India · Delayed Price · Currency is INR BlackBuck Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw 55% revenue growth and first full-year PAT profitability, with strong gains in tolling, telematics, and growth businesses. Short-term headwinds from the Middle East conflict are expected, but long-term growth and profitability strategies remain unchanged.
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Q3 FY26 saw 53% YoY income growth and record adjusted EBITDA, driven by strong core business performance and rapid expansion in Superloads and Vehicle Finance. High contribution margins and continued market share gains support ongoing investments in new verticals.
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Q2 FY2026 saw 61% year-over-year income growth and a 143% rise in EBITDA, with strong gains in both core and growth businesses. Superloads and fuel sensor products are scaling rapidly, while market share in tolling nears 50%. Investments are ramping up to drive future growth.
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Q1 FY26 saw 63% revenue growth and a fourfold rise in adjusted EBITDA, driven by strong core and new business performance. Operating leverage and margins improved, with SuperLoads and other growth businesses showing rapid expansion. Cash flow and profitability remain robust.
Fiscal Year 2025
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Gross revenues grew 46% year-over-year to INR 462 crore, with adjusted EBITDA reaching INR 139 crore. Core businesses contributed 85% of revenue, while growth segments nearly doubled. Market share in tolling rose to 45.5%, and the company maintains strong operating leverage and high contribution margins.
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Q3 FY25 saw 45% revenue growth and a fivefold increase in adjusted EBITDA, driven by strong core business performance and operating leverage. New verticals like fuel sensors and marketplace are scaling rapidly, with improved revenue visibility from regulatory clarity on FASTag fees.
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Q2 FY25 saw 54% revenue growth and a turnaround to positive adjusted EBITDA, driven by strong operating leverage, expanding user base, and rapid scaling of new business verticals. GNSS-based tolling is expected to unlock significant future opportunities.