Shadowfax Q3 Results: Net profit surges 440% to Rs 35 crore, shares jump 4%

Shadowfax Q3 Results

• Shadowfax net profit jumped 440 percent YoY to Rs 34.86 crore in Q3 FY26
• Revenue rose 65 percent YoY to Rs 1,159.71 crore, highest ever for the company
• Shares rose over 4 percent after results, now 10 percent above listing price

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Shadowfax Technologies reported a consolidated net profit of Rs 34.86 crore for the October-December quarter of the ongoing financial year 2026 on February 12. This marks a whopping 440 percent year-on-year (YoY) increase from the Rs 6.46 crore net profit reported in the same period of the previous financial year.

The newly-listed company’s revenue from operations meanwhile rose 65 percent YoY to Rs 1,159.71 crore in Q3 FY26 from Rs 700.63 crore in Q3 FY25. This is the highest ever revenue recorded by the company.

Expenses roses 62 percent to Rs 1,131.33 crore during the quarter under review.

Notably, this is the first set of earnings reported by the delivery-major since its debut on stock markets last month.

Shadowfax said that its net profit margin improved to 3 percent in Q3 FY26, from 0.9 percent in Q3 FY25. The company delivered 20.6 crore orders combined in express parcel and hyperlocal segments, with a shipment growth of 61 percent YoY.

Shadowfax share price:

The shares of Shadowfax jumped more than 4 percent to trade at Rs 124.30 apiece after the release of the results.

The shares of Shadowfax Technologies made a weak debut on stock markets on January 28 this year, listing at Rs 112.60 apiece on NSE. This marked a discount of 9.19 percent over the IPO price of Rs 124 apiece.

The weak market debut came despite the IPO of Shadowfax Technologies closing with 1.68 times subscription during its three days of public bidding between January 20 and January 22. Retail individual investors (RII) and qualified institutional buyers (QIB) had booked their respective reserved portion more than 2 times, while non-institutional investors (NII) subscribed 54 percent of their allotted quota.

The stock is currently 10 percent higher than its listing price, but only marginally higher than its IPO price.

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