revenue for the financial year ended March 31, 2022, that enables end-to-end management of e-commerce operations for brands, sellers, and logistics service provider firms.
Their comprehensive suite of SaaS products acts as the nerve center for e-commerce fulfillment operations for businesses and allows them to manage inventory across multiple locations, minimize fulfillment costs, process orders for multiple online and offline channels, manage returns, generate correct invoices, reconcile order payments, shipment tracking for customers, taxation and other regulatory compliances.
Written By Abhishek Das
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