BlackBuck Q2: Posts INR 29.2 Cr Profit, Revenue Jumps 53% YoY

SUMMARY

The company had reported a loss of INR 308.4 Cr in the year-ago quarter on the back an one-time share based payment expense of INR 320.7 Cr

On a sequential basis, profit declined 13% from INR 33.7 Cr

The logistics major's operating revenue for the quarter under review stood at INR 151.1 Cr, up 53% YoY and 5% QoQ

Logistics major BlackBuck delivered another profitable quarter in Q2 FY26, reporting a profit of INR 29.2 Cr as against a loss of INR 308.4 Cr in the year-ago quarter. On a sequential basis, profit declined 13% from INR 63.1 Cr.

It is pertinent to mention that the company had incurred a share-based payment expense of INR 320.7 Cr in Q2 FY25. Minus that expense, its profit would have stood at INR 12 Cr in the year-ago quarter.

Meanwhile, BlackBuck’s top line rose both on a QoQ and YoY basis. Operating revenue for the quarter under review stood at INR 151.1 Cr, up 53% YoY and 5% QoQ.

Including other income of INR 16 Cr, BlackBuck’s total income for the quarter rose 60% YoY to INR 167.2 Cr. Gross transaction value of payments on the platform surged 29% YoY to INR 6,778.3 Cr.

EBITDA zoomed 143% YoY to INR 36.5 Cr. However, it declined 10% from INR 40.4 Cr EBITDA registered in the preceding June quarter.

The company said that the YoY growth in EBITDA came on the back of improving operating leverage and calibrated scale-up of investments in new business verticals. The sequential decline was a result of doubling-down on investments in its new premium, value-added logistics service Superloads, expansion of its sales teams, and investments in sub-segments like Fuel Sensor and AIS-GPS.

For context, Superloads is a logistics service that is designed to handle the entire transaction process for a higher commission, as opposed to the basic classifieds service.

The company attributed its business growth to the launches of Superloads and vehicle finance businesses in the quarter. “Superloads business has made strong progress on establishing the playbook. We plan to add 10 new cities over the course of next 6 months,” the company said.

In terms of business growth, BlackBuck’s truck operator services contributed the most to the top line. It brought in a revenue of INR 148.7 Cr, up 52% from INR 97.6 Cr in the year-ago quarter. Truck business reported a profit growth of 2.3X YoY to INR 43.5 Cr.

The company’s average monthly transacting truck operators grew 13% YoY to 7.92 Lakh, while monthly transacting users for more than two services registered a higher growth of 21% YoY to 3.99 Lakh in the quarter.

The company noted that the business grew despite the “low-season quarter”. In this, tolling and telematics business growth was backed by investments in sales and distribution. Besides, BlackBuck said that the launch of its “fuel sensor” service bolstered sales growth.

Lending business’ revenue doubled YoY to INR 2.8 Cr. Despite the uptick in revenue, the lending arm registered a loss of INR 7.8 Cr.

Meanwhile, total expenses rose 40% YoY to INR 128.3 Cr.

Shares of BlackBuck ended yesterday’s trading session 4.12% lower at INR 655.55 on the BSE.