BlackBuck LimitedQ1 FY27 Results & Financial Update
BlackBuck Limited: Q1 FY27 consolidated results and company financials – revenue ₹204.17 Cr, PAT ₹42.17 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Find an answer
Ask this result
Chart · Market context
BlackBuck price & chart
Market price₹543.45
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore BlackBuck Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
BlackBuck Limited posted revenue from operations of INR 204.17 crore for the quarter ended June 30, 2026, marking a 42% increase year-on-year compared to INR 143.61 crore in Q1 FY26 and a 10% sequential rise over the preceding quarter.
Total income for Q1 FY27 reached INR 220.48 crore, up 38% year-on-year, supported by robust other income of INR 16.31 crore.
Profit after tax (PAT) stood at INR 42.17 crore for the quarter, reflecting a 25% year-on-year expansion over INR 33.70 crore reported in Q1 FY26, though down sequentially from INR 65.73 crore in Q4 FY26.
EBITDA for the period was recorded at INR 49.71 crore, representing a 23% year-on-year growth, while Adjusted EBITDA reached INR 54.62 crore after adjusting for employee share-based payment expenses of INR 4.90 crore.
Growth businesses emerged as a primary catalyst, surging 153% year-on-year to INR 58.99 crore, led by strong traction in the Superloads segment where existing cities benefited from AI-driven productivity gains alongside expansion into new urban markets.
Core businesses (Payments and Telematics) delivered steady performance with revenue of INR 145.18 crore, up 21% year-on-year despite broader industry headwinds, underpinned by record telematics device sales and continued growth in tolling gross transaction values.
Profit after tax was ₹42.17 Cr for the reported quarter. EPS was ₹2.30 for the reported quarter.
01 · Business model
What does BlackBuck do?
BlackBuck Limited (formerly known as Zinka Logistics Solutions Limited) operates a leading digital platform for truck operators in India, catering to the lifecycle needs of commercial vehicle fleets.
The company's platform provides core services including digital tolling payments, telematics-based vehicle tracking, fuel payments, and vehicle financing, alongside growth business verticals such as its freight marketplace (Superloads).
Monetization is driven by transaction fees, subscription models, and service margins across a nationwide distribution network spanning over 80% of India's districts.
The ecosystem connects hundreds of thousands of monthly transacting truck operators with digital tools designed to improve fleet productivity, reduce transit friction, and optimize operating expenses.
02 · Historical context
What shaped the business before this quarter
The company transitioned its corporate identity from Zinka Logistics Solutions Limited to BlackBuck Limited prior to the reporting period.
Earlier investments in technology infrastructure laid the groundwork for AI-driven productivity gains across urban freight operations in the Superloads business.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹204.17 Cr |
| Total income | ₹220.48 Cr |
| Profit before tax | ₹42.12 Cr |
| Profit after tax | ₹42.17 Cr |
| EPS | ₹2.30 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Core revenue from Payments and Telematics reached INR 145.18 crore in Q1 FY27, reflecting a 21% year-on-year increase.
Growth businesses scaled significantly to INR 58.99 crore, achieving 153% year-on-year growth and a 44% quarterly increase.
Gross transaction value (GTV) for tolling reached INR 7,045 crore, representing a 16% year-on-year growth over Q1 FY26.
What drove margins
Net revenues stood at INR 165.03 crore with a contribution margin of INR 152.74 crore, maintaining a steady contribution margin percentage of 93% of net revenue.
Direct costs associated with delivering service activities increased by 27% year-on-year to INR 12.29 crore from INR 9.65 crore in Q1 FY26.
Employee share-based payment expenses accounted for INR 4.90 crore during the quarter, bridging the gap between reported EBITDA of INR 49.71 crore and Adjusted EBITDA of INR 54.62 crore.
05 · Demand, customers & order book
Where demand is coming from
Average monthly transacting truck operators reached 883,386 in Q1 FY27, a 13% increase compared to 783,399 in Q1 FY26.
Monthly transacting users utilizing at least two services grew 19% year-on-year to 458,919.
Transacting customers spent an average of 44.11 minutes daily on the platform app during the quarter.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The core payments and telematics segment grew 21% year-on-year to INR 145.18 crore, driven by robust tolling activity and the highest ever quarterly sale of new telematics devices.
Growth businesses advanced 153% year-on-year to INR 58.99 crore, fueled by productivity enhancements and new-city expansion within the Superloads vertical.
Geography and market mix
BlackBuck maintains a physical touchpoint network exceeding 10,000 touchpoints, covering more than 80% of India's districts.
07 · Strategy & new businesses
How the company is trying to change its growth mix
Management noted that the vehicle finance vertical continues to converge towards profitability as part of the broader ecosystem strategy.
Existing cities in the Superloads business recorded strong compounding effects driven by internal artificial intelligence initiatives.
08 · Reported developments
What changed operationally
Adjusted EBITDA increased by 16% year-on-year to INR 54.62 crore, supported by profitable core operations and operating cash flows.
The telematics business achieved its highest-ever quarterly sales volume for new tracking devices.
09 · Items worth noticing
The line items that can distort a quick read
The company recorded a net income tax credit of INR 0.045 crore (rounded to INR (0.04) crore) for the quarter.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Corporate Name Transition
The company formally reflected its operational transition from Zinka Logistics Solutions Limited to BlackBuck Limited across its stakeholder communications.
11 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations rose 10% sequentially from INR 185.43 crore in Q4 FY26 to INR 204.17 crore in Q1 FY27.
12 · Key Q&A
The quarter, answered directly
What does BlackBuck do?
BlackBuck Limited (formerly known as Zinka Logistics Solutions Limited) operates a leading digital platform for truck operators in India, catering to the lifecycle needs of commercial vehicle fleets.
What is the clearest takeaway from Q1 FY27?
BlackBuck Limited posted revenue from operations of INR 204.17 crore for the quarter ended June 30, 2026, marking a 42% increase year-on-year compared to INR 143.61 crore in Q1 FY26 and a 10% sequential rise over the preceding quarter.
What drove revenue or demand?
Core revenue from Payments and Telematics reached INR 145.18 crore in Q1 FY27, reflecting a 21% year-on-year increase.
What mattered most for margins or profitability?
Net revenues stood at INR 165.03 crore with a contribution margin of INR 152.74 crore, maintaining a steady contribution margin percentage of 93% of net revenue.
What changed operationally beyond the headline numbers?
Management noted that the vehicle finance vertical continues to converge towards profitability as part of the broader ecosystem strategy.
What should the next disclosure help confirm?
Track the progress of the vehicle finance portfolio as it continues to converge toward profitability.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Profitability Convergence in Vehicle Finance: Track the progress of the vehicle finance portfolio as it continues to converge toward profitability.
- 02
Superloads Expansion Scaling: Monitor the momentum of new-city additions and AI-driven productivity gains within the Superloads growth business.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.