Trucking aggregator Blackbuck logs 53% rise in Q2 revenue, posts Rs 29 crore profit

Trucking aggregator Blackbuck reported a 53% increase in its revenue from operations, which jumped to Rs 151.1 crore in the September quarter from Rs 98.7 crore a year ago. Its net profit swung to Rs 29.19 crore from a Rs 308.3 crore net loss reported a year ago.

The net profit grew on the back of a steady increase in revenues, even as its expenses grew to Rs 128.2 crore this quarter, from Rs 91.7 crore in the same period last year.

Blackbuck’s core business offerings include its load platform (a digital marketplace matching shippers and truckers), tolling, vehicle tracking, vehicle financing, and more. “Core businesses grew 36.68% on a YoY (year-on-year) basis and about 3% on QoQ, despite the seasonally slow quarter,” the company said in its investor presentation.


According to the company, its business plan includes a focus on market share expansion, growth, and profitability. For growth, Blackbuck plans to aggressively scale up Superloads (a premium, value-added service), Classifieds (its regular marketplace service), and vehicle finance.

“Growth businesses grew 226.13% YoY and 19.01% QoQ, led by the growth in ‘Superloads’ and ‘Vehicle Finance’ businesses. Superloads has made strong progress in establishing the playbook,” the company said in its presentation. It plans to expand its businesses to 10 new cities over the next six months.

The platform’s average monthly transacting truck operators grew 13.2% YoY to 7,91,670 in the September quarter.

Blackbuck, backed by Accel and Flipkart, listed on the stock exchanges last November.