Conference Call with Black Box Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Black Box Management and Analysts on Q3FY26 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Black Box announced Q3FY26 results Revenue for Q3 FY26 stood at Rs 1,660 crore compared from Rs 1,585 crore in Q2FY26, reflecting an 11% YoY growth and 5% QoQ, driven by sustained execution and improved momentum. EBITDA for the quarter was Rs 147 crore, representing a 10% YoY growth and 3% QoQ increase. EBITDA margins remained stable at 8.9%. Profit after tax (PAT) stood at Rs 50 crore compared to Rs 56 crore in Q3FY25, and Q2FY26 respectively. Sanjeev Verma, Executive Director & Chief Executive Officer, Black Box, said: “Our Q3 performance reflects the strength of our focused go-to-market strategy and improving execution across regions. With order bookings on track to reach USD 1 billion in FY26 and backlog expected to grow meaningfully ahead of earlier estimates, we are entering FY27 with strong revenue visibility and momentum. As the business mix continues to improve and higher-value opportunities scale, we are confident of accelerating growth while enhancing the quality and resilience of earnings. The acquisition of 2S is a significant milestone for Black Box. By combining 2S’s CISCO and cloud expertise with Black Box’s infrastructure and A/V capabilities, we are well positioned to deliver a unified enterprise solution, accelerate digital transformation across the high-growth LATAM market, and strengthen our networking and datacentre business. This will allow us to drive greater efficiency and innovation for our customers in the LATAM market, while creating long-term value for our shareholders.” Deepak Bansal, Chief Financial Officer, Black Box, said: “We delivered steady revenue growth with stable operating margins during the quarter, supported by disciplined execution and improved cost absorption. While PAT was impacted by a one-time provision related to the New Labour Code, the underlying profitability trajectory of the business remains intact. With a growing backlog, improving revenue mix, and continued operational efficiencies, we expect earnings growth to progressively strengthen in the coming quarters. Our balance sheet and cash flow position us well to support both organic expansion and strategic inorganic initiatives maintaining financial discipline. The proposed acquisition of 2S represents disciplined and strategically aligned capital allocation that enhances both our growth and profitability profile. We are expecting to add around Rs 500 crore of revenue in FY27 and expect to complete integration and synergy within 90 days of closing. This acquisition strengthens our long-term shareholder value, while our balance sheet remains well positioned to support disciplined organic and inorganic growth.” Result PDF