Black Box Share: Q3 mein profit down, guidance cut! Par Brazil mein 'Badi Deal' se market mein halchal!

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AuthorAarav Shah|Published at:
Black Box Share: Q3 mein profit down, guidance cut! Par Brazil mein 'Badi Deal' se market mein halchal!
Overview

Arre yaar, Black Box ke Q3 FY26 results aa gaye hain aur number thode mix hain. Company ka Profit After Tax (PAT) **11%** gir gaya, **₹50 Crore** ho gaya. Lekin revenue mein **11%** ka jump hai, **₹1,660 Crore** tak pahunch gaya.

Bhaiya, Black Box ke Q3 FY26 results mein numbers thode mixed hain. Company ka Profit After Tax (PAT) YoY basis par 11% gir kar ₹50 Crore pe aa gaya. Issi quarter mein ₹6 Crore ka ek exceptional charge laga tha, jo basically employee benefits ke provision mein change ki wajah se tha, thanks to Naye Labour Code. Lekin revenue mein 11% ka solid jump mila, jo ₹1,660 Crore tak pahunch gaya. EBITDA bhi 10% upar raha, ₹147 Crore pe, aur EBITDA margins 8.9% pe stable the.

Agar pichhle 9 mahine (9m FY26) ki baat karein toh revenue 5% badha hai aur PAT 6% upar gaya hai. FY25 ka poora performance dekho toh revenue ₹5,967 Crore tha (thoda sa gira tha YoY), par PAT mein 48.6% ka jabardast surge tha, jo ₹205 Crore tak pahunch gaya tha.

Nahi, bilkul nahi! Operating cash flow jo FY25 mein negative (-₹88 Crore) tha, woh ab 9m FY26 mein positive ₹54 Crore ho gaya hai. Debt bhi manageable lag raha hai, equity ke comparison mein. ROE bhi FY25 mein improve hua tha. So, sirf PAT mein exceptional charge ka effect dikha hai.

Ab aati hai sabse important baat – guidance. Supply chain mein delays ki wajah se company ne FY26 ke liye apna revenue, EBITDA aur PAT guidance thoda kam kar diya hai. Revenue ab ₹6,325 – 6,375 Cr (pehle ₹6,750 – 7,000 Cr tha), EBITDA ₹555 – 575 Cr (pehle ₹605 – 645 Cr tha), aur PAT ₹220 – 230 Cr (pehle ₹265 – 285 Cr tha) expect kar rahe hain. Lekin, $1 billion ka order booking target poora hone ki race mein hai, aur Q3 mein hi $232 Million ke orders aaye hain. December 2025 tak ka total order backlog $601 Million tha, aur ab exit order backlog ki projection $800 Million+ ho gayi hai! Matlab, future orders toh badhiya aa rahe hain.

Aur sabse badi khabar – Black Box ne Brazil ki 2S Inovações Tecnológicas ko 100% acquire karne ki deal pakki kar li hai! Ye strategic move hai LATAM market mein company ko aur mazboot karne ke liye. Isse FY27 mein lagbhag ₹500 Crore ka revenue aur judne ki ummeed hai. Networking aur datacenter business bhi boost hoga. Ye deal FY26 ke end tak poori ho jayegi.

Jo main risk abhi dikh raha hai woh hai supply chain ka issue, jiski wajah se guidance cut hui hai. Investors ye dekhenge ki company isko kab tak normal kar paati hai aur orders ko kaise execute karti hai. Brazil acquisition ka successful integration bhi bahut important hoga. Par long term mein, order pipeline aur ye strategic acquisition se growth ki kaafi ummeed hai.

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