Black Box Reports Impressive Q4 Growth with Strategic Wins
Black Box, Essar Group's IT firm, achieved a 7% rise in Q4 profit to Rs 64.76 crore. The growth stems from robust order inflows, including deals with a US hyperscaler and airport, positioning it well amid rising AI and infrastructure investments.
Essar Group's IT firm Black Box on Tuesday reported a 7 per cent growth in consolidated net profit to Rs 64.76 crore in the January-March quarter of FY26, aided by robust order inflows across key verticals and strategic markets.
It had reported a net profit of Rs 60.47 crore in the corresponding quarter of the previous fiscal.
Black Box's revenue from operations rose 9.5 per cent to Rs 1,690.94 crore in Q4 FY26, as compared to Rs 1,544.58 crore in Q4 FY25.
Seen on a quarter-on-quarter basis, the company's profit and revenue grew 30.3 per cent and 1.9 per cent, respectively. During the quarter, Black Box secured new orders worth USD 377 million (approximately Rs 3,331 crore).
Key order wins during the quarter included a USD 75 million (about Rs 663 crore) data centre services engagement from a US-based global hyperscaler.
The company also secured a multi-year strategic engagement worth over USD 90 million (about Rs 795 crore) with a major US international airport.
In the full fiscal year of 2025-26, Black Box's profit stood at Rs 217.52 crore, 6.2 per cent higher than Rs 204.78 crore in the previous year. FY26 revenue jumped 5.9 per cent to Rs 6,321.85 crore.
''Black Box is a direct beneficiary of the global AI-driven infrastructure boom, as enterprises and hyperscalers accelerate spending on next-generation networks, data centres, and connectivity. In FY26, we crossed a landmark of around USD 1 billion in order bookings … giving us strong visibility into FY27 and beyond.
''With AI and enterprise modernisation investments accelerating, Black Box is well positioned to capitalise on a multi-year growth opportunity, driven by disciplined execution and an unwavering focus on long-term shareholder value,'' Black Box CEO and Executive Director Sanjeev Verma said.
In March 2026, the company raised Rs 386.36 crore through the conversion of warrants issued in September 2024. Promoters contributed Rs 200 crore, representing 51.76 per cent of the total capital infusion. Post-conversion, promoter shareholding increased to 69.99 per cent.
Shares of Black Box settled 0.16 per cent higher at Rs 978.60 apiece on the BSE on Tuesday.
(With inputs from agencies.)
Google News