Originals · Startup · Startups & Fintech
BlackBuck grows Q2 revenue 56% as its trucking payments base keeps compounding
The listed trucking platform earned Rs 41.4 Cr in the September quarter, with FASTag tolling and telematics still the core and its newer freight and lending lines growing faster.
BlackBuck, the digital platform for truck operators that was formerly called Zinka Logistics Solutions, reported consolidated revenue from operations of Rs 235.3 crore for Q2 FY27, up 55.7% from Rs 151.1 crore a year earlier. Net profit rose 41.8% to Rs 41.4 crore, according to its results filed with BSE on October 29 and reported by Inc42 and Entrackr. Sequentially, profit slipped 1.8% while revenue grew 15.3%.
The profit line got help from taxes. Total expenses rose 64% to Rs 210.3 crore, faster than revenue, and depreciation roughly doubled to Rs 24.5 crore. Profit before tax grew a more modest 10% to Rs 42.8 crore, and a sharply lower tax expense of Rs 1.4 crore, against Rs 9.7 crore a year ago, lifted the bottom line. EBITDA rose 39% to Rs 50.6 crore.
Payments and telematics remain the base. That business, which covers FASTag toll payments, fuel payments, vehicle tracking and fuel sensors, earned Rs 161.4 crore, up 31%. Tolling gross transaction value grew 17% to Rs 7,070 crore across 17.4 crore transactions. The faster growth came from what the company calls growth businesses, the managed freight service Superloads, a freight marketplace and vehicle financing, whose revenue rose 166% to Rs 73.9 crore. BlackBuck said its vehicle finance arm is on track to break even at the EBITDA level.
Average monthly transacting truck operators rose 13% to 8,95,125, and users taking at least two services grew 19% to about 4.76 lakh, while average daily time spent in the app fell 3% to 41.8 minutes. BlackBuck was founded in 2015 by Rajesh Kumar Naidu Yabaji, Chanakya Hridaya and Ramasubramanian Balasubramaniam.
