Shadowfax Technologies Limited has reported its unaudited consolidated and standalone financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 31, 2026, and have been subjected to a limited review by the statutory auditors of the company. The statutory auditors' review report is unmodified.

Consolidated Financial Performance

On a consolidated basis, the company recorded a substantial increase in revenue and profitability compared to both the preceding quarter and the corresponding quarter of the prior year. The following table presents the key consolidated financial metrics (Amount in Rs. Crores except data per share):

Consolidated total income from operations for the quarter ended June 30, 2026 stood at ₹1,379.18 crore, compared to ₹831.72 crore in the quarter ended June 30, 2025 and ₹1,252.60 crore in the quarter ended March 31, 2026. Net profit after tax on a consolidated basis was ₹65.40 crore for the quarter, compared to ₹8.02 crore in the year-ago quarter and ₹55.83 crore in the preceding quarter. Total comprehensive income for the quarter stood at ₹65.43 crore, against ₹8.02 crore in the same quarter of the previous year.

Standalone Financial Performance

The company also disclosed key numbers from its standalone financial results for the quarter ended June 30, 2026. The standalone figures are presented below (Amount in Rs. Crores):

On a standalone basis, total income from operations for the quarter ended June 30, 2026 was ₹1,344.88 crore, compared to ₹804.16 crore in the year-ago quarter and ₹1,221.73 crore in the preceding quarter. Standalone net profit after tax for the quarter stood at ₹66.20 crore, against ₹9.14 crore in the corresponding quarter of the prior year and ₹55.27 crore in the quarter ended March 31, 2026. Standalone total comprehensive income for the quarter was ₹66.23 crore, compared to ₹9.14 crore in the year-ago period.

Earnings Per Share

On a consolidated basis, basic earnings per share (of ₹10/- each, not annualised) for the quarter ended June 30, 2026 was ₹1.11, compared to ₹0.16 in the quarter ended June 30, 2025 and ₹0.95 in the quarter ended March 31, 2026. Diluted earnings per share for the same period stood at ₹1.10, against ₹0.15 in the year-ago quarter and ₹0.94 in the preceding quarter. For the full year ended March 31, 2026, basic and diluted EPS (annualised) were ₹2.22 and ₹2.18 respectively.

Regulatory and Disclosure Details

The unaudited consolidated financial results for the quarter ended June 30, 2026 were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 31, 2026, and filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the quarterly financial results is available on the stock exchange websites and on the company's website at www.shadowfax.in . The standalone results are also available on the company's website in the investor relations section.

Shadowfax Technologies delivered its strongest quarterly performance to date in Q1FY27, reporting a record net profit of ₹65 crore and revenue of ₹1,358 crore. The logistics technology firm achieved a 64.9% year-on-year revenue surge, marking the fifth consecutive quarter of over 60% growth. Building on this momentum, the company has raised its FY27 revenue growth forecast from 27-30% to 38-40%, while keeping margin goals stable — signalling quicker growth with careful profit management. Strong Q1 results, better outlook with enterprise clients, rising new customer numbers, and boosts in hyperlocal and e-commerce segments are driving this upgrade.

Financial Highlights

The consolidated results for the quarter ended June 30, 2026, demonstrate broad-based improvement across key metrics. Revenue grew 9.8% quarter-on-quarter to ₹1,358 crore. Net profit jumped 715.9% year-on-year to ₹65 crore, the highest quarterly PAT in the company's history. Ind AS EBITDA reached ₹92 crore with a margin of 6.8%, an improvement of 370 basis points year-on-year. Adjusted EBITDA stood at ₹67 crore, reflecting a 204 basis point margin expansion.

Operational and Network Expansion

Shadowfax processed 24.7 crore orders in the quarter, combining express parcel and hyperlocal shipments. Express parcel revenue grew 87.3% year-on-year, while hyperlocal revenue increased by 53.0%. The company expanded its network to 16,372 pin codes, adding nearly eight new pin codes daily — the largest pin code addition in its history — supported by 5,095 touchpoints and over 53 lakh square feet of operating space. The Prime Large business segment expanded to 10,000 pin codes in Q1FY27, reaching its full-year target ahead of schedule, and the company now aims to extend this to 12,000 pin codes. Revenue from this segment increased approximately 170% year-on-year to about ₹75 crore. Capital expenditure during the quarter was approximately ₹60 crore, with 77% directed toward network and automation improvements for long-term middle-mile capacity ahead of the busy sales season.

The following table summarises key operational and segment developments during the quarter:

Quick Commerce Leadership

Shadowfax leads quick commerce outsourcing with over 50% market share, even as industry-wide outsourcing levels range from 12% to 15%. The company plans to maintain its initial margin goals while reinvesting extra profits to expand market share and build new capabilities, reflecting a deliberate strategy of balancing profitability with long-term competitive positioning.

Technology Initiatives

The firm continued to deploy AI-driven solutions to enhance efficiency. Shadowfax 360, a self-serve digital shipping platform for SMEs, onboarded 1,200+ transacting SMEs in Q1FY27. The AI copilot for delivery partners, Delivery Partner Buddy, handled approximately 16,000 rider conversations daily, resolving ~97% without human intervention. Additionally, Vision AI at pickup points identified ~40% of mismatched reverse pickups before they incurred losses, operating at ~35x lower inference cost than frontier models.

Management Commentary

Abhishek Bansal, Co-founder and CEO, stated that Q1FY27 was the most profitable quarter in the company's history, with sequential growth accelerating compared to Q4FY26. He highlighted that capacity additions were made ahead of demand, positioning the network to handle peak-season volumes. "We are building one of India's largest and most impactful logistics companies, and the best of that story is still ahead of us," Bansal said.

Regulatory Disclosure

The unaudited standalone and consolidated financial results were approved by the Board of Directors on July 31, 2026. The disclosure was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Krishnakanth Venkata Gangavarapu, Company Secretary & Compliance Officer, signed the intimation.