Shadowfax Technologies

Shadowfax delivered a record Q4 FY26 with revenue of ₹1,237 croreCurrent reported value: ₹1,237 crore. No comparable prior figure is available in the source record. (+74Current reported value: 74. No comparable prior figure is available in the source record.% YoY) and adjusted EBITDA margin of 4.7%Current reported value: 4.7%. No comparable prior figure is available in the source record. (+40bps QoQ). PAT reached ₹56 croreCurrent reported value: ₹56 crore. No comparable prior figure is available in the source record. (4.5% margin). Full-year revenue crossed ₹4,200 croreCurrent reported value: ₹4,200 crore. No comparable prior figure is available in the source record. (+69% YoY) with PAT of ₹112 crore vs ₹6 crore last year. Growth was broad-based across express parcel (75% of revenue), hyperlocal (+50% YoY), and D2C (2.5x YoY). Management guided for 27-30% overall revenue growth in FY27, with hyperlocal growing 45-50%. EBITDA margin is expected to improve 100Current 100. Reported change: +85 from current 15.-120bps annually through FY28, accelerating to 200-250bps post-FY28. Key strategic initiatives include scaling D2C via Shadowfax 360, expanding large shipment capabilities to 10,000 pincodes, and setting up 100 dark stores for vertical quick commerce. Capex for FY27 is guided at ₹180-190 crore, similar to FY26. Risk: Loss/damage shipments remain elevated at 6.1% of revenue, though management expects improvement through technology investments.