Shadowfax profit jumps over 8x to record Rs 65 crore as revenue rises to Rs 1,358 crore in Q1 FY27
Shadowfax Technologies reported Q1 FY27 profit after tax of Rs 65 crore, up from Rs 8 crore a year earlier, marking an over 700% increase and its highest quarterly profit.
Revenue from operations rose 64.9% year-on-year to Rs 1,358 crore in Q1 FY27.
The company handled 24.7 crore express and hyperlocal orders in the quarter, an increase of 83.3% year-on-year.
Express delivery revenue grew 87.3% to Rs 997 crore, while hyperlocal revenue grew 53% to Rs 272 crore.
Shadowfax expanded its dark-store network to 47 locations from 15 in the previous quarter, and is targeting nationwide pin-code coverage by FY27-28.
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