Shadowfax Technologies Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a significant turnaround in profitability for the fiscal year, driven by robust operational performance, strong volume growth, and the successful completion of its initial public offering (IPO). The Board of Directors approved the financial results at its meeting held on May 14, 2026, and the statutory auditors have issued an unmodified opinion on the audited standalone and consolidated financial results.

Financial Performance Overview

For the year ended March 31, 2026, the company reported a consolidated net profit of ₹112 crore, a sharp increase from ₹6 crore in FY25, representing a growth of 1,639% YoY. Revenue from operations surged to ₹4,202 crore, reflecting a 69.1% YoY growth. IndAS EBITDA for FY26 stood at ₹212 crore, representing a 5.0% margin and 277% YoY growth with approximately 270 bps improvement YoY. Adjusted EBITDA for the year stood at ₹159 crore, a 227% YoY growth, with a margin of 3.8% and approximately 180 bps improvement YoY. Net Cash Flow from Operating Activities for FY26 stood at ₹350 crore.

On a standalone basis, net profit stood at ₹115.18 crore for FY26, while revenue from operations reached ₹4,080.35 crore. The following table summarises the key standalone annual financial metrics:

Q4 FY26 Performance

The fourth quarter demonstrated strong momentum, delivering the highest ever quarterly revenue in the company's history. On a consolidated basis, Q4 net profit came in at ₹56 crore against a loss of ₹10 crore in the year-ago period, while consolidated revenue for the quarter rose to ₹1,237 crore from ₹712 crore YoY, a growth of 73.6% YoY and 6.7% QoQ. On a standalone basis, net profit reached ₹55.27 crore and revenue from operations stood at ₹1,205.81 crore, marking a recovery from the net loss of ₹10.08 crore reported in the corresponding quarter of the previous year.

The table below presents the key consolidated Q4 metrics:

Q4 FY26 marked the 12th consecutive quarter of EBITDA profitability for the company. Express Parcel revenue grew at 121% YoY and Hyperlocal revenue grew at 32% YoY during the quarter.

Key Operational Metrics

The company delivered 72.6 crore orders in FY26, achieving a shipment growth of 66.4% YoY. During Q4 FY26, the company delivered 22.6 crore orders combined in express parcel and hyperlocal, with shipment growth of 100.8% YoY and 10.0% QoQ. Earnings per share (EPS) for the year improved to ₹2.29 (basic) from ₹0.13 in the prior year.

Strategic Initiatives and Infrastructure Expansion

Shadowfax launched Shadowfax 360, a self-serve digital shipping platform for SMEs and D2C brands, providing access to 15,000+ pin codes, flat-rate billing, and AI-driven RTO prediction. The platform enables new customer acquisition at scale with no minimum order requirements, expanding the merchant base beyond enterprise and marketplace relationships, and marks a strategic step toward revenue diversification targeting online-first SMEs and D2C brands.

On the infrastructure front, the company launched OneNCR, its largest automated sortation center with 2.1 lakh sq. feet of operations space and a processing capacity of 48,000 shipments per hour. The company expanded its reach to 15,656 pin codes, with facilities spread across 4,778 touchpoints spanning over 47 lakhs square feet of operating space, connected by 3,500+ trucks on a daily basis. The company invested ₹185 crore during FY26 in expanding its network, automation of sort centers, and capacity enhancement.

Corporate Developments

During the year, Shadowfax Technologies completed its IPO, issuing 153,812,014 equity shares with a face value of ₹10 each at an issue price of ₹124 per share. The total offer size, including the offer for sale, was ₹1,907.27 crore. Additionally, the company acquired an additional 10.41% stake in its subsidiary, Criticalog India Private Limited, for ₹5.69 crore during the quarter and year ended March 31, 2026.

Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited financial results for the quarter and year ended March 31, 2026 were published in Financial Express (English) and Vishwavani (Kannada) on May 15, 2026. The publications are also available on the company's investor relations website at www.shadowfax.in/investor-relations/ .

Shadowfax Technologies has notified the stock exchanges of its scheduled participation in the Macquarie Asia Conference 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed on May 16, 2026, and signed by Krishnakanth Venkata Gangavarapu, Company Secretary & Compliance Officer.

Investor Meet Details

The company will engage with investors and analysts through both individual and group meetings during the two-day conference. The meetings will be conducted in physical mode at Hong Kong. The following table summarises the key details of the scheduled event:

Disclosure and Compliance

The company has clarified that no unpublished price sensitive information will be shared or discussed during these meetings. Shadowfax Technologies has also noted that the above schedule may change due to exigencies on the part of investors, analysts, or the company. Further details are available on the company's website at its investor relations section for stock exchange announcements.

The filing was made by Krishnakanth Venkata Gangavarapu in his capacity as Company Secretary & Compliance Officer, holding ICSI Membership No. A17291. Shadowfax Technologies is formerly known as Shadowfax Technologies Private Limited and is registered under CIN U72300KA2015PLC150324, with its registered office located in Bangalore, Karnataka.