AceVector Posts About Rs 17.6 Crore Loss in Q2 FY27
Snapdeal's parent reported Rs 151.2 crore of operating revenue for the September quarter, about 17% higher than a year earlier.
Key Takeaways
- Operating revenue was Rs 151.2 crore, up about 17% from a year earlier.
- Net loss was about Rs 17.6 crore, up about 85% from a year earlier.
- Total expenses were Rs 168.7 crore, up about 22%.
- Logistics cost Rs 71.4 crore, about 42% of total expenses.
- First-half FY27 revenue was Rs 285.5 crore, up about 17%.
AceVector, the parent company of Snapdeal, reported operating revenue of Rs 151.2 crore and a net loss of about Rs 17.6 crore for the September quarter of FY27. The numbers are unaudited and are the group's first results since its shares listed earlier in October.
Revenue was about 17% higher than the Rs 129.3 crore a year earlier, while the net loss was about 85% higher. Total expenses rose about 22% to Rs 168.7 crore, and logistics was the biggest cost.
AceVector Q2 FY27 at a glance
| Detail | Value |
|---|---|
| Company | AceVector |
| Quarter | July to September 2026 (Q2 FY27), unaudited |
| Operating revenue | Rs 151.2 crore, against Rs 129.3 crore a year earlier |
| Total income | Rs 153.8 crore, including other income of Rs 2.6 crore |
| Total expenses | Rs 168.7 crore, up about 22% from a year earlier |
| Net loss | About Rs 17.6 crore, up about 85% from a year earlier |
| Logistics expenses | Rs 71.4 crore, up about 20% |
| First half revenue | Rs 285.5 crore, up about 17% |
Where AceVector's revenue and costs come from
AceVector is the holding company behind the Snapdeal marketplace and Unicommerce, a software platform that helps online sellers run their e-commerce operations. It also has a small consumer brands business. Unicommerce brought in about Rs 59 crore of revenue in the quarter.
Logistics was the largest expense at Rs 71.4 crore, which is about 42% of total expenses. In the first half of FY27, Snapdeal revenue was Rs 164.4 crore and Unicommerce revenue was Rs 110.4 crore, each up about 15%. The group's adjusted EBITDA loss for the half was Rs 26.9 crore, against Rs 9.3 crore in the first half of FY26.
| When | What happened |
|---|---|
| Early October 2026 | AceVector completed its Rs 420 crore IPO |
| Listing day, October 2026 | Shares listed about 11.5% below the issue price |
| Late October 2026 | AceVector reported its Q2 FY27 results |
How Snapdeal's customer numbers moved in the first half
Snapdeal's fashion sales, measured as net merchandise value, rose about 31% to Rs 407.6 crore in the first half. Its annual transacting customers grew about 12% to about 1.31 crore, and units delivered through its app rose about 23%. Unicommerce added 121 enterprise clients in the quarter.
What AceVector said drove the wider loss
AceVector said the loss came from higher marketing spending ahead of the festive season and temporary logistics cost pressure at Snapdeal. It also pointed to investment in Unicommerce. The company said Snapdeal's festive shopping moved into the third quarter, which held back growth in the second quarter.
Where AceVector stands after its first results as a listed company
AceVector closed the September quarter with Rs 151.2 crore of operating revenue and a net loss of about Rs 17.6 crore. For the first half of FY27, group revenue was Rs 285.5 crore. The company said Snapdeal units grew about 60% from a year earlier in the first half of October.
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