SHADOWFAX NSE filing

Shadowfax Q4FY26 Revenue Surges 74% YoY to ₹1,237 Cr; PAT at ₹56 Cr

The RealCase readHigh impact Positive

Shadowfax Technologies Limited reported a 73.6% YoY revenue increase to ₹1,237 crore in Q4 FY26. Total orders grew 100.8% YoY to 22.6 crore. The company posted a PAT of ₹56 crore, a significant turnaround from a loss in the previous year. Adjusted EBITDA margin improved to 4.7%.

Why it matters

The substantial YoY growth in revenue and profitability, coupled with strategic expansion plans in key areas like Quick Commerce and the acquisition of Criticalog, indicates a significant positive impact on the company's financial health and market position.

The market read

The company reported strong year-over-year growth in revenue, total orders, and profitability (PAT), along with significant improvements in Adjusted EBITDA margins. This indicates a positive financial performance and operational efficiency.

Shadowfax Technologies Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company reported a significant revenue growth of 73.6% YoY to ₹1,237 crore in Q4 FY26, up from ₹712 crore in Q4 FY25. For the full fiscal year FY26, revenue stood at ₹4,202 crore, a 69.1% increase from FY25.

The company achieved a total of 22.6 crore customer orders in Q4 FY26, marking a 100.8% YoY growth. Express orders contributed 18.4 crore, with a substantial 129.4% YoY increase, while Hyperlocal orders grew by 29.6% YoY to 4.2 crore.

Adjusted EBITDA for Q4 FY26 was ₹58 crore, a significant increase from ₹5 crore in Q4 FY25, with margins improving by 400 basis points to 4.7%. Profit After Tax (PAT) for the quarter was ₹56 crore, a substantial turnaround from a loss of ₹10 crore in Q4 FY25, with PAT margins at 4.5%.

For the full fiscal year FY26, Adjusted EBITDA was ₹159 crore, a 270 bps YoY improvement to 3.8% margin, and PAT was ₹112 crore, compared to ₹6 crore in FY25. The company also highlighted its strategic initiatives, including expanding its Quick Commerce offerings with a target to open 100 dark stores in FY27, growing its Prime service to 120+ cities, and the full acquisition of Criticalog. Capex intensity is projected to moderate to 2.5-3.5% in FY27, focusing on network, automation, and geographic expansion.

Filing to action

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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.

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Primary source

A plain-language summary of a public exchange filing by Shadowfax Technologies Limited. Read the original for the full detail.

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