BlackBuck Q2 FY27: Net Profit Rises 42% to ₹41.4 Crore as Revenue Grows 56%

Trucking technology platform BlackBuck reported a consolidated net profit of ₹41.4 crore for the quarter ended September 30, 2026, up 41.8% from ₹29.2 crore in the corresponding quarter last year.

Revenue from operations increased 55.7% year-on-year to ₹235.3 crore from ₹151.1 crore in Q2 FY26. Including other income of ₹17.8 crore, total income stood at ₹253.2 crore, up 51.4% from ₹167.2 crore a year earlier. On a sequential basis, net profit declined 1.8% from ₹42.2 crore in Q1 FY27, while operating revenue increased 15.3%.

Profit before tax increased 10% year-on-year to ₹42.8 crore from ₹38.9 crore. However, tax expense fell to about ₹1.4 crore from ₹9.7 crore in the year-ago quarter. BlackBuck also recognised a deferred tax credit of ₹1.2 crore during the quarter, compared with a deferred tax expense of ₹5.9 crore in Q2 FY26.

EBITDA increased 39% year-on-year to ₹50.6 crore from ₹36.5 crore, while adjusted EBITDA rose 29% to ₹55 crore from ₹42.7 crore. The reported operating margin stood at about 21.5%, compared with 24.2% a year earlier.

Core Payments and Telematics Revenue Grows 31%

BlackBuck’s core payments and telematics businesses generated ₹161.4 crore in revenue during Q2 FY27, up 31% year-on-year from ₹123.4 crore. The businesses include FASTag toll payments, fuel payments, vehicle tracking, AIS-GPS devices and fuel sensors.

The company’s tolling business recorded a 17% year-on-year increase in gross transaction value to ₹7,070 crore from ₹6,039 crore. Tolling transactions increased 12% to 17.4 crore during the quarter. BlackBuck also reported higher FASTag issuances and record device sales in its telematics business.

The company said its average monthly transacting truck operators increased 13% year-on-year to 895,125 from 792,000. Monthly transacting users accessing at least two services increased 19% to 476,628 from 399,000. Average daily time spent on the app declined 3% to about 41.8 minutes from 43.2 minutes.

Growth Businesses Expand as Superloads Scales

Revenue from BlackBuck’s growth businesses, including Superloads, Loads Classifieds and vehicle financing, increased 166% year-on-year to ₹73.9 crore from ₹27.8 crore. The segment’s revenue also grew 25% sequentially.

BlackBuck attributed the increase in Superloads to productivity improvements in existing cities and expansion into new markets. The company said AI-driven productivity gains are supporting the managed freight business as it expands its operations.

Its vehicle financing business is also moving towards EBITDA break-even, with growth in assets under management and a relatively stable cost base supporting the business, according to the company.

The increase in revenue came alongside higher expenses. Consolidated total expenses rose 64% year-on-year to ₹210.3 crore from ₹128.3 crore. BlackBuck said investments in customer acquisition across its core businesses and spending on the Superloads business contributed to the increase.

Founded in 2015 by Rajesh Kumar Naidu Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam, BlackBuck operates a digital platform for truck operators and logistics businesses. Its services span toll payments, fuel payments, vehicle tracking, freight discovery, managed transportation and vehicle financing.

Going forward, BlackBuck plans to strengthen its payments and telematics businesses while expanding Superloads, its freight marketplace and vehicle financing operations. The company will also focus on increasing adoption of multiple services among truck operators as it expands its network.