BlackBuck Shares Rally 10% After Strong Q2 Performance

SUMMARY

The logistics major reported a profit of INR 29.2 Cr in Q2 FY26 as against a loss of INR 308.4 Cr in the year-ago quarter

BlackBuck’s operating revenue for Q2 stood at INR 151.1 Cr, up 53% YoY and 5% QoQ

At 10:46 IST, the stock was trading 5.9% higher at INR 694.2 apiece and the company’s market capitalisation stood at INR 12,545 Cr

Shares of logistics major BlackBuck surged nearly 10% to INR 719.95 during the intraday trading on the BSE today, after the company reported a profitable September quarter yesterday.

BlackBuck posted a profit of INR 29.2 Cr in Q2 FY26 as against a loss of INR 308.4 Cr in the year-ago quarter. However, profit declined 13% from INR 63.1 Cr on a sequential basis.

At 10:46 IST, the stock was trading 5.9% higher at INR 694.2 apiece. Over 29 Lakh shares were traded by then. The company’s market capitalisation stood at INR 12,545.62 Cr (about $1.4 Bn).

Notably, BlackBuck’s top line soared both on a QoQ and YoY basis in the September quarter. Operating revenue 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.

The logistics company’s EBITDA zoomed 143% YoY to INR 36.5 Cr. However, it declined 10% from INR 40.4 Cr 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.

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.

Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya and Rama Subramaniam, BlackBuck commenced operations as a truck aggregator. Since then, the company has diversified its offerings and now offers a full stack of solutions, from load management and telematics to payments for fuel, FASTag or toll charges, and truck financing.

BlackBuck made its stock market debut in November last year, listing at INR 280.90 on the NSE, a modest premium of 2.89% over the IPO issue price of INR 273. On the BSE, BlackBuck’s stock debuted at INR 279.05, a premium of 2.21% over the issue price.

At the current market price, the stock is up 148% from its listing price on the BSE. BlackBuck shares are up 51.39% year to date.