BlackBuck Reports Strong Q2 Performance: ₹29.2 Crore Profit and 53% Revenue Growth YoY
- ByStartupStory | November 5, 2025
Logistics major BlackBuck has posted a profit of ₹29.2 crore in the second quarter of fiscal year 2026 (Q2 FY26), a significant turnaround from a loss of ₹308.4 crore in the same quarter last year. The Bengaluru-based company’s operating revenue surged 53% year-on-year to ₹151.1 crore, up from ₹99 crore in Q2 FY25, while total income including other income reached ₹167.2 crore.
On a quarter-on-quarter basis, operating revenue increased 5.6% over Q1 FY26, and BlackBuck’s gross transaction value stood at ₹6,778.3 crore for Q2 FY26. The major portion of revenue, about 98%, came from truck operator services, supplemented by ₹17 crore in interest income.
Despite a 40% year-on-year rise in total expenses to ₹128 crore, driven mainly by employee benefits and depreciation, the company successfully swung to profitability due to operational improvements. Employee benefit expenses were ₹42 crore, reflecting a 6% increase from last year.
Key operational highlights include an increase in average monthly transacting truck operators by 13.2% year-on-year to nearly 8 lakh. The company’s growing segments such as ‘Superloads’ and ‘Vehicle Finance’ have exhibited rapid expansion and contributed substantially to growth.
For the half-year ending September 2025, BlackBuck posted a net profit of ₹63 crore, underscoring solid momentum. The company’s market capitalization stood at about ₹12,045 crore ($1.3 billion) at the end of the last trading session.
Chairman and CEO Rajesh Yabaji stated that BlackBuck is delivering consistent profitability coupled with strong operating leverage, with core businesses compounding profits and ramping up investments in emerging growth areas.
In summary, BlackBuck’s Q2 FY26 financial results demonstrate a robust recovery and scaling trajectory, positioning it as a key player in India’s logistics technology landscape with healthy revenue growth and profitability gains.
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