Shadowfax income rises 58% as profit reaches Rs 67.95 crore
Key highlights
- Shadowfax’s total income from operations rose 57.7% year on year to Rs 1,558.14 crore in the September 2026 quarter.
- Net profit increased 421.9% year on year to Rs 67.95 crore in the September 2026 quarter, from Rs 13.02 crore.
- Shadowfax’s half-year income reached Rs 2,937.32 crore, up 61.4% from Rs 1,819.80 crore a year earlier.
- Half-year net profit was Rs 133.35 crore, exceeding the Rs 111.71 crore reported for the full year ended March 31, 2026.
powered by IRIS

Shadowfax Technologies Limited reported total income from operations of Rs 1,558.14 crore for the quarter ended September 30, 2026, up 57.7% from Rs 988.06 crore a year earlier. Shadowfax reported net profit after tax of Rs 67.95 crore, compared with Rs 13.02 crore in the September 2025 quarter, while half-year income reached Rs 2,937.32 crore.
Know Shadowfax Technologies inside out
Results, valuation, peers and who's buying, in one view.
How much did Shadowfax’s income grow in the September quarter?
Shadowfax’s total income from operations rose by Rs 570.08 crore year on year to Rs 1,558.14 crore in the quarter ended September 30, 2026, from Rs 988.06 crore in the quarter ended September 30, 2025. The increase was 57.7%, based on the consolidated unaudited results published by Shadowfax.
Income was also Rs 178.96 crore higher than the Rs 1,379.18 crore reported in the preceding quarter ended June 30, 2026. This was a sequential increase of 13.0%, meaning reported operating income rose in both the year-on-year and quarter-on-quarter comparisons.
For the half year ended September 30, 2026, Shadowfax recorded total income from operations of Rs 2,937.32 crore, compared with Rs 1,819.80 crore for the half year ended September 30, 2025. The Rs 1,117.52 crore increase was 61.4%, and the 2026 half-year total equals the combined June and September quarter figures disclosed in the filing.
What was Shadowfax’s September-quarter profit?
Shadowfax reported net profit after tax of Rs 67.95 crore for the quarter ended September 30, 2026, compared with Rs 13.02 crore a year earlier. Profit increased by Rs 54.93 crore, or 421.9%, alongside the Rs 570.08 crore year-on-year increase in total income from operations.
Profit before tax was Rs 67.95 crore both before and after exceptional items in the September 2026 quarter. The filing therefore shows no difference between those before-tax measures and the reported after-tax profit, and the newspaper extract gives no separate explanation of tax or exceptional-item effects.
Sequentially, net profit after tax increased by Rs 2.55 crore from Rs 65.40 crore in the quarter ended June 30, 2026. That 3.9% profit increase was lower than the 13.0% rise in total income from operations during the same comparison period.
Total comprehensive income was Rs 67.92 crore in the September 2026 quarter, compared with Rs 12.72 crore in the September 2025 quarter and Rs 65.43 crore in the June 2026 quarter. The measure was therefore Rs 55.20 crore higher year on year and Rs 2.49 crore higher sequentially.
How did Shadowfax perform in the half year ended September 2026?
Shadowfax generated net profit after tax of Rs 133.35 crore for the half year ended September 30, 2026, against Rs 21.03 crore for the half year ended September 30, 2025. The increase was Rs 112.32 crore, taking six-month profit to more than six times the comparable prior-year figure.
Profit before tax was also Rs 133.35 crore before and after exceptional items for the half year ended September 30, 2026, compared with Rs 21.03 crore a year earlier. Total comprehensive income reached Rs 133.35 crore, versus Rs 20.73 crore in the corresponding 2025 period.
The half-year result exceeded the Rs 111.71 crore net profit after tax reported for the full year ended March 31, 2026. Half-year income of Rs 2,937.32 crore was 69.3% of the Rs 4,238.59 crore total income from operations reported for that full year.
Got a follow-up? Ask IRIS
What do Shadowfax’s earnings per share and share capital show?
Shadowfax reported basic earnings per share of Rs 1.16 for the quarter ended September 30, 2026, compared with Rs 0.26 in the September 2025 quarter and Rs 1.11 in the June 2026 quarter. Diluted earnings per share were Rs 1.14, against Rs 0.25 a year earlier and Rs 1.10 in the preceding quarter.
For the half year ended September 30, 2026, basic earnings per share were Rs 2.27 and diluted earnings per share were Rs 2.25. The corresponding figures for the half year ended September 30, 2025 were Rs 0.41 and Rs 0.40, and Shadowfax said earnings per share are not annualised except for the year ended March 31, 2026.
Paid-up equity share capital stood at Rs 586.94 crore at September 30, 2026, compared with Rs 585.08 crore at June 30, 2026 and Rs 151.79 crore at September 30, 2025. The share capital has a face value of Rs 10 per share, while other equity was reported at Rs 1,162.57 crore at March 31, 2026.
Standalone total income from operations was Rs 1,519.53 crore in the September 2026 quarter, below consolidated income of Rs 1,558.14 crore. Standalone net profit after tax was Rs 67.30 crore, compared with consolidated profit of Rs 67.95 crore, leaving differences of Rs 38.61 crore in income and Rs 0.65 crore in profit.
Were Shadowfax’s September 2026 results reviewed?
Shadowfax’s unaudited consolidated results for the quarter and half year ended September 30, 2026 were reviewed by the Audit Committee and approved by the board on October 29, 2026. The statutory auditors conducted a limited review and issued an unmodified review report, according to the filing.
Shadowfax submitted the newspaper publication to the National Stock Exchange of India and BSE Limited on October 30, 2026 under Regulation 47 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015. The filing said the detailed results were available on the stock-exchange websites and Shadowfax’s investor-relations website.
Conclusion
Shadowfax’s September 2026 results show income and reported profit rising from the prior-year quarter and the preceding June 2026 quarter. Total income from operations reached Rs 1,558.14 crore and net profit after tax was Rs 67.95 crore, while six-month income of Rs 2,937.32 crore and profit of Rs 133.35 crore exceeded the comparable 2025 half-year figures.
The filing does not disclose a financial target, operating plan or future scheduled corporate event. The next point to watch is a subsequent financial-results disclosure against the September 30, 2026 base, after the board approved these unaudited results on October 29, 2026 and Shadowfax published them on October 30, 2026.


