India, Feb. 5 -- Logistics major BlackBuck saw its consolidated net loss zoom 145% to INR 48.03 Cr in the third quarter of the fiscal year 2024-25 (Q3 FY25) from INR 19.57 Cr in the year-ago quarter on account of an exceptional loss.

Had the company not incurred the exceptional loss of INR 77.89 Cr, it would have turned a net profit of INR 29.86 Cr in the reported quarter.

However, the Flipkart-backed company managed to narrow its net loss by 82% on a sequential basis from INR 269.46 Cr. It must be noted that the company slipped into the red in the preceding September quarter due to an exceptional loss.

Meanwhile, BlackBuck reported a 41% increase in operating revenue to INR 113.98 Cr in Q3 FY25 from INR 80.86 Cr in the corresponding q...