A year since its IPO, BlackBuck isn’t just surviving — it’s hauling profits faster than a convoy with green signals. While the nation debates AI, they’re quietly wiring India’s 8 lakh truckers into a digital ecosystem. The Bible says, “By their fruits you shall know them.” Well, ₹29.2 crore in profit after a ₹270 crore loss last year — that’s a fruit worth biting into.
Keep reading — because India’s logistics revolution is now rolling on sensors, data, and diesel.
At a Glance
- Revenue ₹167 cr, up 61% YoY – The trucks didn’t stop, and neither did the cash.
- EBITDA ₹37 cr, up 143% YoY – Margins revving like a turbo engine.
- PAT ₹29.2 cr vs. loss of ₹270 cr last year – That’s not recovery, that’s resurrection.
- Active customers: 8 lakh (+13%) – Nearly a quarter of India’s truckers onboard.
- Payments GTV ₹6,800 cr (+29%) – When diesel flows, so does digital money.
- Operating leverage: 77% – Because fixed costs are so last decade.
Management’s Key Commentary
“We completed one year as a public company.”
(Translation: We’ve survived SEBI scrutiny and investor questions — true test of endurance.)
“Profitability now comes from matured core businesses.”
(Finally, the trucks are paying tolls and dividends.)
“Fuel sensor business grew 55% sequentially.”
(Every drop of diesel now comes with a dashboard.)
“SuperLoads expanding from 4 hubs to 14.”
(India’s new freight Tinder is going national — swipe right for logistics.)
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“AI is like electricity — embedded in everything we do.”
(When truckers meet machine learning, you know disruption’s gone full throttle.)
“Market share in tolling near 50%.”
(Monopoly in motion — they practically own India’s highways.)
“90% of fuel sensor buyers are existing users.”
(Cross-selling so strong, even truckers can’t resist an upgrade.)
Numbers Decoded
| Metric | Q2FY26 | Q2FY25 | Growth | Punchline |
|---|---|---|---|---|
| Total Income (₹ cr) | 167 | 104 | +61% | The engine’s running hotter. |
| EBITDA (₹ cr) | 37 | 15 | +143% | Margin miracle — no detours. |
| PAT (₹ cr) | 29.2 | -270 | NA | From losses to logistics glory. |
| Active Users (lakh) | 8 | 7.1 | +13% | Every 4th trucker is now online. |
| Payment GTV (₹ cr) | 6,800 | 5,280 | +29% | Trucks + fintech = growth highway. |
| Adjusted EBITDA Margin | 31% | 19% | +12 pts | Operational leverage pays tolls. |
BlackBuck’s “truck-to-tech” pivot is showing real horsepower — 123% growth in adjusted EBITDA and 130 crores in operating cash flow.
Analyst Questions
Abhishek (Investor): Will BlackBuck integrate AI like US rivals?
(Yes. And unlike America, we’ll do it at ₹200/month, not $100.)
Gaurav (Analyst): What’s your tolling market share now?
(50%, and climbing faster than
