Shadowfax Q2 FY27 Results: Revenue Rises 57%, Profit Jumps 422% to ₹67.95 crore

Shadowfax Technologies reported a 56.6% year-on-year revenue increase to ₹1,537.70 crore in Q2 FY27. Net profit surged 422% to ₹67.95 crore, marking the company's highest-ever quarterly revenue.

Shadowfax Q2 FY27 Financial Results

Financial Metric	Q2 FY27	Q2 FY26
Revenue	₹1,537.70 crore	₹982.11 crore
Net Profit	₹67.95 crore	₹13.02 crore
Ind AS EBITDA	₹104 crore	—
Adjusted EBITDA	₹77 crore	—

Segment-Wise Growth

Shadowfax recorded 27.1 crore orders, up 69.7% year-on-year.

• Express Parcel: Revenue rose 55.2% to ₹1,096 crore.
• Hyperlocal: Revenue increased 87.7% to ₹341 crore.
• Adjusted EBITDA margin: Improved to 5% from the previous year.

The company's delivery network expanded to 5,566 touchpoints, while active delivery partners increased 74% to 3.8 lakh.

Shadowfax Growth Outlook

Management expects long-term revenue growth of 27%–30% annually. Express Parcel is projected to grow 27%–28%, while Quick Commerce is expected to expand by more than 30%.

Shadowfax also reported ₹255.92 crore in cash and cash equivalents as of September 30, 2026.

Shadowfax Share Returns

Period	Return
1 day	-0.12%
5 days	+6.43%
1 month	+4.68%
6 months	+77.07%
1 year	+167.32%

Investors will monitor whether Shadowfax can sustain strong growth while improving margins and operational efficiency.

What were Shadowfax Technologies’ Q2FY27 results?

Shadowfax Technologies reported consolidated revenue of ₹1,537.70 crore and net profit of ₹67.95 crore in Q2FY27. Revenue increased 56.6% year-on-year from ₹982.11 crore, while net profit rose from ₹13.02 crore in Q2FY26.

How much did Shadowfax’s revenue grow in Q2FY27?

Shadowfax’s consolidated revenue from operations grew 56.6% year-on-year to ₹1,537.70 crore in Q2FY27, compared with ₹982.11 crore in the corresponding quarter last year.

What was Shadowfax’s net profit in Q2FY27?

Shadowfax reported consolidated net profit of ₹67.95 crore in Q2FY27, up approximately 422% from ₹13.02 crore in Q2FY26. The company also reported a consolidated net profit of ₹133.35 crore for the first half of FY27.

What was Shadowfax’s EBITDA in Q2FY27?

Shadowfax’s Ind AS EBITDA reached ₹104 crore, with a margin of 6.7%. Adjusted EBITDA stood at ₹77 crore, representing a 5% margin. Adjusted EBITDA grew 177% year-on-year, according to the reported results.

Which business segments drove Shadowfax’s growth in Q2FY27?

Both major operating segments recorded strong growth. Express Parcel revenue increased 55.2% year-on-year to ₹1,096 crore, while Hyperlocal revenue rose 87.7% to ₹341 crore.

What was Shadowfax’s order volume in Q2FY27?

Shadowfax delivered 27.1 crore orders across its Express Parcel and Hyperlocal segments, marking 69.7% year-on-year growth. This volume represented an annualised run rate of more than 100 crore orders.

What is Shadowfax’s long-term revenue growth target?

Shadowfax management is targeting 27% to 30% long-term revenue growth. The Express Parcel segment is expected to grow by 27% to 28% annually, while Quick Commerce is projected to grow by more than 30%.

What should investors watch after Shadowfax’s Q2FY27 results?

Investors may monitor revenue growth, EBITDA margins, order volumes, cash flow and the company’s ability to sustain profitability. Shadowfax reported ₹163.05 crore in consolidated operating cash flow for H1FY27. Its future performance will depend on execution, operating costs and demand across its logistics segments.