Black Buck Ltd — earnings calls

BlackBuck reported total income growth of about 38% year-on-year in Q1 FY27, with EBITDA growing 23% to close to Rs 50 crore and PAT growing 25% to Rs 42 crore. Management said core businesses like tolling and telematics continued to compound despite macro headwinds in April, while the newer super loads and vehicle finance growth businesses accelerated sequential growth to 44% from 20% in the prior quarter. Management also described telematics device sales reaching a record quarter and reiterated that vehicle finance is expected to reach profitability by the end of the financial year.

BlackBuck reported FY26 total income of about Rs 715 crore, up 55% year-on-year, with adjusted EBITDA of Rs 190 crore, up 84%, and its first full year of PAT profitability at Rs 160 crore. Management said core businesses grew about 34% for the full year and 30% in Q4, while newer growth businesses such as super loads and vehicle finance grew around 300% year-on-year in Q4 off a smaller base. Management flagged short-term headwinds from the West Asia conflict and a temporary suspension of an OMC loyalty program affecting the fuel business, while maintaining that long-term retention and ARPU trends remain unaffected.