Summary

Shadowfax, India’s fastest growing 3PL company of scale, announced its Q3 FY26 performance, its first quarter results as a public listed company. The company achieved highest ever quarterly revenue of 21,160 Cr with a growth of 65.5% YoY and 18.1% QoQ. IndAS EBITDA at 66 Cr (5.7% margin, 219% YoY growth), 270 bps improvement YoY, 11th consecutive quarter of EBITDA profitability. Adjusted EBITDA at 49 Cr (4.3% margin, 175% YoY growth), 170 bps improvement YoY on account of strong operating leverage and efficiency gains. PAT at 35 Cr (3.0% margin, 441% YoY growth), 210 bps improvement YoY, highest in company history so far.

Key Highlights

1. 1

   Record revenue growth, accelerated market share gains & strong margin expansion

2. 2

   Achieved highest ever quarterly revenue of 21,160 Cr with a growth of 65.5% YoY and 18.1% QoQ

3. 3

   Delivered 20.6 Cr orders combined in express parcel and hyperlocal with a shipment growth of 61% YoY and 28.7% QoQ

4. 4

   Express Parcel revenue grew at 72% YoY and Hyperlocal revenue grew at 43% YoY

5. 5

   IndAS EBITDA at 66 Cr (5.7% margin, 219% YoY growth), 270 bps improvement YoY

6. 6

   Adjusted EBITDA at 49 Cr (4.3% margin, 175% YoY growth), 170 bps improvement YoY

7. 7

   PAT at 35 Cr (3.0% margin, 441% YoY growth), 210 bps improvement YoY, highest in company history so far