Conference Call with Black Box Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Black Box announced Q1FY26 results Revenue for Q1FY26 stood at Rs 1,387 crore compared to Rs 1,423 crore in Q1FY25. EBITDA for the quarter was Rs 116 crore, representing a 1% YoY growth. EBITDA margins improved by 30 basis points to 8.4% in Q1FY26 YoY. Profit after tax (PAT) rose 28% YoY to Rs 47 crore from Rs 37 crore in Q1FY25. PAT Margin: 3.4% for Q1FY26. Sanjeev Verma, Whole Time Director, said: "Over the past five years, we have transformed Black Box from a loss-making entity into a profitable, cash-generating business with a strong balance sheet. With the turnaround complete, FY26 is about accelerating growth, scaling revenues, and capturing market leadership. While the year began at a slower pace, we are seeing solid traction in key accounts and are actively engaged in multiple high-value opportunities. Supported by our differentiated capabilities, robust pipeline, and committed teams, we remain confident in delivering sustainable, long-term growth." Deepak Kumar Bansal, Executive Director and Global CFO, said: “While Q1 is typically softer than Q4, this quarter’s performance also reflected some client-driven delays in equipment procurement due to the prevailing tariff environment, which impacted the timing of revenue recognition and operating margins. Despite this, we achieved year-on-year growth in both EBITDA and PAT, demonstrating our operational efficiency and margin resilience. With a robust order book, healthy cash reserves, and a strengthened go-to-market strategy, we remain confident to deliver on our growth ambitions for the remainder of the fiscal year.” Result PDF
Conference Call with Black Box Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Black Box announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue: Rs 1,545 crore, up 4% YoY EBITDA: Rs 147 crore, up 21% YoY; EBITDA margin at 9.5%, up 130 bps YoY PAT: Rs 60 crore, up 48% YoY and 8% QoQ; PAT margin at 3.9%, up 120 bps YoY FY25 Financial Highlights: Revenue: Rs 5,967 crore vs. Rs 6,282 crore in FY24 FY25 revenue moderated due to delayed customer decision-making and strategic exit from low-margin accounts Renewed go-to-market strategy and improved pipeline execution expected to support growth from Q2 FY26 EBITDA: Rs 531 crore, up 24% YoY; EBITDA margin improved by 210 bps to 8.9% PAT: Rs 205 crore, up 49% YoY; PAT margin improved to 3.4%, up 120 bps YoY Sanjeev Verma, Whole Time Director, stated: "Our strategic focus on high-value customer segments and operational rigor has led to a meaningful expansion in both order book and profitability. The ongoing digital and AI-driven transformation across industries presents structural growth opportunities, and we are well-positioned to capitalize on them." Deepak Kumar Bansal, Executive Director and Global CFO, added: " FY25 marked strong progress on profitability and capital efficiency. Our EBITDA margins continue to move toward our double-digit target, supported by quality of revenues and operating discipline. With strong ROE, a robust pipeline, and healthy cash reserves, we remain confident in delivering on our financial performance guidance for FY26." Result PDF
Conference Call with Black Box Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Black Box announced Q3FY25 results Revenue for Q3FY25 stood at Rs 1,502 crore, compared to Rs 1,655 crore in Q3FY24 EBITDA for the quarter was Rs 134 crore, reflecting a growth of 15% YoY. EBITDA margins for Q3FY25 improved by 130 basis points YoY to 8.9% Profit after tax for Q3FY25 stood at Rs 56 crore, highest ever, growing by 37% YoY and 10% QoQ. PAT margins improved by 120 bps YoY and stood at 3.7% in Q3FY25 Sanjeev Verma, Whole Time Director, Black Box said, “The rapid advancements in AI and the ongoing developments in this field are expected to drive a global surge in demand for AI tools across businesses. This, in turn, will accelerate the need for robust digital infrastructure. As a result, hyperscalers are making significant capital investments in AI infrastructure and data centers, reinforcing our confidence in reaching our growth target of US $2 billion in revenue by FY29.” Deepak Kumar Bansal, Executive Director and Global Chief Financial Officer of Black Box, commented, “Our relentless focus on improving operating performance allowed us to achieve highest ever quarterly PAT. The company has, over the last few years, consistently generated strong ROE and ROCE, and remains committed to generating positive cash flows and better returns for the shareholders. Better efficiencies and productivity helped us in achieving stronger than estimated margins.” Result PDF
IT Consulting & Software company Black Box announced Q2FY25 results Revenue from Operations: Rs 1,497 crore compared to Rs 1,574 crore during Q2FY24, change -5% Q2FY25 PAT at Rs 51 crore; up 60% YoY. PAT Margin: 3.4% for Q2FY25. Q2FY25 EBITDA at Rs 135 crore; up 34% YoY. EBITDA margin: 9.0% for Q2FY25. Sanjeev Verma, Whole Time Director, Black Box said: “Our strategic focus on reorganising the business into industry verticals and a horizontal business layer will help us to transition into the next phase of growth. A focused approach to targeting premium customers will lead to deeper engagement with our clients making us among the preferred digital infrastructure solutions provider globally. Additionally, our cost optimization efforts will yield consistent growth in operating performance and enhanced productivity leading to better margins. We have secured funding of Rs 386 crore, which will strengthen our balance sheet and help us make accelerated investments to propel growth across key focus areas.” Deepak Kumar Bansal, Executive Director and Global Chief Financial Officer of Black Box, said: “Our commitment towards better performance achieved through operating leveraging is starting to yield results as our operating and profitability margins continue to rise quarter on quarter. As we re-architecture our GTM, we will see further improvement in our operating performance, higher profitability and improved cash flows. At Rs 51 crore of PAT in Q2FY25 we are already at a run-rate of above Rs 200 crore of PAT and are hopeful to achieve our full year FY25 profitability targets. Result PDF
Conference Call with Black Box Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Black Box Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.