Financial Performance Update
Shadowfax Crosses ₹100 Crore Annual PAT Milestone in FY26; Revenue Jumps 69% YoY
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Shadowfax Technologies Limited reported a record FY26 performance with revenue rising 69% YoY to ₹4,202 crore, while annual PAT crossed ₹100 crore for the first time. The company also delivered its strongest-ever quarterly performance in Q4FY26 driven by sharp shipment growth, margin expansion, and operating leverage.
PRICE-SENSITIVE TRIGGER
Event: Announcement of audited Q4FY26 and FY26 financial results
Type: Financial Performance Update
Impact: Positive
Immediate Effect: The company achieved record revenue, profitability, and EBITDA margins while strengthening logistics infrastructure and scaling operational efficiency across India.
Key Metrics:
Q4FY26 Highlights:
- Revenue stood at ₹1,237 crore, up 73.6% YoY
- Orders delivered reached 22.6 crore, up 100.8% YoY
- Ind AS EBITDA came at ₹81 crore
- Ind AS EBITDA Margin improved to 6.6%
- Adjusted EBITDA stood at ₹58 crore
- Adjusted EBITDA Margin expanded to 4.7%
- PAT stood at ₹56 crore, versus loss in Q4FY25
- Net Profit Margin improved to 4.5%
FY26 Highlights:
- Revenue stood at ₹4,202 crore, up 69.1% YoY
- Total orders delivered reached 72.6 crore
- Ind AS EBITDA stood at ₹212 crore
- Adjusted EBITDA stood at ₹159 crore
- PAT increased sharply to ₹112 crore
- Operating Cash Flow stood at ₹350 crore
- Company completed 12 consecutive quarters of EBITDA profitability
Highlight:
- Shadowfax crossed ₹100 crore annual PAT milestone for the first time in company history.
What Happened ?
Shadowfax Technologies Limited announced its audited Q4FY26 and FY26 financial results, reporting strong revenue growth, record profitability, and significant margin expansion. The logistics company benefited from strong shipment growth across express parcel and hyperlocal businesses alongside improved operational efficiencies.
The company also scaled infrastructure aggressively during FY26 by expanding automation capacity, adding logistics touchpoints, and investing heavily in network expansion. Shadowfax further launched “Shadowfax 360,” a self-serve logistics platform targeting SMEs and D2C brands.
key highlights
Business & Operational Highlights:
- Express Parcel revenue grew 121% YoY
- Hyperlocal revenue grew 32% YoY
- Expanded delivery reach to 15,656 pin codes
- Operations spread across 4,778 touchpoints
- Daily logistics network connected through 3,500+ trucks
- Invested ₹185 crore during FY26 toward automation and infrastructure
- Launched OneNCR, the company’s largest automated sortation center
- OneNCR has processing capacity of 48,000 shipments per hour
Note:
- The company stated that FY26 marked a major scale-up year with simultaneous growth in revenue, infrastructure, and profitability.
Shadowfax 360 Launch:
- Introduced self-serve shipping platform for SMEs and D2C brands
- Offers AI-driven RTO prediction and flat-rate billing
- Covers delivery access across 15,000+ pin codes
- Focused on expanding beyond enterprise marketplace relationships
Risk Analysis
Key Risks:
- Rising logistics and infrastructure costs
- Competitive pricing pressure in e-commerce logistics
- Dependence on large enterprise and marketplace clients
- Execution risk while scaling nationwide operations rapidly
Worst Case Scenario:
- If shipment growth slows or operational costs rise sharply, profitability margins could come under pressure despite revenue expansion.
Risk Level: Medium
Company Commentary
- Management described FY26 as a defining year across scale, profitability, and infrastructure
- Company highlighted successful transition into a publicly listed company
- Shadowfax emphasized investments into sort centers, automation, and last-mile infrastructure
- Management stated Q4FY26 was the strongest quarter in company history across revenue, EBITDA, and PAT
Official Exchange Filing: Shadowfax Technologies Limited