Shadowfax Technologies Q2 FY27 Results: Revenue Jumps 56.6%, Adjusted EBITDA Rises 177%, And Margins Improve To 5%

  • Posted: 29 Oct 2026, 5:42 PM IST
  • 2 Min. Read
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Shadowfax Technologies Q2 FY27 Results: Revenue Jumps 56.6%, Adjusted EBITDA Rises 177%, And Margins Improve To 5%
Shadowfax Technologies reported 56.6% revenue growth and a 177% rise in adjusted EBITDA in Q2 FY27.
Summary

Shadowfax Technologies reported a 56.6% YoY increase in Q2 FY27 revenue to ₹1,538 crore. Net profit rose to ₹68 crore from ₹13 crore, while adjusted EBITDA increased 177% to ₹77 crore.

In a regulatory filing to the stock exchanges dated 29 October 2026, Shadowfax Technologies Limited recorded revenue growth in the September quarter, supported by higher order volumes across its express and hyperlocal businesses.

The company’s quarterly presentation also showed an improvement in operating profitability as it proceeded to extend its delivery network.

On the reported date, the Shadowfax Technologies share price closed at ₹294.35 on the National Stock Exchange (NSE), gaining 1.36% from the previous close of ₹290.40. The Shadowfax share price opened at ₹289.90 and traded between an intraday high of ₹301.75 and a low of ₹276.70.

Shadowfax Q2 Results: Financial Highlights

Revenue from operations rose 56.6% year-on-year (YoY) to ₹1,538 crore from ₹982 crore in Q2 FY26. Total orders increased 69.7% to 27.1 crore, compared with 16 crore a year earlier. Order volumes also grew 9.8% sequentially from Q1 FY27.

The express business generated ₹1,096 crore in revenue, up 55.2% YoY. Hyperlocal revenue grew faster, increasing 87.7% to ₹341 crore. Revenue from other logistics services reached ₹100 crore, up 6.6% from the year-earlier quarter.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) climbed 177.4% YoY to ₹77 crore from ₹28 crore. Its margin expanded to 5% from 2.8%, an improvement of 218 basis points (bps).

Profit after tax (PAT) increased 421.9% to ₹68 crore from ₹13 crore, while the PAT margin improved to 4.4% from 1.3%. The company’s Ind AS EBITDA rose to ₹104 crore, with a margin of 6.7%. This was 276 bps higher than in Q2 FY26.

Network Expansion Supports Shadowfax Growth Plans

Shadowfax reported 5,566 touchpoints and reach across 16,681 pin codes. Its mid-mile operating space expanded to more than 34 lakh square feet in Q2 FY27, following the addition of around 10 lakh square feet during the quarter.

Three large-format sort centres were commissioned across Delhi NCR, Bengaluru and Surat.

The company also said it had deployed its in-house artificial intelligence (AI)-led routing system nationwide ahead of the festive peak. The system replans freight routes daily based on demand and available capacity, aiming to improve network utilisation.

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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer

About the Author
Vishwa Ved
Vishwa Ved

Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.

At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.

When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.

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