Blackbuck Ltd.Strong Recovery with 42% Revenue Growth

Blackbuck delivered robust Q1 FY27 results with revenue from operations growing 42% year-on-year, despite challenging April conditions that normalized by May-June.

The company reported adjusted EBITDA of ₹55 crore, up 16% year-on-year, and PAT of ₹42 crore, growing 25% year-on-year. Monthly transacting customers reached 900,000, up 13% year-on-year, while multi-service users grew 20% year-on-year. The growth business segment surged 2.5 times year-on-year, with Super Loads accelerating to 44% sequential growth versus 20% last quarter. Management highlighted record telematics device sales, the highest in the company's five-year history, with renewal rates improving to early 80% range after initial renewals.

Core businesses maintained strong operating leverage, converting 60-85% of revenue growth to EBITDA despite industry headwinds. AI implementation achieved significant impact, with 40-50% of Super Loads now AI-enabled and KYC automation delivering 85% headcount reduction. Management expressed confidence in sustained momentum with tolling business fully normalized and Super Loads expansion maturing across 14 cities.