Shiprocket shares rallied 6% as the company reported a narrowing quarterly loss and positive adjusted EBITDA. Meanwhile, Behari Lal Engineering shares declined over 2% amid profit-taking, despite posting an 18% revenue growth in its first post-IPO financial update.
On September 8, 2026, shares of Shiprocket and Behari Lal Engineering moved in opposite directions following their first post-IPO quarterly results. Shiprocket saw a positive response from investors, with its stock rising approximately 6% during the trading session, while Behari Lal Engineering faced selling pressure, with its shares slipping more than 2%.
Shiprocket Reports Operational Improvements
Shiprocket showcased stronger operational performance in its results for the first quarter of fiscal year 2027. The logistics and e-commerce platform reported a revenue of ₹592.1 crore, representing a 34% increase compared to the same period last year. A key highlight for investors was the company's ability to narrow its net loss by 24%, bringing it down to ₹13.7 crore. Additionally, the company's adjusted EBITDA turned positive at ₹8.9 crore, a significant improvement from the ₹1 crore recorded in the previous year. The management noted that the core business generated an adjusted EBITDA of ₹52.7 crore, signaling that the primary logistics operations are becoming more efficient.
However, investors should note that Shiprocket remains in an investment phase. While the core business is showing profitability, the company is still reporting overall net losses as it continues to fund expansion in new, high-growth segments. Tracking whether these emerging business lines can achieve similar profitability in the coming quarters will be an important monitorable for shareholders.
Behari Lal Engineering Faces Profit-Taking
Behari Lal Engineering, which debuted on the public markets last month, faced a stock price correction despite posting solid growth numbers. The Punjab-based steel manufacturer reported a consolidated profit of ₹19.2 crore, up 24.5% year-on-year, alongside an 18% rise in revenue to ₹151.7 crore. Despite these financials, the stock failed to maintain its momentum as investors opted for profit-taking following its strong listing performance. The company is currently valued at approximately ₹1,974 crore.
From a risk perspective, investors may monitor the company’s revenue concentration. A significant portion of its business is derived from its top 10 customers, and notably, it operates without long-term contracts with these clients. This creates potential vulnerability if demand from these key customers slows or if relationships are disrupted. Furthermore, the broader market environment remained difficult, with the Nifty and Sensex indices trading 0.5% lower on the day, which likely added to the selling pressure on recently listed stocks like Behari Lal Engineering.