Shadowfax Q1 FY27: Profit jumps 8x, revenue up 65%

What Shadowfax reported for Q1 FY27

Shadowfax Technologies Limited reported a sharp year-on-year rise in profitability for the quarter ended June 30, 2026 (Q1 FY27). Consolidated net profit came in at ₹65.40 crore, compared with ₹8.02 crore in the corresponding quarter last year. The company’s total income increased to ₹1,379.18 crore from ₹831.72 crore in the year-ago period. Revenue from operations rose 64.9% year-on-year to ₹1,358.12 crore, up from ₹823.54 crore. The quarter’s financials also showed higher expenses, reflecting scale-up in operations.

Profitability improved alongside scale

The company’s profitability expansion was also visible in operating metrics shared alongside the quarter’s results commentary. Consolidated operating EBITDA was reported at ₹91.8 crore for Q1 FY27, compared with ₹25.2 crore in Q1 FY26. This implied an EBITDA margin of 6.8% versus 3.1% a year earlier, an expansion of 370 basis points. The quarter also showed higher earnings per share, with basic EPS at ₹1.11 (₹0.16 in the year-ago quarter) and diluted EPS at ₹1.10 (₹0.15 earlier). These figures indicate that profit growth outpaced revenue growth during the quarter.

Expenses rose, led by employee costs

Total expenses for the quarter stood at ₹1,313.78 crore, up from ₹823.70 crore in the corresponding period last year. Employee benefits expense increased to ₹123.56 crore from ₹83.11 crore in Q1 FY26. The data points to a cost base that expanded with the business, even as margins improved at the EBITDA level. Since the company operates in logistics services, employee costs and network operations typically form a meaningful portion of overall expenses. The quarter’s results show that the company managed to lift operating profitability despite a higher expense run-rate.

Sequential trend: revenue, profit, and margin

The commentary also provided a sequential view versus the preceding quarter (Q4 FY26). Consolidated revenue increased by 10% sequentially to ₹1,358 crore, compared with ₹1,237 crore in Q4 FY26. Consolidated net profit rose 17% quarter-on-quarter to ₹66 crore from ₹55.8 crore in the preceding quarter. Operating EBITDA increased 13% sequentially to ₹91.8 crore from ₹81 crore. EBITDA margin was reported at 6.8% versus 6.6% in the prior quarter, indicating a 20 basis point improvement.

Key numbers at a glance

The table below summarises the main reported metrics for Q1 FY27, alongside the year-ago quarter and select Q4 FY26 figures where available.

Operational context: segments and network footprint

Shadowfax is described as a technology-led third-party logistics (3PL) company focused on enabling digital commerce in India. It provides end-to-end logistics services across e-commerce, hyperlocal, quick commerce, and reverse logistics. The company’s network is stated to cover over 2,500+ cities and 15,000+ PIN codes. The results note revenue growth being driven by sustained expansion across express logistics, hyperlocal, and quick-commerce fulfilment segments. Separately, a note in the data states the Express segment contributed ₹1,716 crore last year, compared with ₹1,495 crore the previous year.

Annual revenue context and geography split provided

The dataset also includes annual figures that place the quarterly performance in context. For the year ended March 2026, revenue was shown at ₹4,202 crore, with profit after tax at ₹112 crore. A country split table in the data shows India revenue at ₹1,415 crore (2022), ₹1,885 crore (2023), and ₹2,485 crore (2024). These figures are presented as part of the same broader financial snapshot.

Market snapshot and upcoming events

A “Quick Details” section in the provided text listed a market cap of ₹12,275.74 crore and a CMP of ₹209.6. The same section listed the results date as July 31, 2026. The company’s board meeting was scheduled for July 31, 2026 to consider and approve the unaudited financial results for the quarter ended June 30, 2026. An investor conference call was scheduled on July 31, 2026 at 5:00 PM IST. These events are relevant for investors tracking official filings and management commentary.

Why the Q1 FY27 print matters

The Q1 FY27 numbers show that Shadowfax combined rapid revenue growth with improved operating profitability. EBITDA margin expansion from 3.1% to 6.8% year-on-year indicates better operating leverage during the quarter, as reported. At the same time, expenses increased materially, including higher employee benefits expense, which signals continued investment in capability and scale. The quarter also provided sequential growth in revenue and profit versus Q4 FY26, along with a modest margin improvement. Investors will typically focus on whether this margin profile can be sustained while the company continues expanding across express, hyperlocal, and quick-commerce delivery demand.

Conclusion

Shadowfax’s Q1 FY27 results showed revenue from operations of ₹1,358.12 crore and net profit of ₹65.40 crore, alongside an EBITDA margin of 6.8%. The company is set to discuss the quarter through a board meeting and an investor conference call on July 31, 2026, which will be key checkpoints for further detail on performance drivers.