Shiprocket Significantly Reduces Net Loss, Boosts Revenue Ahead of IPO Filing

Startups/VC

Updated on 30 Oct 2025, 10:50 am

Reviewed By

Aditi Singh | Whalesbook News Team

Short Description :

Logistics company Shiprocket has reported a substantial 87.5% decrease in its consolidated net loss for the fiscal year ending March 2025, bringing it down to INR 74.5 crore from INR 595.2 crore in the previous year. This improvement was driven by better margins and a 24% year-on-year revenue growth to INR 1,632 crore. The company also turned cash EBITDA positive. Shiprocket, which is preparing for an Initial Public Offering (IPO), filed its draft red herring prospectus (DRHP) with SEBI in May.

Shiprocket Significantly Reduces Net Loss, Boosts Revenue Ahead of IPO Filing

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Detailed Coverage :

Logistics major Shiprocket has announced a significant improvement in its financial performance for the fiscal year ending March 2025, with its consolidated net loss declining by 87.5% to INR 74.5 crore, a sharp drop from INR 595.2 crore in FY24. This achievement is attributed to enhanced margins and a robust 24% increase in revenue, which grew to INR 1,632 crore from INR 1,316 crore in the previous fiscal year.

The company's core logistics and technology business contributed INR 1,306 crore to the revenue, while emerging segments like cross-border shipping, marketing, payments, and omnichannel offerings added INR 326 crore. Including other income, Shiprocket's total income rose to INR 1,675 crore.

Notably, Shiprocket achieved cash EBITDA positivity in FY25, reporting INR 7 crore compared to a negative INR 128 crore in FY24. If not for employee stock option (ESOP) expenses amounting to INR 91 crore, the company would have reported a net profit.

Impact: This positive financial trajectory significantly bolsters Shiprocket's position as it prepares for its Initial Public Offering (IPO). A reduced loss and improved operational efficiency make the company more attractive to potential investors, signalling strong potential for growth and profitability. The successful filing of its DRHP in May, aiming to raise INR 2,000-2,500 crore, indicates a strong market confidence.

Difficult Terms: ESOP Expenses: Employee Stock Option Plan expenses are costs related to providing employees with the option to buy company shares at a predetermined price. When these options are exercised or expensed over time, they appear as a cost. Cash EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization, adjusted for cash flow. It's a measure of a company's operating performance that excludes non-cash expenses (like depreciation and amortization) and is adjusted to reflect actual cash generated from operations. A positive cash EBITDA indicates that the core business operations are generating more cash than they are consuming.