Logistics Major BlackBuck Reports Profitable Quarter with Significant Profit Turnaround and Revenue Growth

BlackBuck, a major player in the Indian logistics sector, has reported a significant financial turnaround in its second quarter of fiscal year 2026 (Q2 FY26). The company posted a profit of INR 29.2 crore, a substantial improvement from the INR 308.4 crore loss recorded in the same quarter last year. It's important to note that the prior year's results were heavily impacted by a one-time share-based payment expense of INR 320.7 crore. Excluding this, the year-ago profit would have been INR 12 crore. The company's top line also demonstrated robust growth, with operating revenue reaching INR 151.1 crore, marking a 53% increase year-on-year and a 5% rise quarter-on-quarter. Including other income, total income stood at INR 167.2 crore, while total expenses grew 40% year-on-year to INR 128.3 crore. This performance indicates improved operational efficiency and market position.

**Impact** This news is significant for investors in the logistics sector, showing a company's ability to recover from losses and achieve profitability. It suggests positive trends in the industry and potentially higher valuations for well-performing logistics companies. Rating: 7/10.

**Definitions**: Share-based payment expense: This is a non-cash expense recognized when a company grants equity instruments (like stock options or restricted stock units) to employees or other service providers as part of their compensation. It reflects the cost of these equity awards.