Shadowfax Tech swings to profit in FY24 with adjusted PAT at Rs 2 crore

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Shadowfax Tech swings to profit in FY24 with adjusted PAT at Rs 2 crore - Business Standard

Quick Summary:

Third-party logistics provider Shadowfax Technologies on Tuesday said it has recorded an adjusted PAT (profit after tax) of Rs 2 crore in FY24, against a loss of Rs 123.8 crore in the preceding fiscal.

"These services include Prime solutions (same day and next day delivery), reverse logistics, hand-to-hand exchange, and the rapidly expanding quick commerce (10-minute delivery).

Revenue grew 33 per cent from Rs 1,415 crore in FY23 to Rs 1,885 crore in FY24, according to a company statement.