The shares of the logistics service provider fell up to 4 percent in the morning trading session after a foreign institutional investor, likely to offload a 9 percent stake through a block deal.
With a market capitalization of Rs 7,911.79 crore, the shares of Zinka Logistics Solutions Ltd were trading at Rs 442.95 per share, increasing around 1.25 percent as compared to the previous closing price of Rs 437.50 apiece.
According to the sources, Quickroutes International is likely to offload 9 percent stake in Zinka, targeting to raise Rs 647 crore. The floor price has been fixed at Rs 405 per share, which shows a discount of 8.5 percent from today’s price. As of March 2025, Quickroutes held 1,59,86,298 equity shares, equivalent to a 9.01 percent stake in the company.
Financial & Operational Highlights
Looking forward to the company’s financial performance, revenue increased by 31 percent from Rs 93 crore in Q4FY24 to Rs 122 crore in Q4FY25. Further, during the same time frame, net loss turned into profits from a loss of Rs 91 crore to a profit of Rs 280 crore.
BlackBuck supports the truck operator’s lifecycle with offerings like tolling, vehicle tracking, fuel payments, finance, and more. Its platform engages 7.65 lakh transacting customers with 44 minutes of average daily app usage. With 10,000+ physical touchpoints, it operates across 80 %+ of India’s districts, ensuring strong digital and physical distribution reach.
Management remains highly optimistic, highlighting strong operating leverage and a scalable business model. Emphasis is placed on execution through customer-focused innovation, platform upgrades, and expanded distribution. While vehicle finance grows, the approach remains cautious, prioritizing portfolio quality to ensure sustainability and resilience in line with long-term strategic goals.
BlackBuck is a digital platform designed specifically for truck operators and is operated in India. The platform offers essential services to streamline their operations. Through the BlackBuck app, truck operators can handle toll and fuel payments, track drivers and fleets with telematics, connect with loads on a marketplace, and access financing options for used vehicle purchases.
Written by Abhishek Singh
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