Results · Mobility & Logistics

Shadowfax posts first quarterly profit after IPO

What they do

Shadowfax provides express parcel, hyperlocal, and quick commerce delivery services across India

The company reported a Q4 FY26 net profit of ₹55.8 Cr, reversing a loss from the previous year

This marks its first quarterly profit since listing, signaling improved operational efficiency and scale

Shadowfax released its Q4 FY26 financial results on May 14-15, 2026.
The company posted a net profit of ₹55.8 Cr, compared to a loss in the same period last year.
Quarterly revenue grew 73.6% year-on-year to reach ₹1,237 Cr.
Adjusted EBITDA margins expanded significantly to 4.7% from just 0.7% a year ago.
Total orders surged 100.8% year-on-year to cross 22.6 crore shipments.
Express orders drove most growth, rising nearly 129% to 18.4 crore.
The company also acquired CriticaLog to strengthen its premium logistics capabilities.
Shares traded roughly 40% higher than the IPO price at the time of reporting.

Shadowfax plans to expand dark stores from 15 to 100 in FY27.
Prime Large coverage will increase to 10,000 pin codes by end of FY27.
Focus remains on four growth engines: quick commerce, Prime, Prime Large, and CriticaLog.