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.
IT Consulting & Software company Black Box announced Q4FY24 & FY24 results: EBITDA increased by a robust 59% YoY to Rs 428 crore with EBITDA margins at 6.8%, a growth of 250 bps YoY. For Q4FY24 EBITDA increased by 28% YoY to Rs 122 crore with EBITDA margins growth of 260 bps YoY to 8.2%. Profit after tax for FY24 increased by 5.8x to Rs 138 crore compared to FY23. For Q4FY24 profit after tax increased by 77% YoY to Rs 41 crore. Commenting on the results and performance Sanjeev Verma, Whole Time Director, Black Box said, “For FY24, we have been exiting low value and long tail customers which led to a miss on our revenue guidance, however, we were able to achieve our EBITDA guidance and PAT was very close to lower end of the guided range. Our core operations have shown remarkable strength, with significant growth in key areas that underscore the robustness of our business model. The slight deviation from our forecast does not detract from the progress we have made and the solid foundation we have built. With robust pipeline and a strong order book, we are confident in the resilience of our business model. As each of our business segments gains momentum, our belief in delivering improved performance in the upcoming years is further reinforced.” Deepak Kumar Bansal, Executive Director and Global Chief Financial Officer of Black Box, commented, “The growth in topline was affected due to delays in decision-making, resulting in a hold-up of new orders in the second half of FY24. However, our strong focus on EBITDA and profitability over the last few quarters has begun to show positive outcomes, as evidenced by a 59% YoY growth in EBITDA and 5.8 times YoY increase in our profit after tax for FY24. We are optimistic that this trend will continue, enhancing both margins and overall profitability, and we are confident in achieving strong performance in fiscal year 2025 and beyond.” Result PDF