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Logistics and delivery services firm Shadowfax reported a five-fold increase in quarterly profit to Rs 68 crore in Q2 FY27, steered by higher operating revenue and improved cost efficiency. The Bengaluru-based firm also maintained its growth momentum in the first half of the fiscal year, with revenue rising over 56% and profit increasing more than sixfold. Shadowfax’s revenue from operations grew 56.6% to Rs 1,538 crore in the quarter ended September 2026 from Rs 982 crore in the corresponding quarter last year, according to its unaudited consolidated financial results. The company provides logistics and last-mile delivery services to e-commerce platforms and businesses. Its operations cover logistics and delivery services, which it reports under a single business segment. Employee benefit expenses increased over 55% to Rs 138 crore in Q2 FY27 from Rs 89 crore in Q2 FY26. Finance costs more than doubled to Rs 10 crore, while depreciation and amortisation expenses rose 65.4% to Rs 46.3 crore, indicating higher costs associated with its operating infrastructure. Most of Shadowfax’s expenses fell under the “other expenses” category, which accounted for nearly 87% of its total costs at Rs 1,296 crore. These costs likely included logistics operations and delivery partner payouts. Overall, Shadowfax’s quarterly expenditure grew 53.7% to Rs 1,490.2 crore. The company reported a profit of Rs 68 crore in Q2 FY27, compared with Rs 13 crore in the year-ago quarter. Profit also increased marginally from Rs 65 crore in the preceding June quarter. For the first half of FY27, Shadowfax’s operating revenue rose 60.4% to Rs 2,896 crore in H1 FY26. Its profit increased to Rs 133.35 crore from Rs 21.03 crore. As of September 2026, Shadowfax held Rs 256 crore in cash and cash equivalents, compared with Rs 284 crore at the end of March. Total assets increased to Rs 3,142 crore from Rs 2,834 crore during the period. As of 2:16 PM (today), Shadofax’s shares were trading at Rs 291.35 per share, with a total market capitalization of Rs 17,112 crore or $1.8 billion.
document fetched 2026-10-30 02:57