Blackbuck Financial Report: Significant Growth in Q2 FY26

Blackbuck has announced its financial findings for the second quarter of the ongoing financial year ending September 2025. The Bengaluru-based online trucking platform has demonstrated a 52.5% increase in scale compared to the previous year, achieving a profit of Rs 29 crore during Q2 FY26.

Revenue Growth and Financial Performance

Blackbuck’s operational revenue escalated to Rs 151 crore in Q2 FY26, rising from Rs 99 crore in Q2 FY25, as reported in its financial documents from the National Stock Exchange (NSE). Comparing quarterly performance, Blackbuck’s operating revenue saw a 5.6% increase from Rs 143 crore in Q1 FY26. The company recorded a gross transaction value (GTV) of Rs 6778.3 crore for the same quarter. Over the first half of the year, revenue surged by 54.5%, reaching Rs 295 crore in H1 FY26, up from Rs 191 crore in H1 FY25.

Revenue Streams and Contributions

The majority of revenue was generated from truck operator services, contributing 98% to total operating revenue. Additionally, the company earned Rs 17 crore from interest income, bringing overall revenue to Rs 168 crore in Q2 FY26, compared to Rs 104 crore in Q2 FY25.

Expenses and Profitability Analysis

Examining expenses, the cost of employee benefits comprised 33% of total expenditures, which increased by 6% year-on-year, amounting to Rs 42 crore in Q2 FY26, up from Rs 39.5 crore in Q2 FY25. Depreciation and other operational costs emerged as significant expenses, driving total spending to Rs 128 crore in Q2 FY26, compared to Rs 92 crore in the same quarter last year.

Profit and Market Position

Blackbuck achieved a profit of Rs 29 crore in Q2 FY26, in contrast to a loss of Rs 269 crore in Q2 FY25. However, compared to the previous quarter, the profit reflected a 54% decline from Rs 63 crore in Q1 FY26. For the six months concluding in September 2025, the overall profit amounted to Rs 63 crore. By the close of the last trading session, Blackbuck’s share price was recorded at Rs 666.5, translating to a market capitalisation of Rs 12,045 crore ($1.3 billion).