Analysts/Institutional Investor Meet/Con. Call Updates

Black Box Limited reported its highest-ever quarterly revenue of INR1,719 Cr (+24% YoY), with EBITDA at INR160 Cr (+38% YoY) and PAT at INR56 Cr (+18% YoY). Order bookings hit US$339 million, boosting the backlog to a record US$950 million (+83% YoY), significantly supported by a new US$131 million (~INR1,240 Cr) hyperscaler order.

Management is confident in the AI-led digital infrastructure growth cycle, emphasizing scale and disciplined execution.

FY27 revenue guidance is INR7,800-8,000 Cr, with EBITDA margins targeting 9.3-9.4%. Operating cash flow is expected to improve.

The long-term target is US$2 billion revenue by FY30, leveraging strong execution and strategic customer relationships.

The outlook is positive.