Black Box Limited announced robust audited financial results for the quarter and year ended March 31, 2026. The company achieved order bookings exceeding $1 billion for FY26, a 57% year-over-year increase in order backlog to $792 million. Revenue for Q4 FY26 grew 9% YoY to ₹1,691 crore, with PAT rising 7% YoY to ₹65 crore. The Board recommended a final dividend of 50%.
Black Box Reports Strong FY26 Performance
Black Box Limited has announced its audited financial results for the quarter and fiscal year ended March 31, 2026, revealing a period of strong performance characterized by significant order bookings and revenue growth. The company’s order backlog surged by 57% year-over-year to approximately $792 million (₹7,000 crore), providing strong revenue visibility for the upcoming fiscal year and positioning the business for a solid start to FY27.
Financial Highlights for Q4 and FY26
Consolidated Performance
In the fourth quarter of FY26 (Q4 FY26), Black Box reported a 9% year-over-year increase in revenue, reaching ₹1,691 crore compared to ₹1,545 crore in Q4 FY25. EBITDA saw a 12% YoY growth to ₹164 crore from ₹147 crore in the prior year’s quarter. Profit After Tax (PAT) grew by 7% YoY to ₹65 crore from ₹60 crore in Q4 FY25, reflecting improved operational efficiency and business quality.
For the full fiscal year FY26, consolidated revenue stood at ₹6,322 crore, a 6% increase compared to ₹5,967 crore in FY25. EBITDA for the full year was ₹570 crore, up 7% YoY from ₹531 crore. PAT for FY26 reached ₹218 crore, a 6% increase from ₹205 crore in FY25.
Key Business Wins and Strategic Developments
During Q4 FY26, Black Box secured new orders worth $377 million (approximately ₹3,331 crore), contributing to a total order booking of $626 million (approximately ₹5,531 crore) for the first nine months of FY26. This reflects accelerating customer demand and improved deal conversion momentum.
Significant order wins during the quarter included:
- A $75 million (approximately ₹663 crore) data center services engagement from a leading U.S.-based global hyperscaler.
- Another $31 million (approximately ₹277 crore) contract.
- A multi-year strategic engagement worth over $90 million (approximately ₹795 crore) with a major U.S. international airport.
- Multiple orders totaling approximately $19 million (approximately ₹169 crore) from marquee U.S. healthcare and pharmaceutical clients.
- Other key wins included engagements with a major retail chain ($7 million), a travel company ($3.3 million), a utility company ($2 million), and one of the world’s largest chip manufacturers ($2 million).
In India, notable engagements included approximately $2.4 million (approximately ₹21 crore) from a leading telecom operator for enterprise networking and connectivity solutions, and approximately $1.8 million (approximately ₹16 crore) from a prominent PSU bank for networking solutions. Furthermore, Black Box achieved a strategic breakthrough with a new global hyperscaler and is in advanced negotiations for potential future engagements.
Strategic & Financial Updates
Reflecting confidence in its performance, the Board has recommended a final dividend of 50% (₹1 per equity share of face value ₹2 each), subject to shareholder approval.
Black Box completed the acquisition of Brazil-based 2S Inovações Tecnológicas S.A. effective May 1, 2026. This acquisition significantly enhances Black Box’s presence across Latin America and strengthens its capabilities in high-growth segments such as data center networking, digital connectivity, cybersecurity, and managed infrastructure services. It is expected to contribute approximately ₹500 crore in annualized revenue.
The company also strengthened its balance sheet by raising ₹386.36 crore through the conversion of warrants. A total of 92,65,215 warrants were converted into equity shares at an issue price of ₹417 per share. This successful fund raise, despite volatile market conditions, highlights strong investor and promoter confidence.
CEO and CFO Statements
Mr. Sanjeev Verma, Executive Director & Chief Executive Officer, stated, “In FY26, we crossed a landmark ~$1 billion in order bookings, underscoring the strength of our customer relationships and market position and giving us strong visibility into FY27 and beyond. With Al and enterprise modernization investments accelerating, Black Box is well positioned to capitalize on a multi-year growth opportunity.”
Mr. Deepak Kumar Bansal, Executive Director and Global CFO, added, “FY26 was a year of disciplined execution and continued improvement in business quality for Black Box. We delivered steady growth in revenue, profitability, and margins, while further strengthening our operational and financial foundation globally.”
About Black Box Ltd.
Black Box Limited is a global leader in digital infrastructure solutions, serving 120 of the Fortune 500 and top global enterprises across various sectors including financial services, technology, healthcare, retail, public services, and manufacturing. With a presence in the United States, Europe, India, Asia Pacific, the Middle East, and Latin America, the company offers end-to-end solutions in network integration, digital connectivity infrastructure, data centre buildouts, modern workplace solutions, and cybersecurity.
Source: BSE
