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 tollsanddividends.)
“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.) 😏
“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 a truck on Nitrogen boosters.)
Sachin (Investor):Will profits flatten due to growth investments?(Slightly — think of it as refueling before the next highway sprint.)
Parikshit (Analyst):Is lack of container trucks limiting growth?(Nope. India’s roads are full; it’s the brokers who’ll run out first.)
Abhishek (Banerjee):Growth slowed from 40% to 37%. Why?(Monsoon + festive lull — even trucks need pit stops.)
Guidance & Outlook
Management seescore business revenue growth of 35–40%ahead, driven
