Black Box Reports 22% Revenue Growth in Q2 FY27

~Black Box reports 22% revenue growth to ₹1,936 crore in Q2 FY27, with PAT rising 31% and order backlog reaching US$1,044 million.
Slug: black-box-q2-fy27-results-revenue-growth
Mumbai, Maharashtra, Nov 13 (VNI) : Black Box Limited, Essar’s technology arm and a global digital infrastructure solutions provider, has reported its second consecutive quarter of record financial performance, with revenue rising 22% year-on-year to ₹1,936 crore in Q2 FY27, ended September 30, 2026.
According to the company, EBITDA increased 23% to ₹175 crore, while profit after tax (PAT) grew 31% to ₹73 crore. The company’s order backlog reached a record US$1,044 million, registering an impressive 88% year-on-year growth. New order bookings during the quarter stood at US$298 million, up 37%.
The company reported revenue of ₹3,655 crore during the first half of FY27, up 23% year-on-year. H1 EBITDA increased 29% to ₹335 crore, while PAT rose 25% to ₹129 crore. EBITDA margin improved by 50 basis points to 9.2%. Operating cash flow reached ₹115 crore during the first half.
Sanjeev Verma, Whole-time Director and Chief Executive Officer of Black Box Limited, said the company was building strong growth momentum, supported by significant orders from multiple hyperscalers and repeat business in data centre infrastructure. Black Box secured more than US$250 million in data centre orders during H1 FY27, with a substantial pipeline of large hyperscale projects expected to drive further growth.
Deepak Kumar Bansal, Executive Director and Global CFO of Black Box Limited, said the Q2 performance demonstrated the company’s growing earnings strength, with PAT growth of 31% outpacing revenue growth of 22%. He highlighted that H1 EBITDA margin expanded by 50 basis points to 9.2%, while operating cash flow reached ₹115 crore. He added that the company remains confident of achieving its FY27 guidance of 23–27% revenue growth and 38–50% PAT growth, supported by improving operating leverage, disciplined working capital management and stronger cash generation.
The management remains confident of achieving its FY27 guidance, including EBITDA growth of 27–32%, an exit order backlog of US$1.3–1.4 billion and order bookings of US$1.3–1.5 billion. With plans to recruit nearly 3,000 professionals by FY30, primarily in the United States, Black Box aims to strengthen its delivery capabilities and achieve its long-term target of US$2 billion in annual revenue by FY30.
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