Industrials
Shadowfax Technologies Limited (shadowfax) Q1 FY27: 65% Yoy Revenue Growth, ₹1,358 Cr Revenue
Shadowfax Technologies Limited (SHADOWFAX) reports 65% YoY revenue growth in Q1 FY27, achieving ₹1,358 Cr revenue and a record PAT of ₹65 Cr.
Shadowfax Technologies Limited (NSE: SHADOWFAX) announced its Q1 FY27 performance, marking its strongest quarter to date with record revenue, margins, and profitability. Revenue grew 64.9% year-over-year to ₹1,358 Cr, Adjusted EBITDA margin expanded to 4.9%, and PAT reached an all-time high of ₹65 Cr. This marks the fifth consecutive quarter of 60%+ revenue growth, with growth and margins now compounding together.
Q1 FY27 Highlights
Q1 sets the trajectory for another high-growth year after an exceptional FY26. The company achieved the highest ever quarterly revenue of ₹1,358 Cr with a growth of 64.9% YoY and 9.8% QoQ, with sequential growth accelerating over Q4 FY26:
Key Metrics
• Delivered 24.7 Cr orders combined in express parcel and hyperlocal with shipment growth outpacing the market at scale.
• Express Parcel revenue grew 87.3% YoY and 7.9% QoQ and Hyperlocal revenue grew 53.0% YoY and 17.0% QoQ.
• Ind AS EBITDA at ₹92 Cr (6.8% margin, 267% YoY growth), ~370 bps improvement YoY.
• Adjusted EBITDA at ₹67 Cr (4.9% margin, 181% YoY growth), ~200 bps improvement YoY while absorbing fuel and wage inflation alongside significant geographic expansion.
• PAT at ₹65 Cr (4.8% margin, 716% YoY growth), ~380 bps improvement YoY, the highest quarterly PAT in company history.
Technology and Expansion
Shadowfax 360, recently launched as a self-serve digital shipping platform for SMEs, is compounding week on week with 1,200+ transacting SMEs in Q1 FY27. Delivery Partner Buddy, an AI copilot for delivery partners, now handles ~16,000 rider conversations a day, with ~97% resolved without human intervention. Vision AI at pickup is catching ~40% of mismatched reverse pickups at the customer doorstep before they become losses, at ~35x lower inference cost than a frontier model.
Investing today for tomorrow’s growth, Shadowfax reached 16,372 pin codes this quarter – the largest pin code addition in our history, at almost eight new pin codes a day. With 5,095 touchpoints and more than 53 lakh square feet of operating space, Shadowfax now reaches deeper into Bharat’s towns and villages than ever before. The result is a network that is faster, more reliable and more scalable – built ahead of demand and ready today to serve peak-season volumes and the next wave of category growth.
Commenting on the company’s performance, Abhishek Bansal, Co-founder and CEO of Shadowfax, said: “Q1 has been our best quarter yet – the most profitable in our history, with sequential growth sharper than in Q4 and growth momentum still building. And we delivered all of this while stepping on the accelerator. We added more capacity and opened more pin codes than in any quarter in our history, taking our operating space to 53 lakh square feet. That capacity is already in place for the quarters ahead. From here, we scale it – deeper into Bharat, faster on service and stronger on margins. We are building one of India’s largest and most impactful logistics companies, and the best of that story is still ahead of us.”
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Shadowfax Technologies Limited
Shadowfax Technologies Limited belongs to the Industrials › Integrated Freight & Logistics sector. Here’s a quick read on where the business and the stock stand today.
Shadowfax gains 32.8% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. Sellers drive 4.0x the volume of buyers. Furthermore, they controlled 17 of recent sessions versus 13 for buyers — a clear distribution signal. Revenue grows at 43.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Shadowfax Technologies Limited.
Industrials
Updater Services Limited (UDS) Reports Strong H1 FY27 Financials: Revenue Up 10%, PAT Rises 28%
Updater Services Limited (UDS) reveals robust H1 FY27 results with a 10% revenue increase and a 28% surge in PAT.
Updater Services Limited (UDS) has reported impressive financial results for the first half of FY27, showcasing a robust performance across various segments. The company’s revenue for H1 FY27 stood at ₹15,765 million, marking a 10% increase from the same period last year. This growth was driven by strategic initiatives and a diversified client base.
Key Financial Highlights
The company’s Profit After Tax (PAT) for H1 FY27 surged by 28% to ₹624 million, while the Earnings Per Share (EPS) rose to ₹4.82 from ₹2.96 in H1 FY26. The EBITDA margin improved by 40 basis points to 5.4%, reflecting the company’s efficient cost management and operational efficiencies.
Segment Performance
The Industrial and Financial Management (IFM) segment delivered its highest-ever quarterly revenue of ₹5,597 million in Q2, up 11% year-on-year. This growth was attributed to 11 new logos in H1, strategic contracts, and a larger share of spend from existing accounts. The Business Services Segment (BSS) also performed well, with sustained margins and zero client attrition.
Looking Ahead
Updater Services Limited remains optimistic about its future growth trajectory. The company plans to leverage technology and AI-led solutions to further enhance efficiency and scalability. With a strong focus on customer retention and strategic expansion, UDS is well-positioned to achieve its long-term goals.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Updater Services Limited
Updater Services Limited belongs to the Industrials › Specialty Business Services sector. Here’s a quick read on where the business and the stock stand today.
Updater rises 13.3% over three months, with buying pressure holding steady. The PEG of 0.50 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Buyers show up with 1.6x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 11.9%, profits at 33.8%, and the PEG sits at 0.50 — below its growth rate. That combination is rare. Check Fundamentals of Updater Services Limited.
Industrials
Ramkrishna Forgings Limited (rkforge) Q2 and H1fy27 Earnings Release: Record Revenue and PAT Growth
Ramkrishna Forgings Limited (RKFORGE) reports Q2 and H1FY27 earnings with 55% YoY revenue jump to ₹1,405 Cr and PAT rise to ₹71 Cr.
Ramkrishna Forgings Limited (RKFORGE) has announced its unaudited financial results for the quarter and half year ended September 30th, 2026. The company reported consolidated revenues of ₹1,405 crore in Q2, marking a 55% year-on-year increase. Profit After Tax (PAT) stood at ₹71 crore, significantly higher than the previous quarter’s ₹47 crore and a loss of ₹10 crore in Q2 last year. For the first half, revenues reached ₹2,622 crore with a PAT of ₹117 crore.
Financial Highlights
The company’s EBITDA surged to ₹256.23 crore, a 109.1% increase from ₹122.54 crore in Q2FY26. The EBITDA margin improved by 473 basis points to 18.2%. PAT margin also rose by 607 basis points to 5.0%.
Strategic Updates
Mr. Naresh Jalan, Managing Director, highlighted the company’s progress, noting firm commercial vehicle production schedules and resilient customer activity in key export markets. The forged wheels facility in a joint venture with Titagarh Rail Systems is nearing commercial production, set to become a long-term growth driver for Indian Railways. The company is also expanding its casting operations and adding new capacities to address a broader range of customer requirements.
Looking ahead, Ramkrishna Forgings Limited is focusing on building its presence in non-ferrous forgings for high-technology applications in Aerospace, Robotics, and Semiconductors. The company aims for disciplined execution, better capacity utilization, and a stronger balance sheet to position itself for sustainable growth.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Ramkrishna Forgings Limited
Ramkrishna Forgings Limited belongs to the Industrials › Metal Fabrication sector. Here’s a quick read on where the business and the stock stand today.
Ramkrishna gains 21.7% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. The stock trades at 74% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Revenue grows at 10.5% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Ramkrishna Forgings Limited.
Industrials
Ram Ratna Wires Limited (ramrat) Q2 & H1 FY27: Revenue Surges 69% Yoy
Ram Ratna Wires Limited (RAMRAT) reports a 69% YoY revenue surge in Q2 FY27, driven by strong performance in copper tubes.
Ram Ratna Wires Limited (RAMRAT) has reported robust financial results for Q2 and H1 FY27, with a significant 69% year-on-year increase in revenue from operations. The company’s diversified product portfolio, particularly in copper tubes, has played a pivotal role in this growth. The company’s revenue from operations stood at ₹1,163 Cr in Q2 FY26, which surged to ₹1,853 Cr in Q2 FY27, marking a substantial improvement. For the first half of FY27, the revenue from operations increased by 78% to ₹1,962 Cr from ₹1,145 Cr in H1 FY26.
Strong Performance in Copper Tubes
The company’s copper tubes segment has shown remarkable growth, contributing 24% to the revenue in Q2 FY27 and maintaining a steady 25% share in H1 FY27. This segment is crucial for the company as it diversifies its product portfolio and taps into new growth opportunities in the HVAC and refrigeration sectors. The operating EBITDA also saw a significant increase, rising by 61% in Q2 FY27 and 82% in H1 FY27, reflecting the company’s efficient operational performance.
Technological Advancements and Quality Assurance
Ram Ratna Wires Limited continues to invest in technological advancements and quality assurance to maintain its competitive edge. The company’s product portfolio has expanded to include high-frequency and high-voltage Litz wires, mobility-grade corona-resistant wires, and PI Class 240 EV-grade traction motors. These innovations are supported by stringent quality control measures, including 100% online eddy current testing and metallurgical grain-size and spectro analysis for copper tubes.
As Ram Ratna Wires Limited looks ahead, it remains focused on its growth strategy, expansion opportunities, and management initiatives to sustain its upward trajectory and deliver long-term value to its shareholders.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Ram Ratna Wires Limited
Ram Ratna Wires Limited belongs to the Industrials › Electrical Equipment & Parts sector. Here’s a quick read on where the business and the stock stand today.
Ram gains 39.5% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. Revenue grows at 25.0% and profits at 33.6% CAGR. Both numbers are exceptional. The stock trades at 77% of its 52-week range — near its best levels of the year. Clearly, the market pays a premium for this name. Both the business and the stock move in the right direction. Revenue grows at 25.0%, profits at 33.6%, and the PEG sits at 1.26 — below its growth rate. That combination is rare. Check Fundamentals of Ram Ratna Wires Limited.
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