Shadowfax Crosses ₹100 Cr Annual PAT Milestone; FY26 Revenue at ₹4,202 Cr (+69% YoY), Q4 Revenue Surges 74% YoY to ₹1,237 Cr with Adj. EBITDA Margin Expanding to 4.7%

New Delhi : Shadowfax, India’s fastest growing 3PL company of scale, announced its Q4 FY26 and full year FY26 audited performance.

During the year, the company fulfilled over 72 crore customer orders, while revenue crossed ₹4200 crores, reflecting a strong 69% YoY growth. Adjusted EBITDA stood at ₹159 crores, which more than doubled compared to FY25, underscoring the strength of the company’s operating leverage and execution capabilities. Profit after tax (PAT) for the year came in at ₹112 crores, a significant increase from ₹6 crores in FY25, marking a sharp improvement in overall profitability.

Q4 FY26 Highlights │ Record revenue growth, consistent margin expansion & ₹56 Cr PAT in Q4 FY26

Achieved highest ever quarterly revenue of ₹1,237 Cr with a growth of 73.6% YoY and 6.7% QoQ; supported by strong volume growth across service lines:

• Delivered 22.6 Cr orders combined in express parcel and hyperlocal with a shipment growth of 100.8% YoY and 10.0% QoQ
• Express Parcel revenue grew at 121% YoY and Hyperlocal revenue grew at 32% YoY
• IndAS EBITDA at ₹81 Cr (6.6% margin, 572% YoY growth), ~490 bps improvement YoY, 12^th consecutive quarter of EBITDA profitability
• Adjusted EBITDA at ₹58 Cr (4.7% margin, 1,051% YoY growth), ~400 bps improvement YoY on account of strong operating leverage and efficiency gains
• PAT at ₹56 Cr (4.5% margin, 564% YoY growth), ~590 bps improvement YoY, highest in company history, matching 9M FY26 PAT in a single quarter

Metric	Q4 FY26	Q4 FY25	YoY Growth	QoQ Growth
Revenue (₹ Cr)	1,237	712	73.6%	6.7%
Orders (Cr)	22.6	11.3	100.8%	10.0%
Ind AS EBITDA (₹ Cr)	81	12	571.7%	22.0%
Ind AS EBITDA Margin	6.6%	1.7%	+490 bps	+80 bps
Adj. EBITDA (₹ Cr)	58	5	1,051%	17.8%
Adj. EBITDA Margin	4.7%	0.7%	+400 bps	+40 bps
Net Profit (₹ Cr)	56	-10	563.5%	60.1%
Net Profit Margin	4.5%	-1.4%	+590 bps	+150 bps

FY26 Full Year Highlights │ Inflection year — Crossed ₹100 Cr PAT milestone , growth outpacing the market at scale, exceptional market share gains

• Delivered 72.6 Cr orders in FY26 with a shipment growth of 66.4% YoY
• Revenue for FY26 stands at ₹4,202 Cr, with a record revenue growth of 69.1% YoY
• Ind AS EBITDA for FY26 stands at ₹212 Cr | 5.0% margin | 277% YoY growth, ~270 bps improvement YoY
• Adjusted EBITDA at ₹159 Cr | 3.8% margin | 227% YoY growth, ~180 bps improvement YoY
• Net profit for FY26 at ₹112 Cr, up 1,639% YoY
• Net Cash Flow from Operating Activities of ₹350 Cr for FY26
• The Company’s FY26 performance demonstrates consistent growth momentum alongside structural margin improvement and strong cash generation

Shadowfax 360 Enterprise-grade logistics, now accessible to every SME and D2C brand (Website: https://shadowfax360.in)

• Launched Shadowfax 360, a self-serve digital shipping platform for SMEs and D2C brands with access to 15,000+ pin codes, flat-rate billing, and AI-driven RTO prediction
• Platform enables new customer acquisition at scale with no minimum order requirements, expanding the merchant base beyond enterprise and marketplace relationships
• Marks a strategic step toward revenue diversification, targeting online-first SMEs and D2C brands transitioning to owned-channel commerce

Strengthening National Infrastructure Network capacity expanded and automated, infrastructure scaled to support the next phase of growth

• Launched OneNCR, our largest automated sortation center with 2.1 lakh sq. feet of operations space and processing capacity of 48,000 shipments per hour
• Expanded reach to 15,656 pin codes. With facilities now spread across 4,778 touchpoints spanning over 47 lakhs square feet of operating space, connected by 3,500+ trucks on a daily basis.
• Invested ₹185 Cr during FY26, in expanding network, automation of sort centers, capacity enhancement and automation.
• The result is a network that is faster, more reliable and scalable, purpose-built to capture the demand that lies ahead

Commenting on the company’s performance, Abhishek Bansal, cofounder and CEO of Shadowfax, said, “FY26 has been a defining year for the company as we strengthened the business across scale, profitability, and infrastructure. While the year marked our successful transition into a publicly listed company, it was equally important in terms of building long-term operational capacity for future growth.

During the year, we invested ₹185 crores in capex, primarily into sort centers, automation and last-mile infrastructure. Q4 was also the strongest quarter in the company’s history across revenue, EBITDA, and PAT, giving us strong momentum as we enter the next phase of growth.”