Black Box Limited announced a 14% QoQ increase in revenue for Q2 FY26. The company’s leadership highlighted a healthy recovery and expects H2 FY26 to outperform H1 FY26. The growth is attributed to stabilizing transformation initiatives and a strengthened go-to-market strategy, which are expected to drive renewed expansion and profitability. Focus remains on securing high-value contracts and improving execution across regions.
Financial Performance Highlights
Black Box reported a 14% increase in revenue for Q2 FY26 compared to the previous quarter, and 6% YoY. Key highlights include:
- Q2 FY26 Revenue: ₹1,585 crore
- EBITDA Margin: 9.0%
- PAT Growth: 9% YoY and 17% QoQ
The company expects H2 FY26 to exceed H1 FY26, supported by a growing order book, improved pipeline visibility, and stronger execution across regions.
Order Book and Future Outlook
The company reported strong order bookings and anticipates continued growth. Key figures include:
- H1 FY26 Orders Booked: $394 million
- On track to achieve $1 billion in FY26 order bookings
- Targeting $700 million exit order-backlog, a 40% YoY increase from FY25.
Black Box is partnering with Wind River to accelerate Edge and Cloud innovation, expecting approximately INR 1,350cr in revenue globally over the next five years from this partnership.
Strategic Focus
The company is concentrating on high-value contracts, including data centers, and maintaining cost discipline, pricing hygiene, and mix optimization to enhance profitability. Black Box aims to achieve a 1.5%-2.0% market share of TAM over the medium to long term.
FY26 Guidance
Black Box provided the following guidance for FY26:
- Revenue: ₹6,750 – ₹7,000 crore
- EBITDA: ₹605 – ₹645 crore
- PAT: ₹265 – ₹285 crore
- Estimated EBITDA growth YoY: 14%-22%
- Estimated PAT growth YoY: 29%-39%
Source: BSE
