By Sunil Kumar Batra
New Delhi, Aug 14 (BVI) Essar Group-promoted digital infrastructure solutions firm Black Box Limited today reported 28 per cent jump in net profit at Rs 47 crore during the first quarter (April-June) of current financial year versus Rs 37 crore in the same quarter of last fiscal.
The Profit After Tax margins improved 80 basis points mainly due to reduction in exceptional items and lower taxes, the company said in a regulatory filing with the stock exchanges.
Revenue from operations for Q1 FY26 dipped 3 per cent and stood at Rs 1,387 crore compared to Rs 1,423 crore in Q1 FY25.
The delay in equipment procurement by certain clients, because of the prevailing tariff environment, resulted in deference of the service execution and revenue recognition.
Order momentum remained strong, with the backlog at the end of Q1 FY26 at Rs 4,433 crore ($518 million), up from Rs 4,313 crore ($504 million) at the close of FY25. Order bookings during the quarter were robust at Rs 1,506 crore ($176 million), marking a strong start towards the company’s focus on revenue growth.
Nearly two-thirds of all the deals won in Q1 FY26 were high-value engagements demonstrating the success of the ongoing transformation and the company’s strategic focus on large-scale projects with global marquee clients.
The Company also continued to streamline its customer portfolio by reducing the long tail of low-value accounts, bringing the total to below 1,000 from around 1,500 last year. The Company continues to leverage its global presence and local expertise to win large-scale, high-value projects across geographies.
Notable order wins during the quarter included a very large project in the United States from a leading financial services giant, as well as a workplace solutions engagement from one of the world’s largest OTT players for their operations in Latin America.
The Company also secured two significant data center orders in the United States, one from a global hyper scaler and another from a top-ten global co-location provider.
Commenting on the results, Sanjeev Verma, Whole Time Director, said, “Over the past five years, we have transformed Black Box from a loss-making entity into a profitable, cash-generating business with a strong balance sheet. With the turnaround complete, FY26 is about accelerating growth, scaling revenues, and capturing market leadership.
“While the year began at a slower pace, we are seeing solid traction in key accounts and are actively engaged in multiple high-value opportunities. Supported by our differentiated capabilities, robust pipeline, and committed teams, we remain confident in delivering sustainable, long-term growth.”
Deepak Kumar Bansal, Executive Director and Global CFO, added, “While Q1 is typically softer than Q4, this quarter’s performance also reflected some client-driven delays in equipment procurement due to the prevailing tariff environment, which impacted the timing of revenue recognition and operating margins.
“Despite this, we achieved year-on-year growth in both EBITDA and PAT, demonstrating our operational efficiency and margin resilience. With a robust order book, healthy cash reserves, and a strengthened go-to-market strategy, we remain confident to deliver on our growth ambitions for the remainder of the fiscal year.”
Black Box is a leading digital infrastructure solutions, delivering network and system integration, managed services, and technology products to global enterprises.
With a presence across the United States, Europe, India, Asia Pacific, the Middle East, and Latin America, Black Box serves businesses across financial services, technology, healthcare, retail, public services, and manufacturing. (BVI)
