BlackBuck Surges 5% Ahead Of Q3 Results

BlackBuck Shares Locked In 5% Upper Circuit For 5th Day

SUMMARY

The company is set to announce its Q3 FY25 results later today.

The stock opened at the upper circuit level, up from its previous close of INR 428.20 per share

At this price, BlackBuck's market capitalisation stood at INR 7,934.48 Cr, though trading volume remained low at just 29.7K

Hitting the upper circuit for the second consecutive session, BlackBuck

shares surged 5% to reach the upper limit of INR 449.60 on the BSE today (February 5).

The company is set to announce its Q3 FY25 results later today.

The stock opened at the upper circuit level, up from its previous close of INR 428.20 per share. At this price, BlackBuck’s market capitalisation stood at INR 7,934.48 Cr, though trading volume remained low at just 29.7K.

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.

Looking back at its Q2 results ahead of today’s Q3 announcement, BlackBuck had slipped into the red due to an exceptional loss of INR 320.74 Cr from a share-based payment expense.

The Flipkart-backed company reported a net loss of INR 308.38 Cr from continuing operations—nearly 7.8X higher than the INR 39.67 Cr loss in the same quarter last year. However, excluding this exceptional item, the company would have posted a profit of over INR 12 Cr from its continuing operations.