IT Consulting & Software company Black Box announced Q1FY27 results Consolidated Financial Highlights: Total Income: In Q1FY27, the total income stood at Rs 1,722.25 crore, representing a YoY increase of 24.04% from Rs 1,388.46 crore in Q1FY26 and a QoQ growth of 1.72% from Rs 1,693.08 crore in Q4FY26. Revenue from Operations: Revenue for Q1FY27 reached Rs 1,718.50 crore, marking a 23.92% increase YoY compared to Rs 1,386.74 crore in Q1FY26 and a 1.63% increase QoQ from Rs 1,690.94 crore in Q4FY26. Net Profit: The company reported a net profit of Rs 55.92 crore in Q1FY27, reflecting a YoY growth of 17.90% from Rs 47.43 crore in Q1FY26, but a QoQ decrease of 13.65% from Rs 64.76 crore in Q4FY26. Profit Before Tax: For Q1FY27, profit before tax was Rs 61.43 crore, showing a YoY increase of 35.91% from Rs 45.20 crore in Q1FY26 and a QoQ decline of 19.32% from Rs 76.14 crore in Q4FY26. Earnings Per Share (EPS): Basic and diluted EPS for Q1FY27 was Rs 3.15, compared to Rs 2.80 and Rs 2.79 respectively in Q1FY26, and Rs 3.78 and Rs 3.75 respectively in Q4FY26. Standalone Financial Highlights: Total Income: Standalone total income for Q1FY27 was Rs 100.13 crore, up 28.75% YoY from Rs 77.77 crore in Q1FY26, but down 10.88% QoQ from Rs 112.36 crore in Q4FY26. Revenue from Operations: Standalone revenue stood at Rs 96.38 crore in Q1FY27, representing a YoY increase of 26.83% from Rs 75.99 crore in Q1FY26 and a QoQ decrease of 12.66% from Rs 110.35 crore in Q4FY26. Net Profit/Loss: The standalone result for Q1FY27 was a net loss of Rs 2.40 crore, compared to a profit of Rs 1.16 crore in Q1FY26 and a profit of Rs 15.18 crore in Q4FY26. Business Highlights: Segment Performance: System Integration: Revenue reached Rs 1,412.54 crore with segment results of Rs 138.57 crore. Technology Product Solutions: Revenue stood at Rs 267.06 crore with a segment loss of Rs 14.11 crore. Others: Revenue was Rs 38.90 crore with a segment loss of Rs 11.12 crore. Strategic Acquisition: During Q1FY27, the Group acquired a 100% equity interest in 2S Inovagdes Tecnolégicas (“2S”) effective May 1, 2026, for a total purchase consideration of Rs 496.59 crore. Dividend: The Board of Directors recommended a final dividend of Rs 1 per equity share (face value of Rs 2) for the year ended March 31, 2026, subject to shareholder approval. ESOP Scheme: The paid-up share capital increased from Rs 35.50 crore to Rs 35.52 crore following the issue and allotment of 103,950 equity shares pursuant to the ESOP Scheme, 2015 during Q1FY27. Manpower Rationalization: The company incurred an exceptional expense of Rs 15.82 crore in Q1FY27 related to severance costs of BBX Inc. for the rationalization of manpower to enhance operational efficiencies. Regulatory Matters: The audit report noted delays in foreign currency remittances for import payments (Rs 20.95 crore), export proceeds (Rs 9.21 crore), and other receipts (Rs 9.15 crore) beyond FEMA timelines. The company has filed for extensions and condonations with its Authorized Dealer bank. Sanjeev Verma, Whole-time Director & Chief Executive Officer, said: “We have entered FY27 with strong momentum, delivering our highest-ever quarterly revenue of Rs 1,719 crore, up 24% YoY, driven by improved execution of our expanding backlog and the contribution from our recently acquired Brazilian business, 2S. Strong order bookings of USD 339 million lifted our backlog to an all-time high of USD 949 million, providing greater visibility and a strong foundation for sustained growth. Black Box today operates from a fundamentally stronger platform. Our growing participation in AI-led digital infrastructure, expanding hyperscaler relationships and deep presence across approximately 300 strategic enterprise accounts give us significant headroom to scale. Our priority is to convert this opportunity into disciplined, profitable growth as we build towards our ambition of becoming a USD 2 billion revenue company by FY30.” Deepak Kumar Bansal, Executive Director & Global CFO, said: “Q1 demonstrates the improving financial quality of the business, with EBITDA growth outpacing revenue growth and margins expanding by 90 bps. The increasing scale, quality and duration of our order book create a stronger base for growth and enhance revenue visibility Our focus remains on translating this momentum into stronger cash flows and returns through operating leverage, disciplined working capital management and prudent capital allocation, while selectively investing in capabilities that can create sustainable long-term value.” Result PDF
Conference Call with Black Box Management and Analysts on Q1FY27 Performance and Outlook. Listen to the full earnings transcript.