BlackBuck Hits Upper Circuit For 3rd Straight Session

SUMMARY

The stock opened at the upper circuit level, up from its previous close of INR 441.35 per share

At this price, BlackBuck’s market capitalisation stood at INR 8,178.02 Cr, though trading volume remained low at just 42K

Had it not been for these exceptional expenses, the company would have given a profit of INR 29.86 Cr in Q3 FY25 against the net profit of 12.49 Cr from its continuing operations in the September quarter

BlackBuck’s shares touched the upper circuit limit for the third consecutive session, this time the surge was driven by the company’s strong Q3 FY25 results.

Its shares surged 5% to reach the upper limit of INR 463.40 on the BSE today (February 5) despite the company reporting a widened net loss of 145% to INR 48.03 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 19.57 Cr in the year-ago quarter.

This anomaly came from the fact that the company reported loss widening due to exceptional loss, incurring an IPO expense of INR 8.45 Cr and a share-based payment expense of INR 69.44 Cr in the reported quarter.

However, had it not been for these exceptional expenses, the company would have given a profit of INR 29.86 Cr in Q3 FY25 against the net profit of 12.49 Cr from its continuing operations in the September quarter.

The stock opened at the upper circuit level, up from its previous close of INR 441.35 per share. At this price, BlackBuck’s market capitalisation stood at INR 8,178.02 Cr, though trading volume remained low at just 42K.

BlackBuck made its stock market debut on November 22, listing at INR 279.05 on the BSE—a 2.21% premium over its issue price. Since then, the stock has gained 53.40% as of the last close, delivering a 23.08% return in the past five sessions.