IPO-bound Shadowfax posts 114% net profit surge in H1FY26

Logistics platform Shadowfax’s net profit surged 114% to Rs 21 crore in the first half of FY26 from Rs 9.8 crore reported a year before for the same period, according to the company’s updated draft red herring prospectus (DRHP) document.

The company posted operational revenue of Rs 1,805 crore between April-June of this fiscal year, a 68% surge from Rs 1,072 crore for the same period last year.

The IPO-bound company’s net profit surge comes on the back of strong revenue growth, even as the expenses for the period grew.

Shadowfax filed an updated…