Shadowfax Technologies Ltd — earnings calls

Shadowfax reported Q1 FY27 revenue growth of 65% year-on-year to Rs 1,358 crores, with adjusted EBITDA margin expanding to 4.9% and profit after tax at a record Rs 65 crores. Management raised its FY27 revenue growth guidance from the earlier 27%-30% range to 38%-40%, while stating the margin trajectory remains unchanged. The quarter included expansion of pin code coverage, growth in the Prime, Prime Large and dark store initiatives, and cost efficiency measures management said offset diesel price and labor cost increases.

Shadowfax reported Q4 FY26 revenue of about INR 1,237 crores, up 74% year-on-year, with adjusted EBITDA of INR 58 crores at a 4.7% margin and PAT of INR 56 crores. For the full year, revenue crossed INR 4,200 crores with 69% year-on-year growth, adjusted EBITDA of about INR 159 crores, and PAT of INR 112 crores. Management described growth across express parcel, hyperlocal and other logistics segments, new initiatives including Shadowfax 360, large shipment expansion, verticalized quick commerce dark stores, and the CriticaLog acquisition.