BlackBuck Shares Rally 18% To Hit Fresh All-Time High After Q1 Results

Shares of BlackBuck rallied as much as 17.63% to hit a fresh all-time high of INR 569.90 during the early trading hours today, a day after the logistics major reported its Q1 results.

BlackBuck’s net profit rose 17% to INR 33.7 Cr in Q1 FY26, up 17.5% from INR 28.7 Cr in the year-ago quarter. Its operating revenue rose to INR 143.6 Cr from INR 92.2 Cr in Q1 FY25.

However, sequentially, the company’s bottom line plunged 88% from INR 280.2 Cr in Q4 FY25.

By 11:30 AM, BlackBuck’s stock was trading 14.1% higher at INR 553 on the BSE, with the company’s market capitalisation at INR 9,807.65 Cr and 77 Lakh shares changing hands.

The all-time high price stands 129.5% above its 52-week low of INR 248.25 and 104.22% higher than its listing price of INR 279.05 on the BSE on November 22, 2024.

Year-to-date, the stock has delivered a 19.95% return to investors, far outperforming the Sensex’s 2.5% gain during the same period.

Founded in 2015 by Rajesh Yabaji, Chanakya Hridaya and Rama Subramaniam, BlackBuck commenced operations as a truck aggregator.

Since then, the company has diversified and now offers a full stack of solutions, from load management and telematics to payments for fuel, FASTag or toll charges, and truck financing.

The company marked a five-fold YoY increase in EBITDA to INR 40.4 Cr from INR 8.3 Cr in the year-ago quarter but remained flat on a sequential basis from INR 40 Cr in the previous quarter.

In the earning call, the management noted that while other business segments have very healthy contribution margins (75-99%), telematics margins are expected to be on the lower side, but employee costs are tightly controlled.

It served 7.8 Lakh truck operators on average per month, growing near 14% YoY. Of this, nearly 3.9 Lakh truck operators subscribed to at least two of the company’s services.

The company continues to innovate and expand its offerings, with new business areas like super loads showing promising growth potential.

“The super loads business is still in its nascent stage, currently operational in four hubs. We are focusing on ramping up in two cities to complete the playbook creation. We expect exponential growth in this business in about 3 to 4 quarters,” CEO Rajesh Yabaji said.

The management also noted that Q1 and Q2 are typically slower seasons due to the addition of operators and movement of drugs (among other factors).

Shares of BlackBuch closed the day’s trading 15% higher at INR 560.20 on the BSE.

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