However, the Bengaluru-based company’s net profit for Q4 FY26 dropped 76% YoY to Rs 65.7 crore from Rs 280 crore in the same period a year prior. A one-time tax credit of Rs 247.51 crore received by the company in Q4 FY25 had inflated its net profit at that time.
Including other income, Blackbuck’s total earnings stood at Rs 200 crore in March, up from Rs 137 crore in the year-ago period. Meanwhile, the company’s total expenses rose to Rs 159 crore (up from 95 crore), driven largely by employee benefit expenses.
The platform’s average monthly transacting truck operators rose 13% YoY to 866,091 in the January-March period. Notably, international shipping and logistics were impacted due to the West Asia conflict.
“The West Asia conflict is expected to present short-term headwinds with an anticipated drag on freight movement, this may have a short-term impact on growth of transaction-based revenues,” the company said in its investor presentation.
For the entire FY26, the company’s operating revenue rose to Rs 652 crore, up 52.7% from Rs 427 crore in FY25. The Accel-backed company reported a net profit of Rs 160 crore for the year, as against a net loss of Rs 8.6 crore reported a year ago.
Blackbuck’s core businesses include payments, telematics, load marketplace, and vehicle financing services.
“The core focus will be to continue to compound on profitability, which will be enabled through operating leverage, and we will continue to expand our market share even as new players enter,” said chief executive Rajesh Yabaji during the post-earnings analysts’ call.
Blackbuck’s shares rose 1.73% to close at Rs 536.2 on the National Stock Exchange on Tuesday.