Shadowfax Reports Significant Profit Growth in Q2 FY27
Shadowfax, a key player in logistics and delivery services, announced a remarkable five-fold rise in quarterly profit, reaching Rs 68 crore in Q2 FY27. This impressive growth is attributed to an increase in operating revenue and enhanced cost efficiency. The Bengaluru-based company continued its upward trend in the first half of the fiscal year, witnessing a revenue surge of over 56% and a profit growth exceeding six times.
Quarterly Revenue Highlights
In the quarter ending September 2026, Shadowfax achieved a revenue from operations of Rs 1,538 crore, marking a 56.6% increase from Rs 982 crore in the same period the previous year. This information comes from the firm’s unaudited consolidated financial results. Shadowfax specializes in logistics and last-mile delivery services, operationally catering to e-commerce platforms and businesses under a unified business segment.
Expenditure Overview
Employee benefit expenses saw a growth of more than 55%, amounting to Rs 138 crore in Q2 FY27, up from Rs 89 crore in Q2 FY26. Additionally, finance costs more than doubled to Rs 10 crore, while depreciation and amortisation expenses climbed 65.4% to Rs 46.3 crore, reflecting increased costs related to the operating infrastructure.
Most of the company’s expenses were classified under “other expenses,” which represented nearly 87% of total costs, totalling Rs 1,296 crore. These expenses likely encompassed logistics operations and payouts to delivery partners. Overall, Shadowfax’s quarterly expenditure increased by 53.7%, reaching Rs 1,490.2 crore.
Profit and Half-Year Performance
The company’s profit for Q2 FY27 stood at Rs 68 crore, a significant rise compared to Rs 13 crore from the same quarter last year. Profit also experienced a slight increase from Rs 65 crore in the preceding June quarter.
For the first half of FY27, Shadowfax recorded an operating revenue increase of 60.4%, achieving Rs 2,896 crore, compared to H1 FY26. The profit surged to Rs 133.35 crore, up from Rs 21.03 crore.
Financial Position
As of September 2026, Shadowfax reported cash and cash equivalents of Rs 256 crore, down from Rs 284 crore at the end of March. The total assets rose to Rs 3,142 crore, an increase from Rs 2,834 crore during the same period.
As of 2:16 PM today, Shadowfax’s shares were valued at Rs 291.35 per share, resulting in a total market capitalisation of Rs 17,112 crore or approximately $1.8 billion.