Blackbuck Ltd · NSE:BLACKBUCK
Blackbuck — Q4 FY26 Earnings Presentation
13 slides from Blackbuck's earnings presentation, May 19, 2026
Slide 1: Exchange filing cover letter for investor presentation
` Ref: BLACKBUCK/CORP/2026-27/23 May 19, 2026 To To National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Dalal Street Bandra (E), Mumbai – 400051 Mumbai – 400001 Scrip Code: 544288, Scrip Symbol: BLACKBUCK, Series – EQ ISIN-
Slide 2: Q4'26 & FY26 Earnings Presentation
Q4’26 & FY26 Earnings Presentation
Slide 3: Snapshot of FY'26
Snapshot of FY’26 ₹ 714.60 Cr. ₹ 166.76 Cr. ₹ 160.34 Cr. Total Income1 EBITDA2 PAT3 ▲ 55% YoY ▲ 79% YoY --- 818,259 411,765 ₹ 25,904 Cr. Transacting Customers Users (>=2 Services) GTV Tolling ▲ 13% YoY ▲ 22% YoY ▲ 27% YoY 1. Total Income is defined as Total Income as per audited statement of consoli
Slide 4: Our Strategy
Our Strategy Offerings Tolling Vehicle Fuel Vehicle Loads Superloads Fuel Fleet Docs + Pipeline Tracking Payments Finance Classified Sensor … BlackBuck Platform 818K+ x 44 Mins Transacting Customers Daily App Usage Truck Operator’s Lifecycle 10K+ 80%+ Distribution Physical Touchpoint Districts Prese
Slide 5: Key KPIs
Key KPIs METRICS Q4’26 Q4’25 YoY FY’26 FY’25 YoY Average monthly transacting truck operators Units 866,091 765,397 13% 818,259 721,932 13% Monthly transacting users using at least two Units 441,874 366,749 20% 411,765 339,701 21% services Time spent on App Daily by Transacting Minutes 45.01 43.74 3%
Slide 6: Key Highlights
Key Highlights • Revenue from operations grew 53% Y-o-Y in FY’26 and 52% Y-o-Y in Q4’26 o Core businesses grew by 34% Y-o-Y in FY’26 and 29% on a Y-o-Y basis in Q4’26 ✓ Tolling business delivered strong performance with GTV growth of ~27% Y-o-Y vs NETC CV industry growth of ~16%; ✓ Telematics busine
Slide 7: P&L Overview
P&L Overview METRICS Q4’26 Q4’25 YoY FY’26 FY’25 YoY Total Income1 ₹ in Cr 199.57 136.65 46% 714.60 462.40 55% Revenue from Operations ₹ in Cr 185.43 121.81 52% 651.97 426.73 53% - Core (Payments & Telematics) ₹ in Cr 144.42 111.65 29% 525.46 392.15 34% - Growth Businesses ₹ in Cr 41.01 10.16 304% 1
Slide 8: Strong track record continues
Strong track record continues Adj. EBITDA (INR Cr) PAT (INR Cr) 190.14 160.34 103.16 -8.66 -6.26 -193.94 -290.49 +451 -173.87 +364 FY 23 FY 24 FY 25 FY 26 FY 23 FY 24 FY 25 FY 26 Consistent profitability with strong operating leverage 7
Slide 9: Thinking Ahead
Thinking Ahead Core Businesses Growth Businesses Tolling Vehicle Tracking SuperLoads Classifieds Fuel Cards AIS-GPS Vehicle Finance +++ (Experiments) Fuel Sensor +++ (Experiments) Key Focus Key Focus - Strengthen existing markets in superloads; - Strong profitability enabled by operating leverage ac
Slide 10: Annexures
Annexures 9
Slide 11: Annexure 1: Walkthrough from PAT to Adjusted EBITDA
Annexure 1: Walkthrough from PAT to Adjusted EBITDA (in INR Cr.) METRICS Q4’26 FY 26 Profit / (loss) after Tax 65.73 160.34 Less: Profit from discontinued operations - - Other income 14.14 62.64 Add: Income tax expense (25.36) 7.13 Finance cost 1.48 5.48 Depreciation and amortisation expense 17.36 5
Slide 12: Annexure 2: ESOP Expense Projections
Annexure 2: ESOP Expense Projections ESOP Charge in P&L Quarter (In Cr.)* Q1’27 4.01 Q2’27 3.96 Q3’27 2.96 Q4’27 2.04 Q1’28 1.93 Q2’28 1.91 Q3’28 1.49 Q4’28 1.00 * ESOP Charge is projected assuming no further grants and estimates regarding attrition date. The attrition rate is based on historical an
Slide 13: Annexure 3: Cashflow
Annexure 3: Cashflow PARTICULARS FY’26 FY’25 Profit/(Loss) before Tax 167.48 (253.30) Operating Adjustments: Exceptional Item (Share based Payment Expense) - 390.18 Employee Share-based payments 23.38 10.08 Profit on sale of Contract Freight Business - (40.83) Depreciation and amortisation expense 5