Shadowfax Jumps 17% To Hit A Record High On Strong Q4 Performance
India, May 15 -- Shares of logistics major Shadowfax soared as much as 17.2% to hit an all-time high at Rs.192.35 on the BSE during the intraday trading today after it reported strong Q4 numbers.
However, the stock saw profitbooking later in the day and was trading 9% higher at Rs.178.8 apiece at 11:15 IST. The company's market capitalisation stood at Rs.10,458 Cr (about $1Bn).
Yesterday, the logistics major reported a net profit of Rs.55.8 Cr in Q4 FY26 as against a net loss of Rs.9.9 Cr in the corresponding quarter last year. Sequentially, profit rose 59.9% from Rs.34.9 Cr.
The company swung to the black YoY on the back of growing scale, AI-led automation, focus on vertical marketplaces, improving margins and rising market share.
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