Online trucking and logistics platform BlackBuck has reported a strong financial performance in the third quarter of the ongoing fiscal year, posting a net profit of ₹32 crore in Q3 FY26 on the back of sharp revenue growth.
According to the company’s financial disclosures filed with the National Stock Exchange (NSE), BlackBuck’s revenue from operations rose 51% year-on-year to ₹172 crore in Q3 FY26, compared to ₹114 crore in the same quarter last year.
For the nine-month period ended December 2025, the Bengaluru-based company recorded revenue of ₹466.5 crore, marking a 53% increase from ₹305 crore in the corresponding period of the previous year, reflecting continued scale-up across its core services.
BlackBuck’s truck operator services remained the dominant revenue contributor, accounting for nearly 98% of operating revenue during the quarter. In addition, the company earned ₹16 crore in interest income, taking its total income to ₹188 crore in Q3 FY26, up from ₹123 crore in Q3 FY25.
On the cost side, employee benefit expenses accounted for around 29% of total expenditure and rose 16% year-on-year to ₹40.5 crore. Higher depreciation and other operating expenses, driven by platform scale-up and infrastructure investments, pushed total expenses to ₹142 crore, compared to ₹93 crore in the year ago quarter.
The combination of strong topline growth and controlled costs helped BlackBuck swing to profitability, reporting a ₹32 crore profit in Q3 FY26, compared to a loss of ₹48 crore in Q3 FY25. On a sequential basis, profit increased 10% quarter-on-quarter from ₹29 crore in Q2 FY26.
During the quarter, BlackBuck chairman and CEO Rajesh Kumar Naidu Yabaji sold 20 lakh shares, representing 9.37% of his holding, in a bulk deal valued at approximately ₹135 crore. Following the transaction, his stake in the company declined from 11.81% to 10.7% of the total 18.07 crore equity shares outstanding.
As of the latest trading session, BlackBuck’s shares were trading at ₹618, valuing the company at a market capitalisation of around ₹11,196 crore ($1.2 billion).
The results underline BlackBuck’s transition toward sustained profitability as digital adoption among truck operators and enterprises continues to deepen across India’s freight and logistics ecosystem.
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