BlackBuck (BLACKBUCK) Q4 25/26 earnings summary

Executive summary

• Achieved strong growth in FY26 with total income of ₹715 crore, up 55% year-over-year, and EBITDA of ₹167 crore, up 80% year-over-year, marking the first full year of profitability at PAT level with ₹160 crore PAT.

• Audited standalone and consolidated financial results for the year ended March 31, 2026, were approved, showing a return to profitability after a prior year loss.

• Platform reached 8.5 lakh monthly transacting customers, representing 25-30% of Indian truckers, with high engagement and deep usage.

• Core businesses (Payments & Telematics) grew 34% year-over-year, while growth businesses (SuperLoads, Vehicle Finance) surged 266% year-over-year.

• No deviations in the utilization of IPO funds; funds were used as planned for sales, marketing, and NBFC subsidiary capital augmentation.

Financial highlights

• Consolidated revenue from operations for FY26 was ₹6,519.67 million, up from ₹4,267.28 million year-over-year; Q4 FY26 revenue grew 52% year-over-year.

• Adjusted EBITDA for the full year was ₹190 crore; PAT was ₹160 crore, with Q4 Adjusted EBITDA at ₹50.2 crore, up 30% year-over-year.

• Free cash flow conversion remained strong, with INR 185-190 crore generated in FY26; net cash inflow from operating activities was ₹169.43 crore.

• Earnings per share (consolidated, basic) for FY26 was ₹15.36, up from a loss of ₹0.49 in FY25.

• Cash and cash equivalents (consolidated) at year-end were ₹915.61 million.

Outlook and guidance

• Expect short-term headwinds from the West Asia conflict, potentially dragging on trade movement and short-term growth.

• Long-term growth, retention, and ARPU projections remain intact; strategy is to continue compounding profitability and investing in growth businesses.

• The company continues to monitor regulatory changes, especially regarding new labor codes, and will adjust accounting as needed.