Unicommerce, the foremost SaaS provider solution for e-commerce has reported marvellous financial results for the first quarter of the fiscal year. The results demonstrated a 3% increase in revenues although it is a considerable reduction quarter on quarter and an even more impressive 22% growth in earnings.
From Rs 26.5 crore in Q4 FY24 to Rs 27.4 crore in Q1 FY25, there was an increase in operating revenue. This increase comes on the back of a successful IPO held in August where Unicommerce shares were oversubscribed 168 times.
In Q1 FY25, Unicommerce made appreciable profit of Rs 3.5 crore which was an increase although only moderate increase in operating cost was incurred. Such productive performance illustrates the potential of the company to generate growth whilst keeping the costs in check.
From the above figures some healthy figures have been derived showing that unicommerce is a force to reckon within the e commerce software as a service sector.
