2 weeks ago
Black Box posts record quarterly revenue, backlog hits US$949 million
Black Box is a company that builds digital infrastructure, like data centers and computer networks, for big businesses.
It announced its financial results for the three months that ended in June 2026.
The company made more money in that quarter than it ever has before.
Its revenue went up by 24 percent compared to last year.
People and companies also placed lots of new orders, creating a record amount of future work worth about 949 million dollars.
This helps the company know what it will be doing for the next two to three years.
Black Box also helps build the big computer centers that make artificial intelligence work.
A new large customer gave the company a 131 million dollar order.
The company plans to hire about 3,000 new workers, mostly in the United States, by 2030.
Its big goal is to earn 2 billion dollars in one year by that time.
Black Box reported its highest-ever quarterly revenue of ₹1,719 crore, up 24% year-on-year for the quarter ended June 30, 2026.
Order backlog reached an all-time high of approximately US$949 million (~₹8,986 crore), up 83% YoY.
EBITDA grew 38% YoY and PAT grew 18% YoY, with EBITDA margins expanding by 90 basis points.
The company added a new global hyperscaler through a US$131 million (~₹1,240 crore) order and continued expanding an existing hyperscaler relationship.
Black Box expects US$1.3–1.5 billion in order bookings for FY27 and targets US$2 billion in revenue by FY30.
- Who
- Black Box Limited, a digital infrastructure solutions provider led by CEO Sanjeev Verma and CFO Deepak Kumar Bansal.
- What
- Announced its Q1 FY27 unaudited financial results, including highest-ever quarterly revenue, record order backlog, and growth in EBITDA and PAT.
- Where
- Announced in Mumbai, India; business spans global markets including the United States and Brazil.
- When
- Quarter ended June 30, 2026; results announced on a Thursday.
- Why
- Growth driven by improved execution of an expanding backlog, rising participation in AI-led digital infrastructure, new hyperscaler orders, and the contribution of recently acquired Brazilian business 2S.
Growth Optimism
Cautious View
Revenue Target Feasibility
Growth Optimism
Record revenue, an 83% jump in backlog, and strong AI-infrastructure tailwinds give credibility to the US$2 billion by FY30 goal.
Cautious View
Some may question the pace of conversion, noting the target depends on continued execution, hiring, and sustained demand through FY30.
Capital Intensity of Expansion
Growth Optimism
Investing in capabilities and roughly 3,000 hires in the U.S. is necessary to capture larger, mission-critical programs.
Cautious View
Heavy investment and expanding delivery capacity carry execution and cost risks that could pressure near-term returns.
Key facts
- Company
- Black Box Limited (BSE: 500463 | NSE: BBOX)
- Quarter
- Q1 FY27, ended June 30, 2026
- Quarterly Revenue
- ₹1,719 crore, up 24% YoY
- Order Backlog
- US$949 million (~₹8,986 crore), up 83% YoY
- New Orders
- US$339 million (~₹3,208 crore)
- EBITDA / PAT Growth
- EBITDA up 38% YoY; PAT up 18% YoY; margins up 90 bps
- New Hyperscaler Order
- US$131 million (~₹1,240 crore)
- Revenue Target
- US$2 billion by FY30
Quotes
Sanjeev Verma
Chief Executive Officer of Black Box Limited
“We have entered FY27 with strong momentum, delivering our highest‑ever quarterly revenue of ₹1,719 crore, up 24 per cent YoY, driven by improved execution of our expanding backlog and the contribution from our recently acquired Brazilian business, 2S.”
thehansindia.com
Sources
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