Shadowfax Q2 FY27 Results: Key Dates and Q1 Metrics

Q2 FY27 board meeting is scheduled for 29 October

Shadowfax Technologies Limited is scheduled to consider its financial results for the July-September 2026 quarter, or Q2 FY27, at a board meeting on 29 October 2026. The company has also indicated that its earnings call is planned for 5:00 p.m. IST on the same day. The meeting intimation, dated 23 October, refers to approval of unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. As of the information available, the Q2 numbers have not been reported. Investors will therefore look to the board outcome and subsequent disclosures for the reported financial and operating performance.

Latest reported Q1 FY27 performance

The latest reported quarter in the supplied data is Q1 FY27, with results dated 31 July 2026. Shadowfax reported revenue of ₹1,358 crore for the quarter. This represented growth of 9.78% quarter-on-quarter and 64.91% year-on-year. Net profit was reported at ₹65.4 crore, up 17.14% sequentially and 716.48% from a year earlier. The company also reported gross profit of ₹52 crore, showing 13.56% quarter-on-quarter growth and 1,476.06% year-on-year growth.

Key financial figures at a glance

The reported Q1 figures show that profit growth exceeded revenue growth on a year-on-year basis. The company described Q1 profit after tax as a record ₹65 crore in a separate summary. Margin data in the supplied material includes an operating margin of 6.8% and an adjusted EBITDA margin of 4.9%. These are separate measures and should not be treated as interchangeable.

Revenue growth was led by operating expansion

Management attributed its Q1 performance to market share gains in Express Parcel, expansion in quick commerce, and investments in network and technology. The company said these factors supported revenue growth even as fuel prices increased and labour disruptions affected the broader operating environment. Shadowfax operates as a logistics solutions provider in India and was incorporated in June 2016. Its performance is therefore closely linked to shipment volumes, delivery network efficiency, labour availability and transport costs.

The provided quarterly history also shows a rising sales trend before the latest reported Q1 figure. Sales increased from ₹701 crore in December 2024 to ₹1,206 crore in March 2026, while operating profit rose from ₹21 crore to ₹79 crore over the same period. The historical table lists sales of ₹1,324 crore and operating profit of ₹90 crore for June 2026. Separately, the latest Q1 summary reports revenue of ₹1,358 crore. The company’s formal Q2 filing will be the relevant reference for its updated reported numbers.

FY27 revenue guidance was raised

Following Q1, management revised its FY27 revenue growth guidance to 38-40%. The revision was described as an upward change while the company maintained its stated focus on profitability. Guidance is a management outlook, not a reported result, and the Q2 announcement will provide the next official update on whether operating trends remain aligned with that range. No Q2 revenue, earnings or margin outcome should be inferred before the board releases the results.

What the Q2 disclosure will cover

The board meeting notice covers both quarterly and half-year financial statements, since the September quarter completes the first half of FY27. The resulting disclosures are expected to provide revenue, profitability and other financial details for Q2 and the six months ended 30 September 2026. The company’s earnings call may also provide management commentary on the Express Parcel and quick-commerce businesses, network investments and operating conditions. Any guidance update, if issued, will be relevant to the company’s previously stated 38-40% FY27 revenue growth outlook.

Forecast revisions are separate from company results

The supplied market information says the fiscal 2027 revenue forecast increased from ₹56.7 billion to ₹59.4 billion, while the EPS estimate rose from ₹3.98 to ₹4.48 per share. It also states that net income was forecast to grow 75% in the following year, compared with a 12% growth forecast for India’s transportation industry. These are consensus estimates rather than earnings reported by Shadowfax. They may change as analysts incorporate the company’s Q2 results and management commentary.

Why investors will track margins and profits

For a logistics company, revenue growth alone does not show the full financial picture. Costs associated with delivery personnel, fuel, sorting infrastructure, technology and network expansion can influence margins and profit conversion. Shadowfax’s Q1 release reported both a 6.8% operating margin and a 4.9% adjusted EBITDA margin, alongside ₹65.4 crore of net profit. The next results will offer the first official indication of how these measures developed during the September quarter.

Documents and disclosures already available

The company has published an earnings call transcript for Q1 FY27 and a newspaper publication of financial results dated 3 August 2026. It has also issued its annual report for FY2025-26 under Regulation 34(1). These documents provide background on the company’s prior disclosures. The formal Q2 outcome, unaudited financial statements and any presentation or call transcript will be the key documents to follow after the 29 October meeting.

Conclusion

Shadowfax enters its Q2 FY27 results date after reporting Q1 revenue of ₹1,358 crore and net profit of ₹65.4 crore. The board is scheduled to consider the September-quarter and half-year results on 29 October 2026, followed by an earnings call at 5:00 p.m. IST. The upcoming disclosures will clarify revenue growth, profitability, margins and any change to the company’s FY27 outlook.