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

Shadowfax Technologies has achieved an adjusted profit after tax of Rs 2 crore in FY24, reversing a previous Rs 123.8 crore loss. Revenue rose by 33% to Rs 1,885 crore. The company has expanded its services, with significant growth in Prime solutions and quick commerce, holding over 50% market share in each category.