Black Box Limited reported a consolidated net profit of ₹218 crore for the financial year ended March 31, 2026, a 6% increase from ₹205 crore in FY25. Revenue from operations for the year rose 6% to ₹6,322 crore, driven by strong momentum in data center and digital infrastructure solutions. The Board of Directors has recommended a final dividend of 50%, or ₹1 per equity share of face value ₹2 each, subject to shareholder approval.

Consolidated Performance Highlights

The company delivered steady growth across key financial metrics in Q4 FY26, with revenue rising 9% year-on-year to ₹1,691 crore and EBITDA increasing 12% to ₹164 crore. Profit after tax for the quarter stood at ₹65 crore, compared to ₹60 crore in the corresponding period of the previous year. EBITDA margins improved to 9.7% in Q4 FY26 from 9.5% in Q4 FY25.

The following table summarises the key financial metrics for the quarter and year:

Business Highlights and Order Book

Black Box closed FY26 with an order backlog of approximately $792 million (₹7,000 crore), up 57% year-on-year, providing strong revenue visibility for FY27. During Q4 FY26, the company secured new orders worth $377 million (₹3,331 crore). Key wins included a $75 million data center services engagement from a leading US-based global hyperscaler and a multi-year strategic engagement worth over $90 million with a major U.S. international airport.

The company also secured multiple orders totalling ~$19 million from marquee US healthcare and pharmaceutical clients, a $7 million engagement from a major retail chain, and a $3.3 million order from a travel company. In India, Black Box secured engagements totalling ~$2.4 million from a leading telecom operator and ~$1.8 million from a prominent PSU bank.

Strategic and Financial Updates

Strengthening its global footprint, Black Box completed the acquisition of Brazil-based 2S Inovações Tecnológicas S.A. effective May 1, 2026. The acquisition is expected to contribute approximately ₹500 crore in annualized revenue and enhances capabilities in data center networking and managed infrastructure services.

The company successfully raised ₹386.36 crore through the conversion of warrants issued on September 27, 2024. A total of 92,65,215 warrants were converted into equity shares at an issue price of ₹417 per share. Promoters contributed ₹200 crore, representing 51.76% of the total capital infusion, increasing their shareholding to 69.99%.

Regulatory Disclosures

M/s. M S K A & Associates LLP, Statutory Auditors of the Company, issued an unmodified opinion on the audited standalone and consolidated financial statements for the year ended March 31, 2026. The auditors drew attention to delays in remittance of import payments and repatriation of export proceeds aggregating to ₹29.37 crore and ₹6.73 crore respectively, outstanding as of March 31, 2026. The management has filed applications with the appropriate authority for extension of time limits and condonation of delays.

Black Box Limited has designated Mr. Paul Williams as Senior Management Personnel (SMP), effective May 26, 2026. The company disclosed this appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Williams, who serves as the Head of the TPS Business, brings over 30 years of global leadership experience across the technology and consumer products sectors. His previous roles include strategic transformation initiatives at organizations such as Nice Group, GE, Control4, Harman, and Phobos/SonicWall.

In his new role, Mr. Williams is tasked with scaling the TPS division by expanding market reach, accelerating research and development initiatives, and strengthening the product and solutions portfolio. The company stated that his expertise spans smart home solutions, Internet of Things (IoT), Software-as-a-Service (SaaS), and digital transformation.

The disclosure was made pursuant to Regulation 30 read with Para A(7) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Appointment Details