Shadowfax clocks Rs 1,538 cr revenue in Q2, profit rises 5x
Shadowfax saw its operating revenue rise to Rs 1,537.7 crore in the July-September quarter, driven largely by its express parcel business. The company, which listed on stock exchanges in January, continues to compete in the last-mile and hyperlocal delivery markets against rivals like Delhivery and eKart.
Key points
- Operating revenue grew 57% YoY to Rs 1,537.7 crore
- Net profit increased more than fivefold to Rs 68 crore
- Express parcel business contributes 71% of total revenue
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