Zinka Logistics Solutions on Wednesday reported widening of its losses to Rs 48 crore for the third quarter ended on December 31, 2024. The company had reported a loss of Rs 19.5 crore in the October-December quarter of the previous year. Sequentially, it reported a loss of Rs 269 crore in July - September quarter of the current fiscal.
The revenue from operations jumped 41 percent to Rs 113.9 crore in the third quarter of the current fiscal from Rs 80 crore in the year-ago period, Zinka Logistics Solutions Ltd said in a regulatory filing.
Zinka Logistics shares made a modest stock market debut on the National Stock Exchange (NSE) at a premium of about 3 percent on November 22. BlackBuck shares were listed at Rs 280.90 per share on the NSE, a premium of 2.89 percent. Shares of the company were listed at Rs 279.05 apiece on the BSE, a premium of 2.2 percent.
Zinka Logistics, through its Blackbuck platform has established itself as India’s largest digital platform for truck operators, facilitating 413.34 million transactions and capturing 27.52 percent of the truck operator market as of FY24. It addresses core needs of truck operators such as tolling, fueling, fleet tracking, and load matching.
The company's total income jumped to Rs 123 crore in the third quarter of the current fiscal from Rs 91 crore in the year-ago period, the company said in a regulatory filing.
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