• Quarterly financial performance: Revenue increased by 34% year-on-year, contribution margin grew 43%, and adjusted EBITDA reached ₹8.9 crore. The core business expanded revenue by 22%, while emerging businesses grew 70% and contributed 30% of total revenue.
• Operating leverage trajectory: Management indicated that fixed overhead costs from its 1,500-member technology team allow profitability to outpace revenue growth. Adjusted EBITDA margins in the core segment improved to 12.8%, while losses in the emerging segment narrowed from negative 38% to negative 24%.
• Debt repayment: Following the August 19 IPO, the company utilized proceeds to fully repay all outstanding borrowings, an action that will partially show in Q2 numbers and fully reflect in Q3.
• Growth and tech investments: Shiprocket plans to direct future investments into technology and marketing to digitize more small businesses, having powered approximately 2,20,000 merchants at a trailing twelve-month level.