show the freight is finally paying off at scale.
The Bengaluru-based online trucking platform reported operating revenue of Rs 204 crore for the quarter ended June 2026, up 42% from Rs 144 crore in the same period last year, according to financial statements sourced from the National Stock Exchange. Profit rose 24% year-on-year to Rs 42 crore from Rs 34 crore, though it slipped 36% from the previou
, still an early but telling sign of diversification beyond pure freight matching. Add in Rs 16 crore of interest income, and total revenue for the quarter climbed to Rs 220 crore, up from Rs 160 crore a year earlier. Sequentially, operating revenue grew more than 10% from Rs 185 crore in the previous quarter, suggesting the growth curve is holding rather than flattening out.
That growth came with rising costs attached. Employee benefit expenses, which make up over 24% of total spending, rose 16% year-on-year to Rs 43 crore, while overall expenditure jumped to Rs 178 crore from Rs 114 crore, largely on the back of higher depreciation and other operating costs.
Markets, at least for now, seem unbothered by the sequential profit dip. BlackBuck shares were trading around Rs 530 on results day, putting the company's market capitalisation at roughly Rs 9,679 crore, or about $1.02 billion, a valuation that still bets heavily on India's freight highways getting busier from here.
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