Black Box Q1 FY27 Earnings Call Transcript Released
Black Box Q1 FY27 revenue hit a record INR1,719 crores, up 24% YoY. EBITDA rose 38% to INR160 crores, and PAT grew 18% to INR56 crores. The company secured a US$131 million order and its backlog reached US$950 million. FY27 revenue guidance is INR7,800-8,000 crores.
The announcement details record financial performance, significant new orders, and strong future guidance, which are material events for investors and the company's future trajectory.
The company reported record revenue, strong growth in EBITDA and PAT, a significant order win, and a record order backlog. The outlook and FY27 guidance are also positive.
Black Box Limited has released the transcript of its Earnings Call held on August 13, 2026, discussing the Unaudited Financial Results for Q1 FY27. The call featured insights from Whole-Time Director and CEO, Mr. Sanjeev Verma, and Global CFO, Mr. Deepak Bansal.
During the call, management highlighted a strong start to FY27, with the company delivering its highest-ever quarterly revenue, driven by improved execution of the order backlog and the contribution from the recently acquired Brazilian entity, 2S. Order bookings for the quarter reached US$339 million, pushing the order backlog to a record US$950 million, an 83% year-on-year increase. A significant operational achievement was securing a US$131 million (approximately ₹1,240 crores) order from a new global hyperscaler in the United States. Black Box emphasized its unique position as an India-origin digital infrastructure solutions company executing gigawatt-scale data center programs, aligning with the accelerating global AI infrastructure build-out.
Management discussed the broader technology landscape, noting a significant digital infrastructure investment cycle fueled by AI, cloud computing, networking, and cybersecurity. Industry estimates suggest global enterprise technology spending will exceed US$6.4 trillion in FY26. Black Box's addressable opportunities span data centers, enterprise networking, cybersecurity, and managed services, with a substantial portion in the United States. The company highlighted its execution capabilities, global delivery platform, and strengthened customer relationships as key competitive advantages.
Financially, for Q1 FY27, Black Box reported its highest-ever revenue of INR1,719 crores, a 24% year-on-year growth. EBITDA increased by 38% to INR160 crores, and profit after tax grew by 18% to INR56 crores. EBITDA margins expanded by 90 basis points to 9.3%. The company reiterated its medium-term objective of consistently operating at or above a 10% EBITDA margin.
Looking ahead, Black Box provided guidance for FY27, expecting order backlog between US$1.3 billion to US$1.4 billion, order bookings between US$1.3 billion to US$1.4 billion, revenue between INR7,800 crores to INR8,000 crores, EBITDA between INR725 crores to INR750 crores, and profit after tax between INR300 crores to INR325 crores. The company expressed confidence in achieving its long-term aspiration of becoming a US$2 billion revenue company by FY30, with INR12,000 crores expected from organic growth and INR6,000 crores from inorganic growth.
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