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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Shadowfax Technologies Ltd

Shadowfax Q2 FY27 Revenue Crosses ₹1,500 Cr, PAT up 421.9%

RESULTS ▲ Positive Development LOW RISK
📅 Filed on BSE: 29 Oct 2026, 02:20 PM IST  ·  BSE ID: 03a4f21c-23a7-4497-bff7-cd34ae090b3a
View Original BSE Filing (PDF)
💡
In Simple Terms
Shadowfax, a logistics company, reported strong financial growth with over ₹1,500 Cr quarterly revenue and significant profit increase.
🤖 AI Summary
  • Shadowfax reported Q2 FY27 revenue of ₹1,538 Cr, achieving 56.6% YoY growth.
  • Profit After Tax (PAT) reached ₹68 Cr in Q2 FY27, growing 421.9% YoY.
  • Adjusted EBITDA margin expanded to 5.0% (₹77 Cr), a 220 bps improvement YoY.
  • Total orders delivered were 27.1 Cr in Q2 FY27, up 69.7% YoY.
  • The company maintained its sixth consecutive quarter of 55%+ revenue growth.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue (₹ Cr)
1,538
56.6%
Orders (Cr)
27.1
69.7%
Ind AS EBITDA (₹ Cr)
104
164.8%
Ind AS EBITDA Margin
6.7%
+276 bps
Adj. EBITDA (₹ Cr)
77
177.4%
Adj. EBITDA Margin
5.0%
+218 bps
Net Profit (₹ Cr)
68
421.9%
Net Profit Margin
4.4%
+309 bps
🏢 How This Affects the Company
📈
Business Impact
The company crossed ₹1,500 Cr in quarterly revenue, marking its best-ever quarter and sixth consecutive quarter of 55%+ revenue growth, driven by 69.7% YoY order volume increase across express parcel and hyperlocal segments. The launch of micro-fulfilment centers for D2C brands and an AI-led network optimization engine aim to enhance service speed and operational efficiency.
💰
Financial Impact
Adjusted EBITDA margin expanded to 5.0% (₹77 Cr) and PAT margin increased to 4.4% (₹68 Cr), indicating improved profitability despite absorbing higher costs in preparation for the Q3 sale season. Ind AS EBITDA margin also improved to 6.7% (₹104 Cr), reflecting better operational leverage.
⚙️
Operational Impact
Operational capacity has increased, delivering 27.1 Cr orders and crossing an annualized run rate of 100 Cr orders. The deployment of an in-house AI engine for dynamic national network planning and the launch of micro-fulfilment centers aim to improve vehicle utilization, lower costs, and speed up deliveries across 120+ cities. Shadowfax 360, the self-serve platform, has scaled to 6,700+ transacting sellers.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders based on this financial results press release.
👤
Who Is Affected
Shareholders are indirectly affected by the company's financial performance, as reported Q2 FY27 revenue of ₹1,538 Cr and PAT of ₹68 Cr reflect business growth.
🔍
Management Signal
Management signals a focus on sustained high growth, margin expansion, and leveraging technology (AI, micro-fulfilment centers) to enhance speed and efficiency in logistics operations.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check if revenue growth and margin expansion sustain.
Updates on micro-fulfilment center network expansion across more cities.
Progress reports on the AI-led network optimization engine's impact on costs.
LOW RISK The filing indicates strong financial performance and operational improvements.
💡 Investor Takeaway
Shadowfax's Q2 FY27 consolidated revenue reached ₹1,538 Cr, up 56.6% YoY, while Profit After Tax (PAT) surged 421.9% YoY to ₹68 Cr. Adjusted EBITDA margin expanded to 5.0% (₹77 Cr), indicating improved profitability.
⚖️ Strengths & Concerns

✅ Positives

  • Revenue grew 56.6% YoY to ₹1,538 Cr in Q2 FY27, marking the sixth consecutive quarter of 55%+ growth.
  • Net Profit (PAT) increased 421.9% YoY to ₹68 Cr, with Adjusted EBITDA growing 177.4% YoY to ₹77 Cr.
📅 Company Track Record
Shadowfax Technologies Ltd reported Q1 FY27 revenue of ₹1,358.12 Crores, up 64.91% YoY, and PAT of ₹65.40 Crores, up 715.46% YoY. In Q2 FY27, revenue continued to grow to ₹1,537.70 crore, with PAT reaching ₹67.95 crore, indicating consistent growth trends. The company was founded in 2015.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Shadowfax's revenue in Q2 FY27?
Shadowfax reported a revenue of ₹1,538 Cr for the quarter ended September 30, 2026 (Q2 FY27).
What was Shadowfax's Net Profit in Q2 FY27?
Shadowfax's Net Profit (PAT) for Q2 FY27 was ₹68 Cr.
How much did Shadowfax's revenue grow year-over-year in Q2 FY27?
Shadowfax's revenue grew by 56.6% year-over-year in Q2 FY27, reaching ₹1,538 Cr from ₹982 Cr in Q2 FY26.
What was Shadowfax's Adjusted EBITDA margin in Q2 FY27?
The Adjusted EBITDA margin for Shadowfax in Q2 FY27 was 5.0% (₹77 Cr).
How many orders did Shadowfax deliver in Q2 FY27?
Shadowfax delivered 27.1 Cr orders combined in express parcel and hyperlocal segments during Q2 FY27.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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