ALFA Finder| Management target | Revenue 27.0% FY27 |
|---|
| Revenue growth | 24% YoY growth to record ₹1,719 crore. |
|---|---|
| Margins | EBITDA margins expanded 90 bps to 9.3% on operating leverage. |
| Order book | $950M record backlog, up 83% YoY; $339M new bookings. |
| Demand visibility | Strong visibility through $950M order backlog spanning 24-36 months. |
| Management confidence | High confidence in AI-led infrastructure super-cycle and scaling phase. |
Growth
Revenue grew 24% YoY to ₹1,719 Cr; EBITDA rose 38%. Organic growth remains dominant despite the 2S Brazil acquisition.
Outlook
Guidance for FY27 revenue of ₹7,800-8,000 Cr and PAT of ₹325-350 Cr, implying significant H2 acceleration.
Risks
Heavy dependence on hyperscaler capex cycles and execution delays in large-scale, multi-year projects.
Last quarter's promises, checked
Delivered
- Guided 9% EBITDA margin → delivered 9.3% (= BEAT)
- Guided $800M backlog → delivered $950M (= BEAT)
- Guided scale-up from transformation → delivered 24% YoY growth (= BEAT)
Partly delivered
- Guided ₹6,000Cr FY26 revenue → delivered ₹1,719Cr Q1 (on track, but back-ended) (= PARTIAL)
Earnings Call Transcript filed with NSE, NSE: BBOX. Summary written with AI assistance from the document.
Black Box Ltd: key numbers
- Share price
- ₹868.20
- Market cap
- ₹15,419 Cr
- Revenue (annual)
- ₹6,322 Cr
- Net profit (annual)
- ₹217.5 Cr
- P/E (TTM)
- 68.2×Sector 23.6×
- Promoter holding
- 69.95%+0.00% QoQ
- FII holding
- 3.78%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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