Black Box reported strong performance for Q2 FY26, with revenue growing by 14% quarter-on-quarter to ₹1,585 crore. EBITDA also increased by 23% quarter-on-quarter. The company is confident in delivering a strong second half, supported by robust order wins and improved execution. H2 FY26 is expected to outperform H1 FY26. Backlog at the end of Q2 FY26 was at ₹4,846 crore.
Financial Performance Highlights
Black Box announced its unaudited financial results for the quarter and half year ended September 30, 2025, showcasing a resilient performance with strong quarter-on-quarter improvements. Key highlights include:
- Revenue for Q2 FY26 stood at ₹1,585 crore, a 14% increase from ₹1,387 crore in Q1 FY26 and 6% year-on-year.
- EBITDA for the quarter was ₹143 crore, up 23% from ₹116 crore in Q1 FY26, representing a growth of 6% year-on-year.
- EBITDA margins improved by 60 basis points to 9.0% in Q2 FY26.
- Profit after Tax (PAT) stood at ₹56 crore, up from ₹47 crore, a growth of 17% quarter-on-quarter.
Business Highlights and Strategic Initiatives
Order momentum remained strong, with the backlog at the end of Q2 FY26 reaching ₹4,846 crore. Order bookings during the quarter were robust at ₹1,906 crore.
Notable achievements during the quarter:
- Significant extensions from existing large-value clients for networking and connectivity.
- New client wins across the education and municipal sectors in India.
Partnership with Wind River
Black Box entered into a strategic global partnership with Wind River to accelerate edge and cloud innovation. This partnership is expected to drive approximately ₹1,350 crore in revenue over the next five years.
Management Commentary
Sanjeev Verma, Executive Director & Chief Executive Officer, Black Box, stated that Q2 FY26 was a strong quarter with revenue up 14% sequentially and broad-based growth across key markets.
Deepak Bansal, Chief Financial Officer, Black Box, added that the company delivered revenue growth in Q2 on the back of good order backlog with EBITDA margins at 9%.
Source: BSE
