Shadowfax Technologies Q2 Results FY27: PAT Rises 3.9% QoQ to Rs 67.95 Cr, Revenue Rs 1,537.70 Cr

Shadowfax Technologies Ltd (SHADOWFAX) Q2 Results FY27 announced on 29 October 2026, covering the company's financial performance for the July to September quarter. The results date delivered consolidated results with revenue of Rs 1,537.70 Cr and net profit of Rs 67.95 Cr, each compared with the previous quarter. Shadowfax Technologies Q2 Results FY27 are listed under the symbol SHADOWFAX on NSE and BSE, and PAT is measured against Rs 65.40 Cr from the April to June quarter.

This Shadowfax Technologies Q2 Results analysis walks through the financial highlights, the business drivers behind the numbers, the FY27 outlook and the risks to track. Univest has kept the results analysis in a single sequence, so each section picks up where the last one ends, beginning with the Financial Highlights below.

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Shadowfax Technologies Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q1 FY27 (Jun 26)	QoQ Change
Revenue	Rs 1537.7 Cr	Rs 1358.12 Cr	+13.22% QoQ
Operating Profit	Rs 103.79 Cr	Rs 91.77 Cr	+13.1% QoQ
Net Profit (PAT)	Rs 67.95 Cr	Rs 65.4 Cr	+3.9% QoQ

Source: company filing for Shadowfax Technologies Q2 Results FY27, 29 October 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from Shadowfax Technologies Q2 Results: What Stands Out

• Revenue: Revenue rose 13.22% QoQ to Rs 1,537.70 Cr from Rs 1,358.12 Cr in the previous quarter and has risen in each of the last 4 quarters.
• Net profit: Net profit increased 3.9% to Rs 67.95 Cr from Rs 65.40 Cr, a smaller QoQ growth rate than the 13.22% revenue gain.
• Operating Profit: Operating Profit climbed 13.1% to Rs 103.79 Cr from Rs 91.77 Cr, moving almost in step with revenue.
• Debt: The company is almost debt free, with a debt-to-assets ratio of 0.00 in FY26 according to the reported full-year figures.
• Next: Shadowfax Technologies Q2 Results FY27 also show a net profit margin of 4.4%, which the performance analysis weighs against the sequential growth.

Shadowfax Technologies Q2 Results FY27: Performance Analysis

Shadowfax Technologies reported consolidated revenue of Rs 1,537.70 Cr for the July to September 2026 quarter, up 13.22% QoQ, while net profit rose 3.9% to Rs 67.95 Cr. Operating Profit of Rs 103.79 Cr grew 13.1%, so revenue and Operating Profit moved together across the quarterly results.

The results analysis shows that net profit grew more slowly than the other two lines. Net profit QoQ growth of 3.9% trailed revenue growth of 13.22%, and the net profit margin was 4.4% in the latest quarter. Shadowfax Technologies Q2 Results FY27 therefore show higher sales alongside a thin margin, a pattern the reported figures confirm.

Investors following Shadowfax Technologies Q2 Results will also see how the quarter sits in the longer run. Revenue has risen in each of the last 4 quarters, while net profit has ranged from Rs 13.02 Cr to Rs 67.95 Cr over the last 5 quarters. The reported figures confirm what changed but do not establish the specific cause, so the business factors disclosed come next.

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Key Business Factors This Quarter

Revenue growth – The business factors behind Shadowfax Technologies Q2 Results FY27 start with revenue, which grew 13.2% quarter on quarter to Rs 1,537.70 Cr in the latest quarter and has risen in each of the last 4 quarters in these quarterly results.

Net profit – Net profit rose 3.9% quarter on quarter to Rs 67.95 Cr, a gain that arrived with a net profit margin of 4.4% and sits well below the pace of revenue growth recorded over the same period.

Balance sheet – The company is almost debt free, with a debt-to-assets ratio of 0.00 in FY26, which gives readers of the consolidated results a view of debt levels alongside the quarter's profit and sales figures.

FY27 Outlook After Shadowfax Technologies Q2 Results

The FY27 outlook for Shadowfax Technologies depends on the quarters still to come. This results analysis covers only the July to September 2026 period, where net profit stood at Rs 67.95 Cr, and full-year results will depend on how later quarters compare with the Rs 65.40 Cr recorded in the previous one.

Shadowfax Technologies Q2 Results FY27 give investors a second reference point for the year after the April to June quarter, with revenue at Rs 1,537.70 Cr and Operating Profit at Rs 103.79 Cr. The Univest app lets users follow later disclosures, and the risks below show what to track next.

Key Risks to Watch After Shadowfax Technologies Q2 Results FY27

Volatile quarterly profit

Quarterly net profit has been volatile, ranging from Rs 13.02 Cr to Rs 67.95 Cr over the last 5 quarters, so the QoQ growth of 3.9% in this quarter should be read against that wide range.

Return on equity

Return on equity of 11.29% in FY26 is below 15%, and readers of Shadowfax Technologies Q2 Results FY27 should keep that full-year measure in mind alongside the quarterly profit growth.

Thin net profit margin

Net profit margin was thin at 4.4% in the latest quarter, so the margin is worth tracking in the next declared quarter alongside revenue, which has risen in each of the last 4 quarters.

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Conclusion

Shadowfax Technologies Q2 Results FY27 record consolidated revenue of Rs 1,537.70 Cr and net profit of Rs 67.95 Cr, both higher than the previous quarter. Operating Profit also rose 13.1% in these quarterly results, prepared on a consolidated basis. Readers can return to the Shadowfax Technologies Q2 Results analysis above, and should consult a SEBI-registered advisor before acting on any information here.

Frequently Asked Questions on Shadowfax Technologies Q2 Results FY27

What are Shadowfax Technologies Q2 Results FY27?

Ans. Shadowfax Technologies Q2 Results FY27 are the consolidated quarterly results for July to September 2026, showing revenue of Rs 1,537.70 Cr and net profit of Rs 67.95 Cr, as summarised in the Quick Answer near the top.

What is the results date for Shadowfax Technologies Q2 Results FY27?

Ans. 29 October 2026 is the results date for Shadowfax Technologies Q2 Results FY27, and the numbers relate to the July to September quarter, as the opening paragraphs of this article state.

What revenue was reported in Shadowfax Technologies Q2 Results FY27?

Ans. Shadowfax Technologies reported consolidated revenue of Rs 1,537.70 Cr, compared with Rs 1,358.12 Cr in the previous quarter, so the Financial Highlights section shows a 13.22% QoQ increase.

What net profit was reported in Shadowfax Technologies Q2 Results FY27?

Ans. Net profit was Rs 67.95 Cr against Rs 65.40 Cr in the previous quarter, so the Key Takeaways section records QoQ growth of 3.9% for the period.

How much QoQ growth did revenue show in Shadowfax Technologies Q2 Results FY27?

Ans. Revenue showed QoQ growth of 13.22%, moving from Rs 1,358.12 Cr to Rs 1,537.70 Cr, which the Performance Analysis section sets against the slower growth in net profit.

Did net profit rise or fall in Shadowfax Technologies Q2 Results?

Ans. Shadowfax Technologies Q2 Results show net profit rising 3.9% QoQ to Rs 67.95 Cr, while the Key Risks section adds that quarterly net profit has ranged from Rs 13.02 Cr to Rs 67.95 Cr.

What was the Operating Profit in Shadowfax Technologies Q2 Results FY27?

Ans. Operating Profit was Rs 103.79 Cr against Rs 91.77 Cr in the previous quarter, a rise of 13.1%, which the Performance Analysis section places beside revenue and net profit.

Are Shadowfax Technologies Q2 Results consolidated results or standalone results?

Ans. Shadowfax Technologies Q2 Results are reported on a Consolidated basis, so each figure here reflects the consolidated results rather than standalone results, as the Quick Answer and Conclusion both state.

What business factors shaped Shadowfax Technologies Q2 Results FY27?

Ans. Disclosed factors include 13.2% quarterly revenue growth, a 3.9% rise in net profit, revenue rising in each of the last 4 quarters and a debt-to-assets ratio of 0.00, all in the Key Business Factors section.

What are the key risks after Shadowfax Technologies Q2 Results FY27?

Ans. Key risks include volatile quarterly net profit, return on equity of 11.29% in FY26 and a thin net profit margin of 4.4%, as set out in the Key Risks section of this article.

What is the outlook after Shadowfax Technologies Q2 Results?

Ans. Shadowfax Technologies Q2 Results are one reference point for FY27, and full-year results will depend on later quarters, so the Outlook section frames the numbers without adding any guidance.

Where can I find the complete Shadowfax Technologies Q2 Results FY27 data?

Ans. You can find the complete Shadowfax Technologies Q2 Results FY27 data in the Financial Highlights table, and the Univest Screener lets investors place these quarterly results beside those of other listed companies.