Shiprocket Reports First Quarterly Profit on Core Business Growth
Indian logistics firm Shiprocket, backed by Temasek, posted its maiden quarterly profit of Rs 60 lakh ($63,487) for the quarter ended September 30, reversing a loss of Rs 20.29 crore a year ago. Revenue rose 35% to Rs 674 crore, with core business revenue up 25% to Rs 462 crore, driven by increased demand from quick commerce brands and appointment-based deliveries.
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