Zinka Logistics' net loss widens to Rs 269 cr in Q2 FY25

Revenue from operations jumped 55.89% YoY to Rs 98.77 crore in Q2 FY25.

The company reported profit before exceptional items and tax (PBIT) of Rs 12.49 crore in Q2 FY25 as compared with loss before exceptional items and tax of Rs 39.69 crore in Q2 FY24. Exceptional item stood at Rs 320.74 crore during the quarter.

The core businesses (tolling and vehicle tracking solutions) which contribute to majority revenues continued its growth momentum and delivered a YoY growth of 47% in Q2 FY25.

Average monthly transacting truck operators jumped 22.32% to 699,206 units during the quarter as compared with 571,606 units in same quarter previous year.

Gross transaction value of payments increased 31.84% YoY to Rs 5,269 crore in Q2 FY25.

Zinka Logistics Solution offers a digital platform, the BlackBuck app, for truck operators. Truck operators use the BlackBuck app for their diverse business needs. It offers payments, telematics, a freight marketplace, and vehicle financing services to help truck operators manage their business and grow their income.

The counter fell 0.08% to end at Rs 423.35 on Friday, 13 December 2024.

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