Black Box , a leading digital infrastructure solutions provider, has announced its financial results for the first quarter, demonstrating resilience in the face of global challenges.

Financial Highlights

• Revenue stood at Rs. 1,387.00 crore, down 3% year-on-year from Rs. 1,423.00 crore in the same quarter last year.
• EBITDA increased by 1% to Rs. 116.00 crore, with EBITDA margin improving by 30 basis points to 8.4%.
• Profit After Tax (PAT) rose significantly by 28% to Rs. 47.00 crore, compared to Rs. 37.00 crore in the same quarter last year.
• PAT margin expanded by 80 basis points to 3.4%.

Operational Performance

The company's performance was impacted by delays in equipment procurement due to the prevailing global tariff environment, which affected project execution timelines and revenue recognition. Despite these challenges, Black Box maintained its focus on operational efficiency and profitability.

Order Book and Business Wins

Black Box reported a strong order backlog of Rs. 4,433.00 crore ($518 million) at the end of the quarter, up from Rs. 4,313.00 crore ($504 million) at the close of the previous fiscal year. Notable order wins during the quarter included:

• A large project from a leading U.S. financial services company
• Two significant data center orders in the United States from a global hyperscaler and a top-ten global co-location provider
• A workplace solutions engagement for Latin American operations of a major OTT player
• A connectivity infrastructure and networking order from a prominent U.S. public services organization
• A large networking deal with a 200-year-old U.S. research university

Management Commentary

Sanjeev Verma, Whole-time Director of Black Box, stated, "With the turnaround complete, this fiscal year 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."

Deepak Kumar Bansal, Executive Director and Global Chief Financial Officer, added, "Despite Q1 typically being softer than Q4, 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 in delivering on our growth ambitions for the remainder of the fiscal year."

Corporate Updates

The Board of Directors approved several key decisions:

1. Re-appointment of Deepak Kumar Bansal as Executive Director & CFO for a period of 3 years, subject to shareholder approval.
2. Re-appointment of Neha Nagpal as an Independent Director for a second term of 5 years, subject to shareholder approval.
3. Allotment of 103,950 equity shares under the Employee Stock Option Scheme.
4. Conversion of 84,189 warrants into equity shares for non-promoter investors.

The 39th Annual General Meeting is scheduled for September 16, and the company has set August 29 as the record date for determining shareholder eligibility for the final dividend for the previous fiscal year.

Black Box continues to focus on high-value, large-scale projects with global marquee clients, streamlining its customer portfolio, and leveraging its global presence to drive growth in the digital infrastructure sector.

Black Box , a leading technology solutions provider, has unveiled its ambitious growth projections for the fiscal year 2026, signaling confidence in its future performance and market position.

Robust EBITDA and PAT Growth Expectations

The company has set forth impressive targets for its financial performance in FY26:

• EBITDA Growth: Black Box anticipates a year-over-year increase of 14% to 22% in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).
• PAT Growth: The Profit After Tax (PAT) is projected to grow even more substantially, with an estimated year-over-year increase of 29% to 39%.

These projections reflect the company's optimistic outlook on its operational efficiency and profitability in the coming years.

Revenue Guidance

In addition to the profitability metrics, Black Box has provided a clear revenue target for FY26:

• Estimated Revenue: The company aims to achieve revenue in the range of Rs. 6,750.00 crore to Rs. 7,000.00 crore.

This revenue guidance suggests that Black Box is positioning itself for significant market expansion and growth in its business operations.

Implications for Stakeholders

The release of these growth projections is likely to be of keen interest to investors, analysts, and industry observers. The strong growth expectations across EBITDA, PAT, and revenue indicate that Black Box is pursuing an aggressive growth strategy and anticipates favorable market conditions in the coming years.

While these projections paint an optimistic picture, it's important for stakeholders to note that they are estimates and subject to various market factors and business conditions. The company's ability to meet or exceed these targets will be closely watched as it progresses towards FY26.

Black Box's confidence in projecting such robust growth figures may stem from factors such as anticipated market demand, planned expansions, or strategic initiatives. However, the specific drivers behind these projections have not been detailed in the current announcement.

As the fiscal year progresses, investors and analysts will likely look for periodic updates and performance indicators from Black Box to gauge the company's progress towards these ambitious targets.