Summary

Shadowfax Technologies Limited reported a strong performance for Q4 FY26 and the full fiscal year 2026. The company crossed the ₹100 Cr annual PAT milestone, with full-year PAT reaching ₹112 Cr, a significant increase of 1,639% year-over-year. FY26 revenue grew by a robust 69.1% to ₹4,202 Cr, supported by more than doubling adjusted EBITDA to ₹159 Cr with a 3.8% margin. The fourth quarter also saw record highs, with revenue at ₹1,237 Cr, up 73.6% year-over-year, and PAT at ₹56 Cr, expanding margins to 4.5%. The company highlighted consistent growth momentum, structural margin improvement, strong cash generation, and the strategic launch of the Shadowfax 360 platform for SMEs and D2C brands.

Key Highlights

1. 1

   Shadowfax achieved a significant milestone by crossing ₹100 Cr in annual Profit After Tax (PAT), reaching ₹112 Cr for FY26, a substantial increase of 1,639% year-over-year compared to ₹6 Cr in FY25.

2. 2

   Full-year FY26 revenue stood at ₹4,202 Cr, marking a robust 69.1% year-over-year growth, driven by the fulfillment of over 72.6 Cr orders, which grew by 66.4% year-over-year.

3. 3

   Adjusted EBITDA for FY26 more than doubled to ₹159 Cr, reflecting a 227% year-over-year growth and an improved margin of 3.8% (up ~180 bps YoY).

4. 4

   For Q4 FY26, the company reported its highest-ever quarterly revenue of ₹1,237 Cr, surging by 73.6% year-over-year and 6.7% quarter-over-quarter.

5. 5

   Q4 FY26 PAT reached a record ₹56 Cr with a 4.5% margin, representing a 563.5% year-over-year growth and matching the PAT achieved in the preceding nine months of FY26.

6. 6

   The adjusted EBITDA margin for Q4 FY26 expanded significantly to 4.7% (up +400 bps YoY), showcasing strong operating leverage and efficiency gains, marking the 12th consecutive quarter of EBITDA profitability.

7. 7

   Shadowfax launched 'Shadowfax 360', a new self-serve digital shipping platform targeting SMEs and D2C brands, signaling a strategic step toward revenue diversification.