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Logistics company BlackBuck posted a consolidated net profit of INR 280.1 Cr in Q4 FY25 as against a net loss of INR 90.8 Cr in the year-ago quarter. The company had reported a net loss of INR 48 Cr in the previous quarter.
However, one of the key reasons behind the profit in Q4 was a tax credit INR 245 Cr. Excluding it, BlackBuck would have posted a profit of about INR 35.1 Cr in the quarter under review.
BlackBuck’s operating revenue zoomed 30.6% to INR 121.8 Cr in Q4 FY25 from INR 93.2 Cr in the corresponding quarter last year. Sequentially, it grew 6.9% from INR 113.9 Cr.
Total expenses in Q4 FY25 stood at INR 95.18 Cr, down 49.1% from INR 187 Cr in Q4 FY24, showing strong cost control. However, expenses rose 2.1% quarter-on-quarter from INR 93.1 Cr.
For the full fiscal year FY25, BlackBuck posted a net loss of INR 8.6 Cr as against a loss of INR 193.9 Cr in FY24. However, the loss would have been higher if not for a tax credit of INR 244.6 Cr in FY25.
Meanwhile, operating revenue jumped 43.7% to INR 426.7 Cr during the year from INR 296.9 Cr in FY24.
(The story will be updated soon)
The post BlackBuck Posts INR 280 Cr Profit In Q4 On Tax Credit appeared first on Inc42 Media.
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