Shadowfax Technologies has delivered a strong financial performance for the first quarter of fiscal year 2027. The logistics and last-mile delivery company reported a 65% year-on-year jump in its operating revenue.
During the quarter, the company’s profit surged more than eightfold. It climbed to Rs 65 crore, compared to Rs 8 crore in the same period last year.
Financial Breakdown and Revenue Growth
According to financial statements sourced from the NSE, Shadowfax recorded Rs 1,358 crore in operating revenue for Q1 FY27. This is a significant increase from the Rs 824 crore reported in the year-ago quarter. The firm also brought in Rs 21 crore in other income.
These figures brought the company’s total income for the quarter to Rs 1,379 crore. On a sequential basis, this represents a 10% increase from the Rs 1,253 crore reported in the fourth quarter of fiscal year 2026.
The company continues to serve a wide range of clients, including ecommerce marketplaces, D2C brands, and quick commerce platforms.
Operational Costs and Market Competition
Shadowfax operates in a crowded market, competing with rivals such as Delhivery, XpressBees, Ecom Express, and Ekart.
To support its operations, the company’s total expenditure rose 60% year-on-year to Rs 1,314 crore. While the firm did not provide a detailed breakdown of these expenses, some specific cost increases were disclosed.
Employee benefit expenses grew 49% compared to the previous year, reaching Rs 124 crore. Additionally, depreciation and amortisation expenses climbed 82% to Rs 40 crore.
Market Valuation
Investor sentiment also strengthened following the financial results, with the company’s share price rising around 8% to approximately Rs 237. At that level, Shadowfax’s market capitalization reached about Rs 13,848 crore, or roughly $1.45 billion.
