BlackBuck Q3: Posts ₹32 Cr Profit, Revenue Zooms 50% YoY

Logistics company BlackBuck maintained its profitability streak in the third quarter of FY26 (Q3 FY26), posting a consolidated net profit of ₹31.7 Cr as against a loss of ₹48 Cr in the year-ago period. On a sequential basis, this marked a near 9% increase from ₹29.2 Cr.

Operating revenue surged 50% YoY and 14% QoQ to ₹171.8 Cr. Including other income of ₹16.5 Cr, the company’s total income during the quarter under review stood at ₹188.3 Cr.

Truck operator services raked in the highest revenue at ₹168.7 Cr (up 50% YoY). Lending business’ revenue recorded a more than 2X YoY jump to ₹3.3 Cr.

In terms of profitability contribution, truck operator services, which is BlackBuck’s core business segment, posted a profit of ₹50 Cr, up 56% YoY. The lending vertical raked in a profit of ₹8.1 Lakh during the quarter as against ₹98.5 Lakh in the year-ago period.

Important to mention that the company incurred a one-time share-based payment expense of ₹69.4 Cr in the year-ago quarter.

BlackBuck’s EBITDA surged 49% YoY to ₹44.8 Cr during the quarter under review.

Meanwhile, expenses for the quarter rose 52% YoY to ₹142 Cr. The company also incurred an exceptional item cost of ₹3.8 Cr in Q3 FY26 following the notification of new labour codes.

Operationally, BlackBuck’s average monthly transacting truck operators user base expanded 13% YoY to 8.3 Lakh in the quarter. Of this, 4.2 Lakh users were availing more than 2 services. Gross transaction volume (GTV) processed by the platform stood at ₹7,500 Cr, up 23% YoY.

The company said that the profitability of its truck operator business compounded due to a consistent operating leverage. Meanwhile, it undertook a calibrated approach to step-up investments across its lending business.

The company’s core business, which comprises tolling and telematics, registered a 31% YoY and 11% QoQ growth. The GTV for tolling zoomed 24% YoY, while it claimed that the telematics business touched new highs in sales across its products.

Its growth businesses, Superloads and financing, registered a near 3X YoY jump in revenue. While Superloads scaled to nine cities, the vehicle finance business recorded a 35% QoQ jump in disbursals during the quarter.

Shares of BlackBuck ended today’s trading session 0.61% lower at ₹618 on the BSE.

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