Published: 13th Nov 2024
By: Value Research
Zinka Logistics-owned BlackBuck is India's largest digital platform for truck operators by number of users. The platform primarily enables customers to digitally manage tolling and fueling payments through fuel cards, FASTag services, among others.
EBIT is earnings before interest and taxes PAT is profit after tax
ROE is return on equity ROCE is return on capital employed TTM is trailing twelve months
Zinka Logistics has the most extensive physical network among new-age digital platforms in the trucking sector. As of June 30, 2024, it provided services across 80% of India's districts, including all major transportation hubs and 76% of the toll plaza network.
During FY22-24, Zinka Logistics consistently delivered losses and reported a negative ROE and ROCE. Further, factors like the presence of established players and operating in an industry affected by seasonality can hamper its financials. To learn why, read the complete analysis by heading to the link below.