BlackBuck Hits Upper Circuit For Fourth Straight Session

BlackBuck’s shares touched the upper circuit limit for the fourth consecutive session after the company released its financial results for the third quarter of the current financial year (Q3 FY25) on Wednesday (February 5).

With a 5% rise, its shares touched the upper circuit at INR 486.55 apiece on BSE today (February 7).

Amid a surge in share price, its market capitalisation reached INR 8,586 Cr with more than INR 30K shares traded hands by 11:25. 

BlackBuck reported a 41% YoY increase in operating revenue to INR 113.98 Cr in Q3 FY25. 

In the last five days, the stock has given a return of more than 20% and in the past one year over 88%.

The rise in its share price came despite BlackBuck’s consolidated net loss zoomed 145% to INR 48.03 Cr in Q3 FY25 from INR 19.57 Cr in the year-ago quarter on account of an exceptional loss.

The company went public last year and incurred an IPO expense of INR 8.45 Cr and a share-based payment expense of INR 69.44 Cr in the reported quarter. 

However, BlackBuck reported a 41% YoY increase in operating revenue to INR 113.98 Cr in Q3 FY25. Its adjusted EBITDA skyrocketed 459% YoY to INR 42.04 Cr during the quarter under review. 

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.

The stock opened at the upper circuit level, up from its previous close of INR 463.40 per share. 

Founded in 2015 by IIT Kharagpur alumni Rajesh Yabaji and Chanakya Hridaya, along with Rama Subramaniam, BlackBuck is a B2B marketplace for inter-city full truckload (FTL) transportation. It connects truck operators with businesses with shipping requirements in real time through its tech-enabled platform.