BLACKBUCK LIMITED has informed the Exchange about Investor Meet Transcript
BLACKBUCK · price
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BlackBuck reported Q3FY26 total income of ~₹189 crore, up 53% year-on-year, with adjusted EBITDA of ~₹50 crore (up 51% YoY) and PAT of ~₹32 crore. The 9-month adjusted EBITDA stood at ~₹140 crore, more than double the ~₹64 crore in the same period last year. Core businesses (tolling, telematics) grew 31.5% YoY with payment GTV up 23.5%, while growth businesses (superloads, vehicle finance) surged ~271% YoY. Superloads is now live in 9 cities, up from 4 last quarter, with management guiding to 14 cities by June 2026; vehicle finance disbursals grew 35% sequentially. Management noted that despite higher investments in newer verticals, operating leverage in the core business continues to deliver consistent profitability, with an exceptional item of ~₹3.5-4 crore hitting PAT due to wage code changes.
A strong quarter demonstrating sustained profitability alongside aggressive expansion into new verticals, which should support investor confidence. However, management's repeated refusal to provide forward-looking guidance on growth businesses and incremental margins may limit near-term upside expectations, even as the long-term compounding story remains intact.