Shadowfax Q3 FY26 Revenue Surges 65.5% to ₹1,160 Cr; Adj. EBITDA Grows 175% YoY
Shadowfax reported Q3 FY26 revenue of ₹1,160 Cr, up 65.5% YoY. Adjusted EBITDA grew 175% YoY to ₹49 Cr. PAT increased 441% YoY to ₹35 Cr. For 9M FY26, revenue reached ₹2,965 Cr (up 67.3% YoY) and net profit was ₹56 Cr (up 243% YoY). The company invested ₹140 Cr in network expansion.
The announcement details substantial financial growth and strategic investments, which are material factors for investors and stakeholders, indicating a significant positive development for the company.
The company reported significant year-on-year growth in revenue, EBITDA, and net profit, along with strong order volume growth and margin expansion. Investments in infrastructure also position the company for future growth.
Shadowfax Technologies Limited announced its unaudited financial results for the quarter and nine-months ended December 31, 2025. The company reported a record quarterly revenue of ₹1,160 crore, marking a significant year-on-year (YoY) growth of 65.5% and a quarter-on-quarter (QoQ) growth of 18.1%. This performance was driven by strong volume growth across its service lines, with a combined delivery of 20.6 crore orders in express parcel and hyperlocal services, representing a 61% YoY and 28.7% QoQ shipment growth.
Express Parcel revenue saw a YoY increase of 72%, while Hyperlocal revenue grew by 43% YoY. The company achieved an IndAS EBITDA of ₹66 crore (5.7% margin), with a 219% YoY growth, marking its 11th consecutive quarter of EBITDA profitability. Adjusted EBITDA stood at ₹49 crore (4.3% margin), a 175% YoY increase, attributed to operating leverage and efficiency gains. Profit After Tax (PAT) reached ₹35 crore (3.0% margin), showing a substantial 441% YoY growth and representing the highest in the company's history.
For the nine months ended December 31, 2025, Shadowfax delivered 50 crore orders, with a shipment growth of 54.4% YoY. Revenue for this period was ₹2,965 crore, a 67.3% YoY increase. IndAS EBITDA for the nine months was ₹131 crore (4.4% margin), and Adjusted EBITDA was ₹101 crore (3.4% margin). Net profit for the nine months stood at ₹56 crore, up 243% YoY, with a Free Cash Flow (FCF) of ₹61 crore despite significant capital expenditure.
The company continued to invest in its national infrastructure, expanding its reach to 15,166 pin codes with 4,519 touchpoints and over 45 lakh square feet of operating space. Investments totaling ₹140 crore were made during the nine-month period towards network expansion, automation, geographic presence, and new technology deployment, positioning Shadowfax for future growth.
What to do with a filing like this
Shadowfax Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Shadowfax Technologies Limited. Read the original for the full detail.