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Unicommerce shares down 9% as Q4 margins shrink on high investmentsThe margin compression was largely due to planned investments in Shipway, which operates at lower margins and weighed on overall profitability.By CNBCTV18.com April 28, 2026, 12:34:19 PM IST (Published)1 Min ReadShares of Unicommerce eSolutions Ltd. declined as much as 9% on Tuesday, April 28, after the company's March quarter (Q4FY26) performance reflected margin pressure due to ongoing investments.

The e-commerce enablement SaaS platform reported revenue growth of 14.16% year-on-year to ₹51.6 crore in the March quarter, compared to ₹45.2 crore a year ago.

Net profit saw a modest increase of 3% to ₹3.4 crore from ₹3.3 crore, indicating moderate improvement in profitability.

However, operating performance weakened, with EBITDA declining 14.8% to ₹6.9 crore from ₹8.1 crore last year. EBITDA margins also contracted to 13.37% from 17.92% in the same period.

Cons YoY

/td>

(In ₹cr)

/tr>

Q4FY26

Q4FY25

Yoy%

Rev

51.6

45.2

14.16%

Ebitda

6.90

8.10

-14.81%

EBITDA margin

13.37%

17.92%

Pat/ Loss

3.4

3.3

3.03%/tbody>

/table>

/div>

The margin compression was largely due to planned investments in Shipway, which operates at lower margins and weighed on overall profitability.

The company's core Uniware platform returned to double-digit growth, rising 11.7% year-on-year, while its international business turned profitable during the quarter.Continue Reading