Logistics company Shadowfax reported an over 5X year-on-year (YoY) jump in its net profit for the September quarter (Q2 FY27) to ₹68 Cr from ₹13 Cr in the year-ago quarter. Sequentially, net profit increased 3.9% from ₹65.4 Cr.

Operating revenue for the quarter surged 57% YoY and 13% QoQ to ₹1,537.7 Cr, a new all-time high in terms of quarterly revenue. Including other income of ₹20.4 Cr, total income for the quarter stood at ₹1,558.1 Cr.

The company said this marked its sixth consecutive quarter of revenue growth exceeding 55% YoY, despite the sale season shifting to Q3 FY27.

Meanwhile, total expenses rose 53% YoY to ₹1,490.2 Cr.

Adjusted EBITDA increased 177.4% YoY to ₹77 Cr, with the corresponding margin expanding to 5% from 2.8%.

“We head into the festive peak with more capacity than ever, and with an AI-led optimisation engine planning our national network every day… Shadowfax expects to remain India’s fastest-growing 3PL while delivering industry-leading returns,” cofounder and CEO Abhishek Bansal said.

Founded in 2015 by Abhishek Bansal and Vaibhav Khandelwal, Shadowfax provides last-mile delivery services to ecommerce platforms and D2C brands.

The company listed on the stock exchanges in January this year following its ₹1,907 Cr IPO, which included a ₹1,000 Cr fresh issue alongside an offer for sale.

Hyperlocal Revenue Jumps 88%

Shadowfax’s express parcel vertical contributed ₹1,096 Cr in revenue, up 55.2% YoY and 9.9% sequentially.

Revenue from its hyperlocal business grew 87.7% YoY and 25.7% QoQ to ₹341 Cr. Other logistics services contributed ₹100 Cr, up 6.6% YoY and 12.6% sequentially.

The company delivered a combined 27.1 Cr orders across its express parcel and hyperlocal businesses, up 69.7% YoY and 9.8% from the previous quarter.

Express parcel accounted for 21.7 Cr orders, or about 80% of the total, while hyperlocal contributed 5.4 Cr orders.

Small Seller Platform Expands

Shadowfax said its self-serve shipping platform for small sellers, Shadowfax 360, crossed 6,700 transacting sellers within two quarters of launch. Two-thirds joined directly without a salesperson’s involvement.

The company is also launching micro-fulfilment centres for D2C brands and vertical platforms, aiming to enable deliveries within eight to 12 hours without requiring brands to invest in regional warehouses.

Ahead of the festive season, Shadowfax deployed an in-house AI system to plan routes across its national network. The company said the system replans daily how more than 3,600 trucks connect over 5,500 touchpoints.

Shares of Shadowfax were trading nearly 1.3% higher at ₹294.15 on the BSE at 15:25 IST.