Shadowfax Technologies Limited has informed the Exchange about Transcript of Earnings Conference call for Q4 FY26 held on May 14, 2026
SHADOWFAX · price
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Shadowfax reported record Q4 FY26 performance with 22+ crore orders, INR 1,237 crore revenue (74% YoY growth), and its most profitable quarter ever with PAT of INR 56 crore at 4.5% margin. Full year FY26 delivered INR 4,200+ crore revenue (69% YoY growth), Adjusted EBITDA of INR 159 crore (3x vs FY25), and PAT of INR 112 crore (first INR 100+ crore PAT year). The company outlined five growth strategies: D2C/SME expansion (grew 2.5x in FY26 with 15-20% higher pricing vs enterprise), large shipment capability (growing 3-4x vs FY25, targeting 10,000 pin codes in FY27), pin code expansion (reaching 17,000 by FY27 from 15,600 currently), vertical quick commerce via 100 new dark stores, and CriticaLog integration. Management guided 27-30% overall business growth for FY27 with hyperlocal growing 45-50% YoY. Capex guidance for FY27 is INR 180-190 crore (flat vs FY26). Dark stores currently generate INR 8-15 lakh revenue per store per month with ~20% gross margins and take 3-4 months to break even. The company works with Amazon Now on quick commerce and multiple vertical quick commerce platforms.
Shadowfax is delivering accelerating profitability with margin expansion while aggressively expanding infrastructure and coverage. The management provided clear multi-year margin trajectory guidance (100-120 bps annual improvement till FY28, aiming for early double-digit EBITDA steady-state) and demonstrated strong operational confidence across D2C, quick commerce, and large shipment growth vectors.