Shadowfax Reports 8X Profit Jump, Revenue Surpasses INR 1,300 Crore in Q1
Logistics firm Shadowfax announced an eightfold increase in its net profit for the first quarter of FY27, reaching INR 65.4 Crore. The company's revenue also crossed the INR 1,300 Crore mark.
Logistics major Shadowfax has reported a substantial surge in its financial performance for the first quarter of Fiscal Year 2027 (Q1 FY27). The company announced a consolidated net profit after tax (PAT) of INR 65.4 Crore, an increase of eight times from INR 8 Crore recorded in Q1 FY26. Sequentially, the PAT saw a 17% rise from INR 55.8 Crore in the previous quarter.
Operating revenue for the quarter ending June 2026 experienced a significant year-over-year growth of 65%, reaching INR 1,358.1 Crore. On a quarter-over-quarter basis, revenue grew by 10%. Including other income of INR 21.1 Crore, Shadowfax's total income for the period stood at INR 1,379.2 Crore.
Total expenditure during the same quarter rose by 60% year-over-year to INR 1,313.8 Crore. This performance highlights Shadowfax's expanding market presence and operational efficiency within India's rapidly growing logistics sector, further fueled by e-commerce expansion.
The company's ability to scale its operations while managing costs points to its strategic positioning in a competitive market. Shadowfax has been investing in technology and network expansion to meet increasing delivery demands across the country.