Black Buck , a prominent player in the logistics industry, has announced the resignation of Chandra Prakash, its National Sales Head and Senior Management Personnel. The company disclosed this information in a regulatory filing on November 6, 2025.

Resignation Details

Chandra Prakash, who held the position of National Sales Head at BlackBuck, has decided to step down from his role. According to the company's statement, Prakash cited personal commitments and the pursuit of other interests outside the organization as the reasons for his departure.

Transition Period

The company has acknowledged Prakash's resignation and confirmed that he will be serving a notice period. BlackBuck stated that Prakash will be relieved from his duties effective from the close of business hours on January 31, 2026. This transition period allows for a smooth handover of responsibilities and ensures continuity in the company's operations.

Regulatory Compliance

BlackBuck's announcement is in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the necessary details as required under these regulations, including the reason for the change and the effective date of cessation.

Impact and Future Outlook

While the company has not commented on the immediate impact of Prakash's departure or plans for his replacement, the extended notice period suggests that BlackBuck is taking steps to manage the transition effectively. The resignation of a senior management personnel, especially one heading the national sales division, can be significant for a company's operations and strategy.

BlackBuck, formerly known as Zinka Logistics Solutions Limited, has been making strides in the logistics sector. The company's ability to navigate this leadership change will be crucial as it continues to compete in the dynamic logistics market.

As the logistics industry evolves, particularly with the increasing focus on technology-driven solutions, BlackBuck's next steps in filling this key position will be closely watched by industry observers and stakeholders alike.

Black Buck , a leading logistics technology platform, has reported a significant financial turnaround in its Q2 FY2026 results, marking a substantial improvement from the previous year. The company's performance highlights its growing strength in the logistics technology sector.

Key Financial Highlights

• Net Profit: BlackBuck posted a net profit of 305.00 million rupees for Q2 FY2026, a remarkable turnaround from a loss of 2,690.00 million rupees in the same quarter last year.
• Revenue: The company's revenue grew to 1,490.00 million rupees, up from 976.00 million rupees year-over-year, representing a 52.66% increase.
• EBITDA: There was a substantial increase in EBITDA to 371.20 million rupees from 143.70 million rupees in the previous year.
• EBITDA Margin: The EBITDA margin improved significantly to 24.91% from 14.72% in the same period last year.

Operational Performance

BlackBuck's strong financial results are underpinned by robust operational metrics:

• Transacting Customers: The company reported 791,670 transacting customers, a 13.22% increase year-over-year.
• Multi-Service Users: Users utilizing two or more services grew by 21.17% to 399,051.
• Daily App Usage: The average time spent on the BlackBuck app by transacting customers increased to 43.19 minutes daily.
• Payments GTV: The Gross Transaction Value (GTV) of payments reached 677,832.00 million rupees, up 28.65% year-over-year.

Business Segment Performance

Core Businesses (Payments & Telematics)

• Grew by 36.68% year-over-year
• Showed approximately 3% growth quarter-on-quarter, despite being a traditionally low-season quarter
• Tolling and Telematics businesses continued their growth trajectory

Growth Businesses

• Experienced strong growth of 226.13% year-over-year and 19.01% quarter-on-quarter
• Led by significant progress in 'Superloads' and 'Vehicle Finance' businesses
• Plans to expand Superloads to 10 new cities in the next 6 months

Strategic Focus

BlackBuck is balancing growth and profitability by:

1. Focusing on continuous market share expansion in core businesses
2. Leveraging industry tailwinds for consistent growth
3. Maintaining strong profitability through operating leverage
4. Aggressively scaling up new ventures like Superloads
5. Expanding sales teams and investing in high-growth sub-segments

Management Commentary

Rajesh Kumar Naidu Yabaji, Chairman, Managing Director, and CEO of BlackBuck, stated, "Our Q2 results demonstrate BlackBuck's ability to deliver consistent profitability while achieving strong scale-up in new business areas. We're particularly pleased with the performance of our core businesses, which continue to compound on profitability, allowing us to invest strategically in promising new ventures."

Future Outlook

BlackBuck plans to continue its growth trajectory by:

• Doubling down on the Superloads business
• Expanding sales teams
• Investing in high-growth sub-segments of core businesses (Fuel Sensor, AIS-GPS)
• Pursuing a partner-led calibrated scale-up of Vehicle Finance

The company's strong Q2 performance and strategic initiatives position it well for sustained growth and profitability in the logistics technology sector.