Blackbuck Ltd · NSE:BLACKBUCK
Blackbuck — Q3 FY2026 Earnings Presentation
12 slides from Blackbuck's earnings presentation, Feb 5, 2026
Slide 1: Exchange filing cover letter for investor presentation
` Ref: BLACKBUCK/CORP/2025-26/147 February 05, 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
Slide 2: Q3'26 Earnings Presentation
Q3’26 Earnings Presentation
Slide 3: Snapshot of Q3'26
Snapshot of Q3’26 ₹ 188.27 Cr. ₹ 44.77 Cr. ₹ 31.72 Cr. Total Income1 EBITDA2 PAT3 ▲ 53.12% YoY ▲ 49.36% YoY --- 831,348 419,922 7500.49 Cr. Transacting Customers Users (>=2 Services) GTV Payments ▲ 13.09% YoY ▲ 20.30% YoY ▲ 23.31% YoY Delivering consistent profitability and strong scale-up of new bu
Slide 4: Our Strategy
Our Strategy Offerings Tolling Vehicle Fuel Vehicle Loads Superloads Fuel Fleet Docs + Pipeline Tracking Payments Finance Classified Sensor … BlackBuck Platform 831,348 x 44.25 Mins Transacting Customers Daily App Usage Truck Operator’s Lifecycle 10K+ 80%+ Distribution Physical Touchpoint Districts
Slide 5: Key KPIs
Key KPIs METRICS Q3’26 Q3’25 YoY 9M’26 9M’25 YoY Average monthly transacting truck operators Units 831,348 735,132 13.09% 802,139 707,444 13.39% Monthly transacting users using at least two Units 419,922 349,068 20.30% 401,738 330,104 21.70% services Time spent on App Daily by Transacting Minutes 44
Slide 6: Overview of Q3'26
Overview of Q3’26 • Revenue grew 53.12% Y-o-Y in Q3’26. o Core businesses grew at 31.22% on a Y-o-Y basis and 11.41% on a Q-o-Q basis, with strong momentum in H2. ✓ Tolling business delivered strong performance with GTV growth of ~24% Y-o-Y vs industry growth of ~15%; market share continues to compo
Slide 7: P&L Overview
P&L Overview METRICS Q3’26 Q3’25 YoY 9M’26 9M’25 YoY Total Income1 ₹ in Cr 188.27 122.96 53.12% 514.99 325.55 58.19% Revenue from Operations ₹ in Cr 171.78 113.98 50.71% 466.53 304.92 53.00% - Core (Payments & Telematics) ₹ in Cr 137.42 104.73 31.22% 381.04 280.50 35.84% - Growth Businesses ₹ in Cr
Slide 8: Strong track record continues
Strong track record continues 139.9 Adj. EBITDA (INR Cr) 103.1 64.3 47.2 50.1 42.7 38.8 33.1 19.2 10.4 12.1 3.4 -6.3 -10.7 -9.4 -16.7 Adj. -18.0% -14.9% 4.2% 11.2% 13.1% 19.4% 29.0% 31.8% 35.8% 31.4% 32.8% -8.2% 21.1% 33.3% -2.1% 24.2% EBITDA % Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q
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 - Focus on continuous market share expansion - Aggressive scale-up of SuperLoads - Consistent growth
Slide 10: Annexures
Annexures 9
Slide 11: Annexure 1: Walkthrough from PAT to Adjusted EBITDA
Annexure 1: Walkthrough from PAT to Adjusted EBITDA METRICS Q3’26 9M’26 Profit / (Loss) after Tax ₹ in Cr. 31.72 94.61 Less: Profit/ (Loss) from discontinued operations ₹ in Cr. - - Exceptional items ₹ in Cr. - - Other Gains / Losses (net) ₹ in Cr. - 0.04 Other Income ₹ in Cr. 16.49 48.46 Add: Incom
Slide 12: Annexure 2: ESOP Expense Projections
Annexure 2: ESOP Expense Projections ESOP Charge in P&L Quarter (In Cr.)* Q4’26 6.1 Q1’27 4.2 Q2’27 4.2 Q3’27 3.2 Q4’27 2.2 Q1’28 2.1 Q2’28 2.1 Q3’28 1.6 * ESOP Charge is projected assuming no further grants and estimates regarding attrition date. The attrition rate is based on historical and other