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3 min read | Updated on July 31, 2026, 13:31 IST
SUMMARY
Shadowfax said that this represents its fifth straight quarter of revenue growth exceeding 60%, with both growth and margins now compounding together.
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The recently listed firm’s revenue from operations grew 65% YoY to ₹1,358 crore during the quarter under review. | Image: shadowfax.in
The recently listed firm’s revenue from operations grew 65% year-on-year (YoY) to ₹1,358 crore during the quarter under review as against ₹823 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26).
Shadowfax said that this represents its fifth straight quarter of revenue growth exceeding 60%, with both growth and margins now compounding together.
At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, stood at ₹92 crore in Q1 FY27 as compared to ₹25 crore in the year-ago period.
The EBITDA margin expanded to 6.77% in the reporting quarter, in contrast to 2.98% in Q1 FY26.
Commenting on the earnings, Shadowfax Co-founder and CEO Abhishek Bansal said, "Q1 has been our best quarter yet—the most profitable in our history, with sequential growth sharper than in Q4 and growth momentum still building.”
The Bengaluru-based company said it has delivered its strongest quarter to date, achieving record revenue, margins and profitability in a challenging operating environment.
Shadowfax reported delivering a combined 24.7 crore orders across its express parcel and hyperlocal segments, with shipment growth continuing to outpace the broader market at scale. The company’s express parcel segment recorded revenue growth of 87.3% YoY and 7.9% quarter-on-quarter (QoQ), while the hyperlocal segment grew 53.0% annually and 17.0% sequentially.
“We added more capacity and opened more pin codes than in any quarter in our history, taking our operating space to 53 lakh square feet. That capacity is already in place for the quarters ahead. From here, we scale it—deeper into Bharat, faster on service and stronger on margins,” said Bansal.
Founded in 2015, Shadowfax is a new-age, technology-led, third-party logistics company and leverages technology to facilitate digital commerce in India.
Following the earnings, the stock rallied 12% to hit a 52-week high of ₹246.80 apiece. At 1:20 PM, Shadowfax Technologies shares were trading at ₹2329.49 apiece on the National Stock Exchange, gaining 8.78%.
Over a month’s time, the stock has surged 6%, while for a three-month period it has climbed 45%.
Shares of logistics solutions provider were listed on January 28, 2026, at ₹112.60 apiece on NSE, reflecting a discount of 9.19% against the issue price of ₹124. The company’s initial share sale had sought to raise ₹1,907.27 crore through the fresh issuance of shares worth ₹1,000 crore and an offer for sale (OFS) component of ₹907.27 crore.
The IPO was booked 2.72 times, with bids for 24,23,88,360 shares compared to 8,90,88,807 equity shares on offer, as per the stock exchanges data.
According to NSE data, as of July 31, 2026, Shadowfax Technologies has a total market capitalisation of ₹14,026.29 crore.
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