Mumbai, Sept. 8 -- Revenue from operations declined 33.81% YoY to Rs 592.08 crore in Q1 FY27. The company reported a pre-tax loss of Rs 13.71 crore in Q1 FY27, compared with Rs 18.03 crore posted in Q1 FY26.

Adjusted EBITDA surged 790% year on year (YoY) to Rs 8.90 crore in Q1 FY27, while the adjusted EBITDA margin improved to 1.5% in Q1 FY27 from 0.2% in Q1 FY26.

The company's core business revenue grew 22% YoY to Rs 411.7 crore. Revenue from emerging business (Checkout and marketing solutions, Cross-border and Omnichannel solutions) grew 70% YoY to Rs 180.4 crore. Emerging Business grew 3.2 times faster than Core Business and accounted 30% of revenue in Q1 FY27, up from 24% a year ago.

Saahil Goel, managing director and CEO of Shipro...