Black Box Ltd, the IT firm under the Essar Group, has reported robust financial results for the second quarter of fiscal year 2027. The company's net profit surged by an impressive 31% year-on-year, reaching Rs 73 crore, up from Rs 56 crore in the same period last year.
Revenue from operations also marked a significant milestone, hitting a record high of Rs 1,936 crore for Q2 FY27. This represents a 22% increase compared to Rs 1,585 crore reported in the corresponding quarter of the previous fiscal year.
Strong Performance Across Key Metrics
The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) climbed 23% to Rs 175 crore in Q2, compared to Rs 143 crore a year ago. Despite this growth, the EBITDA margin remained stable at 7.5% year-on-year.
This strong performance is attributed to consistent execution across hyperscale data center infrastructure and enterprise solutions. The company's Technology Products business also contributed significantly to this momentum.
Record Order Backlog and New Wins
Black Box Ltd achieved a record order backlog of US$1,044 million, marking an 88% increase year-on-year and approximately 10% sequentially. This substantial backlog provides strong visibility for sustained growth in the coming periods.
During Q2 FY27, the company secured new orders totaling US$298 million, a 37% rise compared to the previous year. These new wins include a growing proportion of larger, multi-year engagements, ensuring revenue visibility over the next 24 to 36 months.
Sanjeev Verma, Whole-time Director & Chief Executive Officer, stated, "Black Box is building strong growth momentum, with record quarterly revenue and an order backlog exceeding US$1 billion. These results reinforce our confidence in scaling the business towards our immediate growth goal of US$2 billion in revenue."
Positive Outlook and FY27 Guidance
Supported by its robust order pipeline across hyperscale and enterprise segments, and its presence in multiple countries, Black Box management expressed confidence in achieving its FY27 guidance. The company anticipates:
- Exit order backlog: US$1.3–1.4 billion
- Order bookings: US$1.3–1.5 billion
- Revenue growth: 23–27%
- EBITDA growth: 27–32%
- PAT growth (Profit After Tax): 38–50%
Following the earnings announcement, shares of Black Box Ltd saw a positive reaction, rising 3.85% to Rs 917 in early trading sessions, pushing the firm's market capitalization to Rs 16,250 crore.