Trucking aggregator Blackbuck logs 56% rise in Q1 revenue, net profit up 17%

Time of India

2 hours ago

Trucking aggregator Blackbuck saw a 56% rise in its revenue from operations for the first quarter (Q1) of financial year 2025-26 to Rs 143.6 crore from Rs 92 crore reported a year ago.The Bengaluru-based company's net profit rose just 17.5% year-on-year (YoY) to Rs 33.7 crore from Rs 28.67 crore. However, its net profit plunged 88% on a quarterly basis.In Q4 of FY2025, Blackbuck reported a net profit of Rs 280 crore on account of a reduction in total expenses as well as a deferred tax credit of Rs 247 crore.While the company's revenue increased by 56% YoY, its expenses also rose to Rs 114 crore in Q1 from Rs 92 crore reported a year earlier. For the June quarter, employee benefit expenses fell marginally to Rs 37 crore from Rs 39 crore, while all other expenses rose.The platform's average monthly transacting truck operators grew by 13.87% to 783,399.'Q1 and Q2 are typically the seasonal months in terms of the addition of truck operators and the whole movement of trucks,' the company said in an investors' call. 'Most of the growth typically comes from Q3 and Q4 because that's where the whole operating leverage extends not only to the contribution to Ebitda but also to the sales leverage.'Blackbuck's core business offerings include tolling, vehicle tracking, load platform, vehicle financing, and more. 'The core businesses are growing at 40.62%, leveraging the tailwinds of the trucking industry and strong execution excellence,' the company said in the investor presentation.During the Q4 results announcement, the company informed the stock exchanges that its board of directors approved a proposal to change the company's name from 'Zinka Logistics Solutions Limited' to 'Blackbuck Limited' or any other name that the Union ministry of corporate affairs approves, subject to shareholder nod.Blackbuck, which is backed by Accel and Flipkart, was listed on the stock exchanges last November. The shares of Blackbuck's parent company rose 3.03% to close at Rs 484.45 on the BSE on Tuesday.