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Unicommerce stock hits record low despite profit growth

Shares of the ecommerce-focused SaaS company Unicommerce fell over 4% to an all-time low of 112.55 rupees (US$1,30) on the Bombay Stock Exchange (BSE) on Feb. 24.

This decline was influenced by broader market uncertainties, including concerns over United States tariff policies and domestic economic growth, which affected investor confidence.

As of 12:11 PM, Unicommerce’s stock was trading at 114.35 rupees (US$1,32), reflecting a 2.47% loss during the session.

This drop continued a trend of losses, resulting in a 22% decline for the company’s shares over the past 11 trading days.

Despite the stock’s downturn, Unicommerce reported positive financial results for the third quarter of the current fiscal year (FY25).

The company’s net profit increased 62.1% year-on-year 6.29 crore rupees (US$726.000), up from 3.88 crore rupees (US$448.000) in the same period last year. Sequentially, profits rose by 40.7%.

Recent Unicommerce developments

Timeline
28-Jan-2025 📦 Zomato-backed Shiprocket becomes public ahead of $289m IPO
  • Shiprocket goes public, seeks ₹2,000-2,500 crore IPO
  • Revenues rise 21% YoY, net loss widens to ₹595 crore
20-Nov-2023 📈 In 50 Words: Unicommerce eyes IPO for late 2024, sources say
  • Unicommerce plans IPO in H2 2024
  • Snapdeal hints at the potential move
01-Mar-2023 🚀 India’s Shiprocket, Unicommerce partner to support Middle East sellers
  • Shiprocket partners with Unicommerce for ecommerce.
  • Integration aims to boost Middle East online sales.
16-Dec-2021 🚀 🇮🇳 Roundup: SoftBank to buy up to 30% stake in Unicommerce, and more (Updated)
  • Startups raise $791M from global investors.
  • SoftBank to acquire 30% stake in Unicommerce.

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