Shadowfax Technologies (SHADOWFAX) Q1 26/27 earnings summary

Executive summary

• Achieved 65% year-over-year revenue growth in Q1 FY27, with consolidated revenue from operations rising to ₹1,358.12 crore and net profit reaching ₹65.40 crore, maintaining high growth pace and improving margins.

• Delivered 24.7 crore customer orders, with broad-based volume growth across Express and Hyperlocal services.

• Five consecutive quarters of 60%+ YoY revenue growth, driven by market share gains and new client wins.

• Completed acquisition of the remaining 10.42% stake in Criticalog India Private Limited, making it a wholly owned subsidiary.

• Successfully completed IPO in the previous quarter, raising ₹1,907.27 crore.

Financial highlights

• Revenue from operations was ₹1,358 crore, up 64.9% YoY and 9.8% sequentially from Q4 FY26.

• Express segment revenue grew 87.3% YoY to ₹997 crore; Hyperlocal revenue rose 53% YoY to ₹272 crore.

• Adjusted EBITDA margin improved to 4.9% from 2.9% YoY; Ind AS EBITDA margin at 6.8%.

• PAT increased 715.9% YoY to ₹65 crore, with margin expansion of 384 bps.

• Earnings per share (basic) for the quarter stood at ₹1.11, up from ₹0.16 in the same quarter last year.

Outlook and guidance

• Positioned for another high-growth year, with investments in network, automation, and technology to support festive season demand.

• Strategic focus on scaling Quick Commerce, expanding pin code coverage, and deepening D2C and SME market penetration.

• Full national pin code coverage targeted by FY28, with 716 new pin codes added in Q1 FY27.

• Results reflect the first full quarter post-IPO and after making Criticalog India Private Limited a wholly owned subsidiary.