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
IT Consulting & Software company Black Box announced Q2FY26 results Revenue for Q2FY26 stood at Rs 1,585 crore from Rs 1,387 crore in Q1FY26, witnessing a growth of 14% QoQ and 6% YoY. EBITDA for the quarter stood at Rs 143 crore, up from Rs 116 crore in Q1FY26 representing a growth of 23% QoQ and 6% YoY. EBITDA margins improved by 60 basis points on a sequential basis to 9.0% in Q2FY26, compared to 8.4% in Q1FY26. Profit after Tax (PAT) stood at Rs 56 crore, up from Rs 47 crore, a growth of 17% quarter-onquarter and 9% YoY. Order momentum remained strong, with the backlog at the end of Q2FY26 at Rs 4,846 crore (USD 555 million), up from Rs 4,523 crore (USD 518 million) at the close of Q1FY26. Sanjeev Verma, Executive Director & Chief Executive Officer, Black Box, said: “Q2FY26 has been a strong quarter, with revenue up 14% sequentially and broad-based growth across key markets. Our transformation journey is driving sustained, profitable momentum, backed by a strong and diversified order book. We are witnessing strong traction in high-growth areas such as data centers and overall digital infrastructure, across our operating markets, and are scaling strategically to capture these opportunities. With solid execution, deep client partnerships, and a healthy pipeline, we remain confident of meeting our FY26 goals.” Deepak Bansal, Chief Financial Officer, Black Box, said: "We delivered a revenue growth in Q2 on the back of good order backlog with EBITDA margins at 9%. Our financial performance reflects the benefits of operational discipline and the impact of our continued transformation efforts. We are focusing on growing business with prudent capital deployment." Result PDF
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