Bengaluru-based trucking aggregator Blackbuck has announced a remarkable financial turnaround in the fourth quarter of the fiscal year 2024-25, posting a net profit of Rs 280.1 crore. This is a significant improvement from a loss of Rs 90.7 crore reported in the same quarter last year, driven largely by cost reductions and a deferred tax credit of Rs 247 crore.
Robust Revenue Growth and Profitability
Blackbuck’s operating revenue for Q4 FY25 surged 31% year-on-year to Rs 121.8 crore from Rs 93.2 crore in Q4 FY24. The company’s core businesses, including tolling and vehicle tracking solutions, contributed strongly with a 28% increase in revenue during the quarter. This growth reflects the company’s expanding footprint in the logistics and trucking sector.
For the full financial year ended March 31, 2025, Blackbuck’s operating revenue nearly doubled to Rs 426.7 crore from Rs 296.9 crore in FY24. Although the company still reported a narrow loss of Rs 8.6 crore for FY25, this was a substantial improvement from the Rs 193.9 crore loss recorded in FY24.
Strategic Cost Optimization Drives Profit
A key factor behind Blackbuck’s profitability in Q4 was a sharp reduction in expenses. Employee benefit costs dropped dramatically from Rs 128 crore in Q4 FY24 to Rs 33 crore in Q4 FY25. Total expenses, including depreciation and amortisation, were cut to Rs 93 crore from Rs 186 crore year-on-year.
This disciplined cost management helped the company reduce its losses significantly and improve its financial health, positioning it well for sustainable growth.
Growing Platform Engagement and Market Presence
Blackbuck’s platform engagement metrics show promising trends, with a 21% increase in monthly transacting truck operators and a 35% rise in payments Gross Transaction Value (GTV) during FY25. Users are also spending more time on the app, with an 8.5% increase in average time spent, indicating growing trust and reliance on Blackbuck’s digital logistics solutions.
Name Change and Market Position
In a recent board meeting, Blackbuck approved a proposal to change its company name from ‘Zinka Logistics Solutions Limited’ to ‘Blackbuck Limited’, pending regulatory and shareholder approvals. The company, backed by investors like Accel and Flipkart, was listed on stock exchanges in November 2024.
Despite the positive results, Blackbuck’s shares experienced a slight dip, closing at Rs 457.45 on the BSE on the day of the announcement.
Challenges and the Road Ahead
While the Q4 results are encouraging, Blackbuck faces ongoing challenges in a highly competitive logistics market. The company’s journey from losses to profitability reflects its efforts to streamline operations and leverage technology for efficiency.
Sustaining this momentum will require continued innovation, expansion of services, and maintaining cost discipline to compete effectively with other players in the sector.
Conclusion
Blackbuck’s Rs 280 crore profit in Q4 FY25 marks a significant milestone in its financial recovery and growth trajectory. With strong revenue growth, improved cost management, and increasing platform engagement, the company is well poised to strengthen its leadership in India’s digital trucking ecosystem. This turnaround story underscores the resilience and potential of India’s logistics startups in transforming traditional industries through technology.
If Blackbuck continues on this path, it could become a key enabler of India’s logistics infrastructure, supporting the country’s broader goals of Atmanirbhar Bharat and supply chain modernization.