India, Sept. 8 -- Shiprocket Reins In Losses In Q1

Shiprocket's first quarterly results since listing show a startup inching closer to profitability. In Q1 FY27, the logistics giant's revenue rose, adjusted EBITDA improved and losses narrowed. Yet expenses continued to pinch and climbed almost as fast as income.

Here is a quick look at Shiprocket's Q1 FY27 results:

Net loss declined 24% YoY to Rs.13.7 Cr

Operating revenue jumped 34% YoY to Rs.592.1 Cr

Adjusted EBITDA zoomed to Rs.8.9 Cr from Rs.1 Cr in Q1 FY26

Total expenses also surged 31% YoY to Rs.619.5 Cr

The Core Engine: Shiprocket's domestic shipping vertical remained its anchor in Q1. This core business remained cash-generative and delivered healthy growth in revenue, operat...