Black Box , a leading provider of digital infrastructure solutions, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showcasing robust growth and improved profitability.

Q2 FY26 Financial Highlights

Black Box delivered a resilient performance in Q2 FY26, with significant quarter-on-quarter improvements across key financial metrics:

The company's consolidated revenue for Q2 FY26 stood at ₹1,585.00 crore, up 14% quarter-on-quarter and 6% year-on-year. This strong revenue performance reflects a sharp rebound as tariff conditions normalized and earlier project execution delays from Q1 were cleared.

Segment Performance

Black Box's segment-wise performance for Q2 FY26 was as follows:

1. System Integration: Revenue of ₹1,322.85 crore with a segment result of ₹112.75 crore
2. Technology Product Solutions: Revenue of ₹220.54 crore with a segment result of ₹(10.06) crore
3. Others: Revenue of ₹41.20 crore with a segment result of ₹11.61 crore

Strategic Developments

1. Warrant Conversion: The company allotted 47,962 equity shares at ₹417.00 per share (including a premium of ₹415.00) to Ushma Mehta, a non-promoter, through the conversion of convertible warrants. This raised ₹2.00 crore and increased the company's paid-up capital from ₹34.02 crore to ₹34.03 crore.

2. Partnership with Wind River: Black Box entered into a strategic global partnership with Wind River, an Aptiv company specializing in intelligent edge software. This alliance is expected to generate approximately ₹1,350.00 crore in revenue over the next five years, strengthening Black Box's position in advanced edge, cloud, and AI-driven solutions.

Management Commentary

Sanjeev Verma, Executive Director & Chief Executive Officer of Black Box, stated, "Q2 FY26 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."

Deepak Bansal, Chief Financial Officer, added, "We delivered revenue growth in Q2 on the back of a 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."

Outlook

With its transformation program now largely stabilized and a more focused go-to-market architecture in place, Black Box is shifting decisively toward sustained revenue acceleration and a higher-quality business mix through FY26. The company remains confident of delivering a strong second half, backed by robust order wins, a growing backlog, strong execution, deepening client relationships, and a healthy pipeline.

Challenges

The company faces some challenges related to foreign exchange compliance, with outstanding amounts of ₹33.24 crore in import payments and ₹8.09 crore in export proceeds repatriation beyond stipulated timelines. Black Box is actively working with regulatory authorities to address these issues.

Black Box continues to demonstrate resilience and adaptability in a dynamic market environment, positioning itself for sustained growth and improved profitability in the coming quarters.

Black Box Limited (BSE: 500463, NSE: BBOX), a leading digital infrastructure solutions provider, has announced a strategic global partnership with Wind River, an Aptiv company specializing in intelligent edge software. This collaboration aims to accelerate edge and cloud innovation across industries worldwide, with Black Box setting an ambitious revenue target of approximately ₹1,350.00 crore over the next five years.

Partnership Highlights

• Black Box has secured preferred status to deliver Wind River solutions in India and the Middle East, strengthening its position in these high-potential markets.
• The company has also entered into a separate agreement with Wind River to manage end-user customer engagements globally across multiple geographies.
• The partnership is expected to drive significant growth and position Black Box as a key player in enterprise adoption of AI-driven workloads, scalable private cloud deployments, and intelligent edge solutions.

Key Focus Areas

The collaboration between Black Box and Wind River will concentrate on:

• Delivering integrated intelligent edge and cloud-native infrastructure
• Enabling secure, scalable private cloud deployments
• Supporting AI workloads, virtual machines, and container migrations
• Providing enterprise-grade Linux platforms with long-term support and security
• Driving automation and centralized orchestration to simplify digital operations

Industry Impact

This partnership is set to benefit various sectors, including:

• Manufacturing
• Industrial automation
• Retail
• Financial services
• Automotive
• Telecom

These industries will gain access to secure, scalable, and resilient digital infrastructure, enhancing both operational efficiency and customer experience.

Executive Insight

Sanjeev Verma, President and CEO of Black Box, commented on the partnership:

"This partnership with Wind River is a significant milestone for Black Box. By combining Wind River's proven technologies with our deep integration expertise, we are well-positioned to accelerate digital transformation for enterprises in high-growth markets. This will enable us to drive efficiency and innovation for our customers while creating long-term value for our shareholders."

Company Overview

Black Box Limited is a global leader in digital infrastructure solutions, offering:

• Network and system integration
• Managed services
• Technology products to Fortune 100 and top global enterprises

With a presence across multiple continents and a team of around 3,500 professionals, Black Box delivers end-to-end solutions in network integration, digital connectivity infrastructure, data centre buildouts, modern workplace solutions, and cybersecurity.

This strategic partnership marks Black Box's entry into the hyperconverged and edge compute markets at scale, reinforcing its commitment to shaping the future of digital infrastructure for enterprises worldwide.