Blackbuck Reports 57% Growth in Q1 FY26

Blackbuck, a prominent online trucking platform, has unveiled its financial performance for the first quarter of the fiscal year ending March 2026. The Bengaluru-rooted business has achieved an impressive 57% year-on-year growth in scale for Q1 FY26, with a reported profit of Rs 34 crore during this period.

Revenue Growth and Sources

In terms of revenue from operations, Blackbuck has experienced significant growth, rising to Rs 144 crore in Q1 FY26 from Rs 92 crore in the same quarter of the previous fiscal year, as outlined in its financial statements sourced from the National Stock Exchange.

Quarter-on-Quarter Analysis

When evaluating performance on a quarter-on-quarter basis, Blackbuck’s operating revenue surged by 18%, increasing to Rs 144 crore in Q1 FY26 from Rs 122 crore in Q4 FY25.

Revenue Composition

The primary segment contributing to this revenue surge was the truck operator services, which represented 98% of total operating revenue. Additionally, Blackbuck earned Rs 16 crore from interest income, bringing the overall revenue to Rs 160 crore in Q1 FY26 compared to Rs 98 crore during the same quarter last year.

Expense Analysis

Examining the expenses, employee benefit costs constituted 32% of the total outlay, which saw a year-on-year decrease of 5%, amounting to Rs 37 crore in Q1 FY26, down from Rs 39 crore in Q1 FY25.

Depreciation and other operational costs were significant overheads, which resulted in total expenditure reaching Rs 114 crore in Q1 FY26, as opposed to Rs 92 crore in the corresponding quarter of the previous year.

Profit Growth

Blackbuck’s net profit experienced a 17% increase, amounting to Rs 34 crore in Q1 FY26, compared to Rs 29 crore in Q1 FY25.

Stock Market Performance

Upon debuting on the stock market at Rs 208.90, Blackbuck is currently trading at Rs 481.85 (as of 15:26 PM), resulting in an overall market capitalization of Rs 8,670 crore ($1 billion).