BlackBuck Reports 61% Revenue Growth in Q2 FY26, Expands Super Loads Business
BlackBuck, a digital freight and fleet management platform, reported impressive Q2 FY26 financial results. Total income rose 61% YoY to ₹167.00 crores, with net revenue from operations up 53% to ₹151.00 crores. Adjusted EBITDA grew 143% to ₹37.00 crores, and net profit reached ₹29.20 crores. The company's core business grew 37% YoY, while growth businesses saw a 226% sequential increase. BlackBuck's transacting customer base expanded to 800,000, and Payment GTV hit ₹6,800.00 crores. The company plans to expand its Super Loads business from 4 to 14-15 hubs in the next six months. BlackBuck maintains a strong market position, with nearly 50% share in tolling and over 90% in digitized loads.

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Black Buck , a leading digital freight and fleet management platform, has reported strong financial results for the second quarter of fiscal year 2026, with significant growth in revenue and profitability. The company also announced plans to expand its Super Loads business, signaling confidence in its growth strategy.
Financial Highlights
BlackBuck's Q2 FY26 financial performance showcased robust growth across key metrics:
| Metric | Q2 FY26 | Q2 FY25 | YoY Growth |
|---|---|---|---|
| Total Income | ₹167.00 | ₹104.00 | 61.00% |
| Net Revenue from Operations | ₹151.00 | ₹99.00 | 53.00% |
| Adjusted EBITDA | ₹37.00 | ₹15.00 | 143.00% |
| Net Profit | ₹29.20 | - | - |
The company's core business, which includes tolling and vehicle tracking services, grew by 37% year-on-year on a net revenue basis. Meanwhile, growth businesses, particularly Super Loads and vehicle finance, saw a significant 226% sequential increase.
Operational Performance
BlackBuck's operational metrics also showed strong improvement:
- Transacting customer base reached approximately 800,000, growing 13% year-on-year
- Users utilizing multiple services increased by 21% to 400,000
- Payment Gross Transaction Value (GTV) reached ₹6,800.00 crores, up 29% year-on-year
Expansion Plans
The company announced plans to expand its Super Loads business from the current 4 hubs to 14-15 hubs over the next six months. This expansion is expected to drive further growth in the company's transaction-based freight business.
Strategic Focus
BlackBuck's strategy continues to focus on innovation in core businesses such as tolling and vehicle tracking while investing in adjacencies like fuel sensors and new product launches. The company maintains a balanced approach to growth and profitability, with a willingness to extend payback periods slightly to drive market share expansion.
Market Position
In the tolling business, BlackBuck's market share is approaching 50%, with steady gains over the past six months. The company's digital loads platform holds a dominant position, with an estimated market share of over 90% in digitized loads.
Future Outlook
While the company remains optimistic about its growth prospects, it also acknowledges the need for calibrated investments in both core and growth businesses. BlackBuck plans to continue its strategy of innovation and market expansion while maintaining a focus on profitability.
As BlackBuck moves forward with its expansion plans and continues to leverage its strong market position, investors and industry observers will be watching closely to see how the company balances growth with profitability in the evolving digital freight and fleet management landscape.
Historical Stock Returns for Black Buck
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.16% | -2.35% | +7.53% | +59.80% | +157.01% | +157.01% |














































