Shadowfax Q2 FY27: Revenue Soars 57% YoY to ₹1,538 Cr, Adj. EBITDA Jumps 177%
Shadowfax Technologies reported Q2 FY27 revenue of ₹1,538 crore, up 57% YoY. Total orders grew 70% to 27.1 crore. Adjusted EBITDA surged 177% to ₹77 crore, with margins at 5.0%. PAT rose 422% to ₹68 crore. The company highlighted strong growth in Express and Hyperlocal segments, alongside network expansion and strategic investments.
The announcement details significant financial growth and operational expansion, including substantial increases in revenue and profitability, and strategic investments. This kind of comprehensive positive financial update is likely to have a high impact on investor perception and the company's stock.
The company reported strong year-on-year growth in revenue, orders, EBITDA, and PAT, indicating a positive financial performance. Significant improvements in margins and operational metrics further support a positive sentiment.
Shadowfax Technologies Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a significant 57% year-on-year (YoY) revenue growth, reaching ₹1,538 crore for Q2 FY27, compared to ₹982 crore in Q2 FY26. This growth was driven by a 69.7% increase in total orders to 27.1 crore.
The Express segment revenue grew by 55.2% YoY to ₹1,096 crore, while the Hyperlocal segment saw a substantial 87.7% YoY increase to ₹341 crore. Adjusted EBITDA surged by 177.4% YoY to ₹77 crore, with the Adjusted EBITDA margin improving to 5.0% from 2.8% in the previous year. Profit After Tax (PAT) also showed strong growth, increasing by 421.9% YoY to ₹68 crore, with a PAT margin of 4.4%.
For the half-year ended September 30, 2026 (H1 FY27), revenue reached ₹2,896 crore, a 60.4% YoY increase. Adjusted EBITDA for H1 FY27 was ₹144 crore, a 319% YoY rise, and PAT was ₹133 crore, a 6.8% margin. The company highlighted its expanding network, with 3.8 lakh unique transacting delivery partners and a mid-mile footprint of 34 lakh sq ft.
Shadowfax emphasized its market leadership in various segments, including quick commerce deliveries, reverse pick-up shipments, and same-day delivery services. The company is investing in capacity expansion and automation, with capital expenditure of approximately ₹108 crore in H1 FY27. Strategic outlook includes scaling four growth engines: Quick Commerce & Dark Stores, Prime – D2C, SMEs & Shadowfax 360, and Prime Large, focusing on speed, value, and versatility.
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