BLACKBUCK LIMITED Earnings Summary — Q1 FY2027
BlackBuck Reports Profitable Q1 FY2027 with Strong Revenue Growth and Subsidiary Expansion
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 9 consecutive quarters.
- Revenue of ₹204 Cr is 42.2% higher year-on-year.
- Revenue has compounded at 41.7% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹42 Cr is 25.1% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 29.3% annualised across the period.
- Operating margin stands at 24.4% in Q1 FY2027.
- Operating margin compressed by 378 bps year-on-year.
- Over the last two years operating margin has expanded by 1528 bps.
- PBT margin is 20.6%.
- Expenses grew 49.7% against revenue growth of 42.2%.
- Operating profit of ₹50 Cr is 23.0% higher year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 74/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 204 | 185 | 172 | 151 | 144 | 122 | 114 | 99 | 92 | 93 |
| Expenses | Accelerating | 154 | 140 | 127 | 115 | 103 | 82 | 84 | 84 | 84 | 180 |
| Operating Profit | Strong Uptrend | 50 | 45 | 45 | 37 | 40 | 40 | 30 | 15 | 8 | -87 |
| Operating Margin | Improving | 24.4% | 24.3% | 26.1% | 24.2% | 28.1% | 32.6% | 26.3% | 15.2% | 9.1% | -93.1% |
| Other Income | Volatile | 16 | 14 | 13 | 16 | 16 | 9 | -69 | -276 | 28 | 3 |
| Interest | Improving | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Depreciation | Strong Uptrend | 23 | 17 | 14 | 12 | 9 | 12 | 8 | 7 | 7 | 6 |
| Profit Before Tax | Volatile | 42 | 40 | 42 | 39 | 46 | 35 | -48 | -269 | 29 | -91 |
| Tax | Volatile | -0 | -25 | 11 | 10 | 12 | -245 | 0 | 0 | 0 | -0 |
| Net Profit | Volatile | 42 | 66 | 32 | 29 | 34 | 280 | -48 | -269 | 29 | -91 |
| Net Margin | Volatile | 20.6% | 35.5% | 18.5% | 19.3% | 23.5% | 230.0% | -42.1% | -272.8% | 31.1% | -97.3% |
Key Takeaways
- Revenue from operations grew 42% YoY to ₹2,041.68 million, driven by the core Truck Operator Services segment.
- BlackBuck Finserve Private Limited, the company's lending arm, was officially classified as a 'Material Subsidiary' as its net worth exceeded 10% of the consolidated total.
- The Lending Business segment turned profitable at the results level, reporting ₹1.37 million compared to a loss of ₹1.73 million in the prior quarter.
- Consolidated Net Profit rose 25% YoY to ₹421.67 million, though it declined QoQ due to a large deferred tax credit that inflated the previous quarter's results.
- The company effectively managed overheads, with employee share-based payment expenses decreasing slightly to ₹49.03 million from ₹51.34 million QoQ.
- Organizational stability was reinforced by the withdrawal of the resignation of the Company Secretary and Compliance Officer, who will continue in his role.
Management Guidance
Management is focusing on scaling high-margin digital services and vehicle financing. The classification of the fintech arm as a material subsidiary signals intent to further capitalize on the lending opportunity within the truck operator ecosystem.
Sentiment Shift
Improving
The company has solidified its transition to profitability and is successfully scaling its lending business, which has achieved a positive segment result for the first time this year.
Outlook
The outlook remains strong as BlackBuck leverages its asset-light digital platform to cross-sell payments, telematics, and financing to its fragmented user base. The operational turnaround is now being reflected in consistent bottom-line performance.
From the Annual Report (Key Quotes)
“BlackBuck Finserve Private Limited... has become a Material Subsidiary of the Company, as its networth has exceeded 10% of the consolidated networth.”
“The operating segments comprises of: (i) Truck operator services... (ii) Lending business: Engaged primarily in business of providing loans for purchase of commercial vehicles.”
“Mr. Barun Pandey... has withdrawn his resignation... he will continue to hold the position of Company Secretary and Compliance Officer without any break in his services.”
Official Quarterly Documents
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This summary is AI-generated from BLACKBUCK LIMITED's latest quarterly filing and earnings call. For informational purposes only — not investment advice.