BlackBuck has started FY27 on a strong note by reporting over ₹200 crore in quarterly revenue for the first time. The digital platform for truck operators posted healthy growth in both revenue and profit during the first quarter, supported by strong performance in its core payments business and fast-growing vehicle finance segment.
The company reported consolidated revenue from operations of ₹204.17 crore in Q1 FY27, a 42.17% increase from ₹143.61 crore in the same quarter last year. Including interest and other income of ₹16.31 crore, total income reached ₹220.48 crore. This was 38% higher than last year and 10% more than the previous quarter.
BlackBuck’s net profit after tax (PAT) rose 25.13% year-on-year to ₹42.17 crore from ₹33.70 crore in Q1 FY26. However, compared to the previous quarter, profit fell by 36%.
Core business continues to drive revenue growth
BlackBuck’s payments and telematics business remained its biggest source of revenue during the quarter. This segment generated ₹145.18 crore, showing a 21% increase compared to the same period last year.
The company’s tolling business also performed well. Gross Transaction Value (GTV) from toll payments reached ₹7,045 crore, up 16% year-on-year. The management said the business has recovered from the slowdown seen earlier, and market conditions improved by the end of the quarter.
The fueling business showed some improvement as well, although the company said the recovery is still incomplete and it is difficult to predict when it will fully return to normal.
BlackBuck’s newer businesses recorded the fastest growth during the quarter. Revenue from Superloads and Vehicle Finance jumped 153% year-on-year to ₹58.99 crore, compared to ₹23.35 crore in Q1 FY26. The lending business contributed ₹3.18 crore, and the company expects the vehicle finance business to become profitable by the end of this financial year.
The company also maintained a strong contribution margin of 93%, which came to ₹152.74 crore. Total expenses during the quarter stood at ₹178.35 crore. Employee benefit expenses were ₹42.55 crore, including ₹4.90 crore spent on employee share-based payments.
On a standalone basis, BlackBuck reported revenue of ₹200 crore, up 39.27% from last year, while standalone net profit increased 25.22% to ₹42.2 crore.
Customer base and engagement continue to grow
BlackBuck continued to add more active users to its platform during the quarter. The company now has around 900,000 transacting customers.
The average number of monthly transacting truck operators increased by 13% to 883,386. At the same time, more users started using multiple services offered by the platform. The number of customers using at least two services grew 19% year-on-year to 458,919.
Customer engagement also remained strong. On average, each transacting customer spent 44.11 minutes per day on the BlackBuck app. This shows that many truck operators depend on the platform for their daily transport and business needs.
BlackBuck also has a large physical presence across the country, with more than 10,000 touchpoints covering nearly 80% of India’s districts. The company continues to hold a strong position in the commercial vehicle toll payment market.
Company announces key updates beyond financial results
Along with its quarterly earnings, BlackBuck shared several important corporate updates.
Its lending arm, BlackBuck Finserve Private Limited, has now been classified as a Material Subsidiary under SEBI rules because its net worth has crossed 10% of the group’s consolidated net worth. This brings additional governance and disclosure requirements.
The company also confirmed that Company Secretary and Compliance Officer Barun Pandey has withdrawn his resignation and will continue in his current role.
Another major change is that the company has officially changed its name from Zinka Logistics Solutions Limited to BlackBuck Limited. In addition, its non-material wholly owned subsidiary, ZZ Logistics Solutions Private Limited, has been struck off by the Ministry of Corporate Affairs.
BlackBuck also received good news on the tax front. The Income Tax Department dropped penalty proceedings related to Assessment Year 2018-19 after an appellate authority removed a ₹10.3 crore addition linked to ESOP expenses. As a result, the penalty was reduced to nil, ending a long-running tax dispute.
The company also received a credit rating upgrade from ICRA. The agency upgraded BlackBuck’s short-term rating from [ICRA]A3+ to [ICRA]A2+, citing its asset-light business model, strong liquidity of more than ₹1,025 crore, healthy margins, and sound financial position.
Looking ahead, BlackBuck’s 11th Annual General Meeting will be held on September 18, 2026, through video conferencing. Shareholders will vote on several important proposals, including the reappointment of a non-executive nominee director, changes in share capital, and the implementation of employee stock option schemes through a trust route.
With strong revenue growth, higher profits, growing customer engagement, and positive corporate developments, BlackBuck has made a solid start to FY27 and continues to strengthen its position in India’s digital trucking industry.