BlackBuck Stock Surges 18%, Reaches New Record High Following Q1 Earnings

BlackBuck Stock Surges 18, Reaches New Record High Following Q1 Earnings

Three points you will get to know in this article:

1. For the first quarter of FY26, Blackbuck reported a net profit increase of 17% year-on-year and a 56% YoY rise in operating revenue.
2. The all-time high price is 129.5% above its 52-week low of INR 248.25 and 104.22% higher than its listing price of INR 279.05 on the BSE on November 22, 2024.
3. So far this year, the stock has yielded a 19.95% return for investors, significantly surpassing the Sensex’s 2.5% increase over the same timeframe

Q1 FY26 Earnings Propel Stock to New Heights

During the early trading hours today, BlackBuck shares surged up to 17.63%, reaching a new record high of INR 569.90, following the logistics giant’s Q1 results announcement.

In Q1 FY26, BlackBuck’s net profit increased by 17% to INR 33.7 Cr, marking a rise of 17.5% from INR 28.7 Cr in the same quarter last year.  Its operating revenue increased to INR 143.6 Cr from INR 92.2 Cr in the first quarter of FY25.

Nonetheless, in a sequential comparison, the company’s bottom line dropped by 88%, from INR 280.2 Cr in Q4 FY25.

Stock Performance Outshines Market Benchmarks

At 11:30 AM, BlackBuck’s stock was trading at INR 553 on the BSE, reflecting a 14.1% increase. The company’s market capitalisation stood at INR 9,807.65 Cr, with 77 Lakh shares exchanged.

The all-time high price stands 129.5% above its 52-week low of INR 248.25 and 104.22% higher than its listing price of INR 279.05 on the BSE on November 22, 2024.

The stock has provided investors with a return of 19.95% year-to-date, significantly surpassing the Sensex’s gain of 2.5% over the same timeframe.

BlackBuck’s Evolution from Truck Aggregator to Logistics Leader

BlackBuck, which started operations as a truck aggregator, was established in 2015 by Rajesh Yabaji, Chanakya Hridaya, and Rama Subramaniam.

Since that time, the firm has broadened its range of offerings and now provides a comprehensive suite of solutions, including load management, telematics, fuel payments, FASTag and toll charge payments, as well as truck financing.

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