Shadowfax crosses ₹100 crore PAT milestone with ₹4,202 crore revenue

Bengaluru-based third-party logistics company Shadowfax has announced its audited financial results for the fourth quarter and the full fiscal year ended March 31, 2026. The performance reports showcase a major inflection year for the platform, which officially crossed the ₹100 crore milestone in annual Profit After Tax (PAT). The provider reported a strong 69.1% year-on-year increase in its full-year revenue, reaching ₹4,202 crore compared to the previous fiscal year.

The logistics firm successfully handled more than 72.6 crore customer orders during the fiscal year 2026, registering an annual shipment volume growth of 66.4%. This massive surge in business translated into an Adjusted EBITDA of ₹159 crore, more than doubling from the figures achieved in the previous fiscal year. This growth underscores the strength of the company's operating leverage and network execution capabilities. The net profit for the entire fiscal year came in at ₹112 crore, representing a monumental 1,639% increase from the ₹6 crore recorded in the prior year. Additionally, Shadowfax reported a healthy Net Cash Flow from Operating Activities of ₹350 crore for the full year.

The fourth quarter of the fiscal year alone brought in record-breaking results, marking the highest-ever quarterly revenue in the history of the company. Fourth quarter revenue stood at ₹1,237 crore, growing 73.6% year-on-year and 6.7% quarter-on-quarter. The period recorded 22.6 crore combined express parcel and hyperlocal orders, achieving an order shipment growth of 100.8% year-on-year. In terms of segments, Express Parcel revenue led the charge with a 121% year-on-year growth, while Hyperlocal revenue registered a 32% year-on-year increase. Fourth quarter PAT stood at ₹56 crore, which effectively matched the company's total net profit from the first nine months of the fiscal year combined.

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 centres, 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."

To sustain this growth trajectory and diversify its revenue streams, the third-party logistics player invested ₹185 crore into infrastructure expansion and automated systems during the fiscal year. A major development included the launch of OneNCR, which stands as its largest automated sortation hub, featuring 2.1 lakh square feet of operating area and a high-speed processing capability of 48,000 shipments per hour. The overall logistics infrastructure now spreads across 4,778 touchpoints spanning over 47 lakh square feet, daily connected by more than 3,500 trucks. With this network extension, the brand now covers 15,656 pin codes across India.

The logistics firm also launched Shadowfax 360, a self-serve digital shipping application specifically created for small and medium enterprises and direct-to-consumer brands. The application offers flat-rate billing and artificial intelligence-driven return-to-origin predictions with no minimum order limits. This rollout expands its market reach to online-first businesses migrating toward owned-channel commerce platforms.