Black Box Limited Reports 14% Sequential Revenue Growth in Q2 FY26, Secures Strategic Wind River Partnership

Black Box Limited , a global digital solutions provider, has reported a strong financial performance for the second quarter of fiscal year 2026, with significant revenue growth and strategic partnerships positioning the company for future expansion.

Q2 FY26 Financial Highlights

Black Box achieved a revenue of INR 1,585 crore in Q2 FY26, marking a robust 14% quarter-on-quarter growth and a 6% year-on-year increase. This performance underscores the company's building business momentum and improved execution capabilities.

Financial Metric	Q2 FY26	QoQ Growth	YoY Growth
Revenue	INR 1,585 crore	14%	6%
EBITDA	INR 143 crore	17%	4%
EBITDA Margin	9%	60 bps improvement	-
Profit After Tax	INR 56 crore	17%	9%

The company's EBITDA for Q2 FY26 stood at INR 143 crore, representing a 17% quarter-on-quarter growth and a 4% year-on-year increase. EBITDA margins improved by 60 basis points sequentially to 9%, driven by higher revenue throughput and better fixed cost absorption.

Profit after tax for Q2 FY26 reached INR 56 crore, showing a strong 17% quarter-on-quarter and 9% year-on-year growth, reflecting improved operating leverage and enhanced profitability in the core portfolio.

Strategic Partnership with Wind River

Black Box has announced a significant strategic partnership with Wind River, a global leader in intelligent edge software. This collaboration is expected to generate approximately INR 1,350 crore in revenue over the next 5 years, averaging about INR 270 crore annually. The partnership encompasses two key aspects:

Global Sales Rights: Black Box has secured the rights to sell Wind River solutions globally, with preferred status in India and the Middle East.
Customer Engagement Management: Under a separate agreement, Black Box will manage end-user customer engagements across multiple geographies.

This partnership positions Black Box to expand its offerings in the Platform space, complementing its existing portfolio in connectivity, network, cyber, and data center solutions.

Order Book and Future Outlook

The company's order book momentum remains strong, with the backlog at the end of Q2 FY26 standing at $555 million, up from $518 million at the close of Q1 FY26. Order bookings during Q2 were robust at $218 million (over INR 1,900 crore), compared to $176 million in Q1 FY26.

Black Box remains confident in achieving its full-year order booking target of $1 billion, driven by a continued focus on high-value contracts and expansion in the data center segment.

Management Commentary

Sanjeev Verma, Whole-Time Director and CEO of Black Box Limited, commented on the results: "We expect H2 FY26 to be stronger than H1. This confidence is driven by a healthy and diversified order book, improving visibility into key regional pipelines, and stronger execution momentum across the businesses."

Looking ahead, Black Box anticipates continued growth, with plans to achieve $2 billion in revenues by fiscal year 2029, comprising approximately $1.1-$1.2 billion in organic revenues and $750-$800 million through strategic acquisitions.

The company remains focused on expanding its presence in high-growth areas such as data centers and AI-led digital infrastructure, particularly across the U.S. and hyperscaler segments.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.23%	-4.08%	-1.20%	+13.03%	-8.42%	+336.16%

Black Box Limited , a prominent player in the IT-enabled services sector, has unveiled ambitious financial projections for the coming years and announced its participation in an upcoming investor conference.

Financial Outlook

The company forecasts EBITDA margins between 9.00-9.50% for FY'26, with potential for further improvement to 10.00% in FY'27. Black Box also anticipates sequential quarterly growth of 12-15% for FY'26. The company expects a stronger performance in the second half of FY'26, driven by a healthy order book and improved regional pipeline visibility.

Investor Conference Participation

Black Box officials will be attending the JM Financial India Conference 2025 on November 19, 2025, in Mumbai. The company will engage in one-on-one and group meetings with investors and analysts, starting from 9:30 am onwards.

The company has emphasized that discussions during the conference will be based on publicly available information, and no unpublished price sensitive information (UPSI) is intended to be shared during these interactions.

Recent Financial Performance

While specific financial figures for the most recent quarter were not provided, the company's projections suggest confidence in its growth trajectory. The anticipated improvement in EBITDA margins and sequential quarterly growth indicate potential for enhanced profitability and revenue expansion.

Regulatory Compliance

Black Box has submitted this information to stock exchanges in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that changes to the conference schedule may occur due to exigencies on the part of participants or the company.

Investors and market watchers will likely keep a close eye on Black Box's performance in the coming quarters to see if the company can deliver on its projected growth and margin improvements.