Zinka Logistics Solutions Ltd Share Price – NSE /  BSE

Logistics, Small Cap

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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Net Loss of Zinka Logistics Solutions reported to Rs 269.47 crore in the quarter ended September 2024 as against net loss of Rs 47.67 crore during the previous quarter ended September 2023. Sales rose 55.86% to Rs 98.77 crore in the quarter ended September 2024 as against Rs 63.37 crore during the previous quarter ended September 2023.

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Zinka Logistics Solutions will hold a meeting of the Board of Directors of the Company on 13 December 2024

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The scrip was listed at Rs 279.05, exhibiting a premium of 2.22% to the issue price.

So far, the stock has hit a high of 285.80 and a low of 272.90. On the BSE, over 2.70 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of Zinka Logistics Solutions (BlackBuck) was subscribed 1.86 times. The issue opened for bidding on 13 November 2024 and it closed on 18 November 2024. The price band of the IPO was fixed between Rs 259 and Rs 273 per share.

The IPO comprised a fresh issue of equity shares worth up to Rs 550 crore and an offer for sale of 2,06,85,800 equity shares, aggregating up to Rs 564.72 crore.

The objectives of the fresh issue include Rs 200 crore for sales and marketing costs, Rs 140 crore for investment in Blackbuck Finserve to meet its future capital requirements, Rs 75 crore for funding of expenditure related to product development, and the remaining amount for general corporate purposes.

Ahead of the IPO, Zinka Logistics Solutions on Tuesday, 12 November 2024, raised Rs 501.33 crore from anchor investors. The board allotted 1.83 crore shares at Rs 273 each to 26 anchor investors.

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.

In the fiscal year 2024, 963,345 truck operators in the country conducted their business through the platform, representing 27.52% of all Indian truck operators. Truck operators manage their truck-level tolling and fueling operations through the BlackBuck App.

The firm reported a net profit of Rs 32.38 crore and net sales of Rs 92.17 crore for the three months ended on 30 June 2024.

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