| Management target | Revenue 27.0% FY27 |
|---|
| Revenue growth | 24% YoY growth to record ₹1,719 crore. |
|---|---|
| Margins | EBITDA margins expanded 90 bps to 9.3% on operating leverage. |
| Order book | $950M record backlog, up 83% YoY; $339M new bookings. |
| Demand visibility | Strong visibility through $950M order backlog spanning 24-36 months. |
| Management confidence | High confidence in AI-led infrastructure super-cycle and scaling phase. |
Growth
Revenue grew 24% YoY to ₹1,719 Cr; EBITDA rose 38%. Organic growth remains dominant despite the 2S Brazil acquisition.
Outlook
Guidance for FY27 revenue of ₹7,800-8,000 Cr and PAT of ₹325-350 Cr, implying significant H2 acceleration.
Risks
Heavy dependence on hyperscaler capex cycles and execution delays in large-scale, multi-year projects.
Last quarter's promises, checked
Delivered
- Guided 9% EBITDA margin → delivered 9.3% (= BEAT)
- Guided $800M backlog → delivered $950M (= BEAT)
- Guided scale-up from transformation → delivered 24% YoY growth (= BEAT)
Partly delivered
- Guided ₹6,000Cr FY26 revenue → delivered ₹1,719Cr Q1 (on track, but back-ended) (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: BBOX. Summary written with AI assistance from the document.
Black Box Ltd: key numbers
- Share price
- ₹872.50
- Market cap
- ₹15,496 Cr
- Revenue (annual)
- ₹6,322 Cr
- Net profit (annual)
- ₹217.5 Cr
- P/E (TTM)
- 68.6×Sector 21.8×
- Promoter holding
- 69.95%-0.04% QoQ
- FII holding
- 4.69%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Black Box Ltd
All →Black Box Annual General Meeting
Black Box Limited held its 40th Annual General Meeting on September 16, 2026. The meeting proceedings covered financial statement adoption, director reappointment, and dividend declaration.
Black Box Other Announcement
Black Box Ltd filed its quarterly shareholding pattern for the quarter ended December 31, 2025, in compliance with SEBI Regulation 31(1)(b) requirements.
Black Box Annual Report
Black Box Limited has submitted its Annual Report for FY 2025-26, including the Notice of the 40th Annual General Meeting, to the stock exchanges.
Black Box Business Update
Black Box Limited submitted its Business Responsibility and Sustainability Report for FY 2025-26. This filing details the company's sustainability performance and operational metrics per SEBI regulations.
Black Box Annual General Meeting
Black Box Ltd issued the notice for its 40th Annual General Meeting scheduled for September 16, 2026. The meeting will address financial statements, dividend declaration, and capital reclassification.
Black Box Investor Presentation: Key Takeaways
Black Box reported record Q1 FY27 revenue driven by AI-led infrastructure demand and the '2S' acquisition in Brazil.
- Call
- Guides 27% growth