Latest news with #ZinkaLogisticsSolutionsLimited
Economic Times
5 days ago
- Business
- Economic Times
Trucking aggregator Blackbuck logs 56% rise in Q1 revenue, net profit up 17%
In the post-earnings investor presentation, the company said its core businesses were growing at 40.62%, leveraging the tailwinds of the trucking industry and strong execution. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Trucking aggregator Blackbuck saw a 56% rise in its revenue from operations for the first quarter (Q1) of financial year 2025-26 to Rs 143.6 crore from Rs 92 crore reported a year Bengaluru-based company's net profit rose just 17.5% year-on-year (YoY) to Rs 33.7 crore from Rs 28.67 crore. However, its net profit plunged 88% on a quarterly Q4 of FY2025, Blackbuck reported a net profit of Rs 280 crore on account of a reduction in total expenses as well as a deferred tax credit of Rs 247 the company's revenue increased by 56% YoY, its expenses also rose to Rs 114 crore in Q1 from Rs 92 crore reported a year earlier. For the June quarter, employee benefit expenses fell marginally to Rs 37 crore from Rs 39 crore, while all other expenses platform's average monthly transacting truck operators grew by 13.87% to 783,399.'Q1 and Q2 are typically the seasonal months in terms of the addition of truck operators and the whole movement of trucks,' the company said in an investors' call. 'Most of the growth typically comes from Q3 and Q4 because that's where the whole operating leverage extends not only to the contribution to Ebitda but also to the sales leverage.'Blackbuck's core business offerings include tolling, vehicle tracking, load platform, vehicle financing, and more. 'The core businesses are growing at 40.62%, leveraging the tailwinds of the trucking industry and strong execution excellence,' the company said in the investor the Q4 results announcement, the company informed the stock exchanges that its board of directors approved a proposal to change the company's name from 'Zinka Logistics Solutions Limited' to 'Blackbuck Limited' or any other name that the Union ministry of corporate affairs approves, subject to shareholder which is backed by Accel and Flipkart, was listed on the stock exchanges last November. The shares of Blackbuck's parent company rose 3.03% to close at Rs 484.45 on the BSE on Tuesday.
Time of India
5 days ago
- Business
- Time of India
Trucking aggregator Blackbuck logs 56% rise in Q1 revenue, net profit up 17%
Trucking aggregator Blackbuck saw a 56% rise in its revenue from operations for the first quarter (Q1) of financial year 2025-26 to Rs 143.6 crore from Rs 92 crore reported a year Bengaluru-based company's net profit rose just 17.5% year-on-year (YoY) to Rs 33.7 crore from Rs 28.67 crore. However, its net profit plunged 88% on a quarterly Q4 of FY2025, Blackbuck reported a net profit of Rs 280 crore on account of a reduction in total expenses as well as a deferred tax credit of Rs 247 the company's revenue increased by 56% YoY, its expenses also rose to Rs 114 crore in Q1 from Rs 92 crore reported a year earlier. For the June quarter, employee benefit expenses fell marginally to Rs 37 crore from Rs 39 crore, while all other expenses platform's average monthly transacting truck operators grew by 13.87% to 783,399.'Q1 and Q2 are typically the seasonal months in terms of the addition of truck operators and the whole movement of trucks,' the company said in an investors' call. 'Most of the growth typically comes from Q3 and Q4 because that's where the whole operating leverage extends not only to the contribution to Ebitda but also to the sales leverage.'Blackbuck's core business offerings include tolling, vehicle tracking, load platform, vehicle financing, and more. 'The core businesses are growing at 40.62%, leveraging the tailwinds of the trucking industry and strong execution excellence,' the company said in the investor the Q4 results announcement, the company informed the stock exchanges that its board of directors approved a proposal to change the company's name from 'Zinka Logistics Solutions Limited' to 'Blackbuck Limited' or any other name that the Union ministry of corporate affairs approves, subject to shareholder which is backed by Accel and Flipkart, was listed on the stock exchanges last November. The shares of Blackbuck's parent company rose 3.03% to close at Rs 484.45 on the BSE on Tuesday.
Time of India
27-05-2025
- Business
- Time of India
Trucking aggregator Blackbuck logs 31% rise in Q4 revenue, turns in a profit of Rs 280 crore
Live Events Trucking aggregator Blackbuck on Tuesday announced its January-March quarter results for the financial year 2024-25, which saw a 31% year-on-year (YoY) increase in operating revenue to Rs 121.8 crore from Rs 93.2 crore reported in the year Bengaluru-based company also turned profitable in the fourth quarter. Its net profit for the fourth quarter of FY25 stood at Rs 280.1 crore, which is a significant improvement from the Rs 90.7 crore loss reported last year for the same quarter. This is on account of the reduction in total expenses as well as a deferred tax credit of Rs 247 the March quarter, the company reduced its employee benefit cost to Rs 33 crore in Q4 FY25 from Rs 128 crore in Q4 FY24. Depreciation, amortisation and other expenses together brought the total expenses to Rs 93 crore, down from Rs 186 crore reported last year for the same company's core businesses, tolling and vehicle tracking solutions, continued to account for the majority of revenues and saw a 28% YoY growth in the March quarter compared to the year before for the financial year ended 31 March 2025, the company's losses narrowed to Rs 8.6 crore from Rs 193.9 crore reported in FY2024. The operating revenue for FY25 almost doubled to Rs 426.7 crore from Rs 296.9 crore.'Platform engagement metrics continue to grow, on a YoY basis: almost 21% growth in monthly transacting truck operators, almost 35% growth in payments GTV and growth of about 8.5% in time spent by users on the app in FY25,' the company said in its investor the company informed the stock exchanges that in a meeting held on Tuesday, its board of directors approved a proposal to change the company's name from 'Zinka Logistics Solutions Limited' to 'Blackbuck Limited' or any other name after the ministry of corporate affairs approves, subject to shareholder approval. Accel and Flipkart-backed Blackbuck got listed on the stock exchanges last November . On Tuesday, its share dropped 1.56% to close at Rs 457.45 on the BSE. The results were announced post-market hours.
