Black Box Q1 FY27 results: Revenue rises 24% to Rs 1,719 crore, order backlog jumps 83%

Digital infrastructure firm Black Box Limited disclosed robust financial results for Q1 FY27, with revenue expanding 24% to Rs 1,719 crore, while its order backlog expanded by 83% to Rs 8,986 crore. The company's CEO, Sanjeev Verma, highlighted the quarter as a new phase of growth driven by enhanced client ties, an expanding order book, and escalating demand for infrastructure supporting the global AI economy.

Black Box reported an EBITDA of Rs 160 crore, a 38% increase from Rs 116 crore in the same quarter last year, pushing its EBITDA margin to 9.3% from 8.4%. Profit after tax rose 18% to Rs 56 crore. The quarter included the consolidation of Brazil-based 2S Inovações Tecnológicas, recently acquired by Black Box. Verma stated that the company entered FY27 with strong momentum, driven by improved execution of its growing backlog and the benefits of its Brazilian acquisition.

He further emphasized the company's potential for further expansion, citing participation in AI-led digital infrastructure, expanding relationships with hyperscalers, and its presence across around 300 strategic enterprise accounts. The order backlog reached an all-time high of approximately US$949 million, a 83% increase from the previous year and nearly doubling from Black Box's historical range of US$450-500 million.

This surge was attributed to greater involvement in substantial, multi-year, and mission-critical projects, with project-led backlog growing 50% sequentially and longer-duration contracts offering 24-36 months of revenue visibility. Black Box anticipates order bookings to reach US$1.3-1.5 billion in FY27, a 32-45% growth over FY26, and aims to conclude FY27 with an order backlog of US$1.3-1.4 billion, representing a 65-75% increase year-on-year.