| Revenue growth | ₹253 Cr total income, up 51% YoY; operating revenue up 56%. |
|---|---|
| Margins | Telematics growth and customer acquisition costs currently suppress blended EBITDA margins. |
| Demand visibility | Strong seasonality expected in H2; telematics demand driven by AIS mandates. |
| Management confidence | Confident, highlighting compounding effects of product bundling and record telematics sales. |
Growth
Revenue rose 56% YoY. Telematics sales hit record highs, but near-term margins reflect heavy upfront acquisition costs.
Outlook
Management reiterated commitment to achieving EBITDA break-even in the vehicle finance business this fiscal year.
Risks
MDR on UPI for Fastag transactions over ₹2,000 could create friction, though management remains dismissive.
Last quarter's promises, checked
Partly delivered
- Guided vehicle finance EBITDA break-even by end of FY27 → reiterated, no break-even figure disclosed (= PARTIAL)
Missed
- Guided core operating leverage 60-85% of revenue growth converting to EBITDA (called 'delivered every quarter') → 50% leverage (= MISS)
Earnings Call Transcript filed with BSE, NSE: BLACKBUCK. Summary written with AI assistance from the document.
Black Buck Ltd: key numbers
- Share price
- ₹560.00
- Market cap
- ₹10,205 Cr
- Revenue (annual)
- ₹652.0 Cr
- Net profit (annual)
- ₹160.3 Cr
- P/E (TTM)
- 60.5×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.
More from Black Buck Ltd
All →Black Buck Employee Stock Options
BlackBuck granted 34,399 stock options under its ESOP 2016 scheme at ₹1 per share. Options vest at 25% per year over four years with no lock-in.
Black Buck Debt & Borrowing: ₹40 Cr
BlackBuck's board approved a ₹40 Crore corporate guarantee to Axis Bank securing a term loan for subsidiary Blackbuck Finserve. No immediate financial impact on the company.
- Value
- ₹40.00 Cr
BlackBuck Management Change
BlackBuck redesignated Mr. Abhishek Singh as Chief Business Officer, effective October 29, 2026. This internal senior management restructuring carries no financial impact.
Black Buck Other Announcement
BlackBuck's ICRA monitoring agency report for Q1 FY27 confirms IPO proceeds utilization remains in line with stated objects. No deviation was observed in the quarter.
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.
Black Buck Q2 FY27 Results: Net Profit ₹41.4 Cr, Up 41.8% YoY
Black Buck Ltd reported revenue from operations of ₹235.3 Cr (+55.7% YoY) and net profit of ₹41.4 Cr (+41.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹41.4 Cr · +41.8% YoY