Q2 revenue rises 15%; management signals margin recovery and five-year targets
UNIECOM · price
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Q2 revenue grew 15% to INR59.1 crore; H1 revenue was INR110.4 crore, up 14.7%. Adjusted EBITDA margin slipped to 17% from 22.2%, while profit after tax rose to INR6.4 crore. Cash rose 65% to INR104.4 crore. Management expects better H2 margins, Shipway adjusted EBITDA break-even in Q3 and profit in Q4, with 15% plus Uniware and 20% plus Shipway growth from Q4. It targets 5x growth in five years and 20% plus steady-state adjusted EBITDA margin.
Q2 margin fell year on year. Medium term, Shipway break-even and H2 operating leverage could lift margins, while strong cash supports growth and acquisitions.