Black Box Ltd Reports ₹6,322 Crore Revenue for FY26, Acquires Brazilian Firm
Black Box Limited announced its financial results for fiscal year 2026, with revenue from operations reaching ₹6,322 crore and Profit After Tax (PAT) at ₹218 crore. The company met its internal targets for revenue, EBITDA, and PAT.
Key Financials and Growth
For FY26, Black Box Limited's revenue increased by 6% year-on-year to ₹6,322 crore. PAT also grew by 6% to ₹218 crore. EBITDA was reported at ₹570 crore, a 7% rise from the previous year, maintaining a margin of 9.0%. The company declared a dividend of 50%, or ₹1 per share.
Strong Order Pipeline and Strategic Acquisition
The company's order bookings surged by 35% to over $1 billion, indicating strong revenue visibility for the upcoming fiscal year. A key development was the acquisition of Brazil-based 2S Inovações Tecnológicas. This strategic move aims to bolster Black Box's global presence and expand its capabilities in digital infrastructure and the AI market.
Financial Boost and Operational Scale
Black Box successfully raised ₹386.36 crore by converting warrants, signaling investor confidence. The acquisition of 2S Inovações Tecnológicas is projected to add approximately ₹500 crore to the company's annualized revenue. Black Box currently operates across more than 35 countries, supported by 75 delivery and support centers.
Concerns and Future Outlook
Despite growth, client concentration remains a significant risk, with the top 10 clients contributing 46% of revenue. An exceptional item loss of ₹63 crore also impacted profitability for FY26. Black Box has decided not to hold an earnings call for Q4 and full-year FY26, with further updates planned for a Capital Markets Day on June 1, 2026.
Key Metrics
- Order Bookings (FY26): Over $1 billion (up 35% YoY)
- Order Backlog (Mar 31, 2026): $792 million (~₹7,000 crore)
- Operating Cash Flow (FY26): ₹84 crore
Investors will be watching the integration of the new Brazilian acquisition and client retention closely. The upcoming Capital Markets Day is anticipated to provide more insights into the company's future strategies.
