Blackbuck Ltd
Blackbuck Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Core business growth targeted around 25% annually, with a mix of steady core verticals and unpredictable adjacencies contributing to overall growth. Core business growth guidance is around 25% YoY, with growth driven by a mix of core verticals (tolling, telematics) and adjacencies like fuel sensors and value-added services.
From Blackbuck Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Core business growth targeted around 25% annually, with a mix of steady core verticals and unpredictable adjacencies contributing to overall growth.
- Recent quarters show 37-40% YoY growth in core business revenue, with total company revenue growing 38-53% YoY.
- Growth businesses (e.g., Superloads, vehicle finance) showing rapid expansion (226% growth in last quarter sequentially), with plans to expand from 4 to 14-15 hubs in six months.
- Investments ramping up aggressively in new growth areas, though top-line growth from these is currently modest (e.g., growth businesses revenue moved from 23 to 28 crores Q-o-Q).
- Strong focus on scaling market share and extending platform offerings to increase demand and volume.
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Profitability & Margins
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Capital Expenditure Plans
- Blackbuck is making massive investments in new growth areas, including superloads and vehicle finance businesses, as reflected in increased cost line items this quarter (Page 21).
- They are aggressively expanding superloads operations, scaling from about 50 people to 250 people in a few months, indicating significant investment in human capital (Page 16).
- There are plans to expand to 10 new hubs over the next six months, increasing presence from 4 to around 14-15 hubs, implying ongoing capex for infrastructure and operations (Page 6).
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Top-ranked in Transport Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
2 more points from Blackbuck Ltd's call on order book
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Blackbuck Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹183 Cr, net profit ₹66 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Blackbuck Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Blackbuck Ltd Q2 FY26 results?
Core business growth targeted around 25% annually, with a mix of steady core verticals and unpredictable adjacencies contributing to overall growth. Core business growth guidance is around 25% YoY, with growth driven by a mix of core verticals (tolling, telematics) and adjacencies like fuel sensors and value-added services.
What is Blackbuck Ltd share price analysis?
Blackbuck Ltd currently shows a neutral. The stock trades at a P/E of 63.0 with a market cap of ₹10,827 Cr. Investors should review the full earnings analysis for detailed insights.
Is Blackbuck Ltd planning capital expenditure?
Blackbuck is making massive investments in new growth areas, including superloads and vehicle finance businesses, as reflected in increased cost line items this quarter (Page 21).
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.