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Shadowfax Q2 Profit Zooms Over 5X YoY To ₹68 Cr, Revenue Crosses ₹1,500 Cr

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Shadowfax Q2 Profit Zooms Over 5X YoY To ₹68 Cr, Revenue Crosses ₹1,500 Cr

Logistics company Shadowfax reported an over 5X year-on-year (YoY) jump in its net profit for the September quarter (Q2 FY27) to ₹68 Cr from ₹13 Cr in the year-ago quarter. Sequentially, net profit increased 3.9% from ₹65.4 Cr. 

Operating revenue for the quarter surged 57% YoY and 13% QoQ to ₹1,537.7 Cr, a new all-time high in terms of quarterly revenue. Including other income of ₹20.4 Cr, total income for the quarter stood at ₹1,558.1 Cr.

The company said this marked its sixth consecutive quarter of revenue growth exceeding 55% YoY, despite the sale season shifting to Q3 FY27.

Meanwhile, total expenses rose 53% YoY to ₹1,490.2 Cr.

Adjusted EBITDA increased 177.4% YoY to ₹77 Cr, with the corresponding margin expanding to 5% from 2.8%.

“We head into the festive peak with more capacity than ever, and with an AI-led optimisation engine planning our national network every day… Shadowfax expects to remain India’s fastest-growing 3PL while delivering industry-leading returns,” cofounder and CEO Abhishek Bansal said.

Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax provides last-mile delivery services to ecommerce platforms and D2C brands. 

The company listed on the stock exchanges in January this year following its ₹1,907 Cr IPO, which included a ₹1,000 Cr fresh issue alongside an offer for sale.

Hyperlocal Revenue Jumps 88%

Shadowfax’s express parcel vertical contributed ₹1,096 Cr in revenue, up 55.2% YoY and 9.9% sequentially.

7% QoQ to ₹341 Cr. 6% sequentially.



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