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Investor Presentation

BlackBuck Investor Presentation: Key Takeaways

Q2FY27 total income ₹253.15 Cr (+51% YoY), revenue from operations ₹235.33 Cr (+56%), PAT ₹41.40 Cr (+42%). Growth led by tolling, telematics and Superloads.

Highlights
Revenue growthRevenue from operations +56% YoY to ₹235.33 Cr
MarginsAdj. EBITDA margin ~23.4% (calc.) vs ~28.2% YoY; contribution 92% vs 93%
Demand visibilityTransacting truck operators +13% YoY to 895,125

Growth

Revenue from operations +56% YoY; core +31%, growth businesses +166%. Adjusted EBITDA +29%, PAT +42%.

Outlook

No numeric guidance given. Vehicle Finance targets EBITDA break-even; Superloads investment calibrated to plan; ESOP charges projected to Q2FY29.

Risks

Total expenses +36% YoY outpaced Adjusted EBITDA (+29%). Daily app time spent down 3% YoY.

Last quarter's promises, checked

Delivered

  • Guided tolling GTV ~16% compounding → +17% YoY (= BEAT)
  • Guided core growth to continue → core +31% vs Q1 +21% (= BEAT)

Partly delivered

  • Guided Vehicle Finance EBITDA break-even by FY27-end → still 'targets' break-even (= PARTIAL)
  • Guided separate Superloads reporting in 3–4 qtrs → not yet disclosed (= PARTIAL)

Missed

  • Guided 60–85% revenue-to-EBITDA conversion → ~52% (Adj EBITDA +29% vs revenue +56%; mgmt 'close to 50%') (= MISS)
  • Guided app usage steady at ~45 min/day → daily app time -3% YoY (= MISS)
Source

Investor Presentation filed with NSE, NSE: BLACKBUCK. Summary written with AI assistance from the document.

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BlackBuck Ltd: key numbers

Share price
₹569.10
Market cap
₹10,371 Cr
Revenue (annual)
₹652.0 Cr
Net profit (annual)
₹160.3 Cr
P/E (TTM)
61.4×Sector 29.6×
Promoter holding
24.99%-0.01% QoQ
FII holding
31.01%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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