Shadowfax Technologies (SHADOWFAX) Q4 24/25 earnings summary

Executive summary

• Achieved consolidated revenue from operations of ₹24,851.31 million in FY25, up 31.85% year-over-year, with a consolidated profit after tax of ₹64.26 million, reversing a loss of ₹118.82 million in FY24.

• Standalone revenue grew 30.90% to ₹24,671.95 million, with profit after tax of ₹62.16 million, compared to a loss in the prior year.

• Completed acquisition of 79.17% stake in Criticalog India Private Limited, expanding into critical logistics.

• Converted to a public limited company effective April 2025 and filed a draft red herring prospectus with SEBI in June 2025.

Financial highlights

• Consolidated EBITDA (excluding other income) rose to ₹561.86 million from ₹113.72 million in FY24.

• Standalone EBITDA (excluding other income) was ₹551.24 million, up from ₹113.72 million.

• Adjusted EBITDA margin improved to 1.96% from 1.02% year-over-year.

• Earnings per share (basic and diluted) at ₹0.13, compared to a loss per share of ₹0.28 in FY24.

• No dividend declared for the year.

Outlook and guidance

• Focus on expanding high-speed logistics infrastructure, growing EV fleet, and strengthening technology investments.

• Plans to deepen market penetration with D2C brands and SMEs, and broaden service offerings in adjacent sectors.

• Continued emphasis on operational agility, capital efficiency, and sustainable growth.