Unicommerce records 31.1% YoY jump in net profit in Q1 FY25

Quick Summary:

The Softbank-backed company witnessed a 9.2% rise in total revenue during the quarter, climbing to Rs 27.5 crore compared to Rs 25 crore the previous year.

The Delhi-based company's stock opened at Rs 235 per share on the NSE, representing a 117.6% premium over its issue price of Rs 108.

This strong demand made Unicommerce's IPO one of the most subscribed startup offerings in India this year, with the price range set between Rs 102 and Rs 108 per share.

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Article Details

Author / Journalist: Bhuvana Kamath

Category: StartupsEconomyBusiness

Markets: India

Topics: Crore Policy Total Unicommerce Quarter Previous Ecommerce Company Year Compared Privacy

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 15:54:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

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News ID: 22309050

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