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Black Box

Q1 FY27IT - Services

Black Box Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹755
Market cap₹13.8K Cr
P/E48.2
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

4 of 4 strong

RevenueGood growth
MarginMargins slightly up
CapexCapex planned
Order bookOrder book rising

The short version

FY27 revenue guidance: INR 7,800 crores to INR 8,000 crores, representing 23% to 27% growth year-on-year. Black Box aims for 23%-27% revenue growth in FY27, targeting INR7,800-8,000 crores.

From Black Box's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Good growth
  • FY27 revenue guidance: INR 7,800 crores to INR 8,000 crores, representing 23% to 27% growth year-on-year.
  • Order backlog expected to reach US$1.3 billion to US$1.4 billion by March 31, 2027, a 65% to 75% increase.
  • Order bookings projected between US$1.3 billion to US$1.4 billion, showing 32% to 45% growth.
  • Growth primarily driven by hyperscale digital infrastructure and AI-led infrastructure demand.
  • Non-hyperscale enterprise segment expected to grow at modest double-digit (~10%) rate.
  • Scaling phase underway with investments in talent, technology, and execution capabilities.

2 more points from Black Box's call on revenue

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Profitability & Margins

See what Black Box said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Black Box Limited plans significant investments to support growth, including:
  • Hiring and training nearly 2,000 professionals to build execution capabilities and scale.
  • Strengthening people and technology capabilities as a priority.
  • Supporting working capital requirements of the expanding business.
  • Pursuing selective acquisitions to enhance capabilities and geographic reach, exemplified by the acquisition of 2S in Brazil.
  • The company continues evaluating market opportunities in India, Southeast Asia, and Europe, indicating potential future strategic investments aligned with market expansion.
  • Investments focus on profitable growth, operational excellence, and disciplined capital allocation to build a US$2 billion revenue company by FY30.

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Top-ranked in IT - Services

Ranked on what management guided this quarter

Guidance-ranked
1Panache Digilife
Rev 1Mar 1
2Xtranet Techno.
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Black Box said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Order book rising
  • As of Q1 FY27, Black Box Limited's order backlog stands at approximately US$950 million, reflecting an 83% year-on-year increase.
  • The expected order backlog by March 31, 2027 (end of FY27) is guided between US$1.3 billion to US$1.4 billion, representing 65% to 75% growth.
  • Order bookings for FY27 are expected between US$1.3 billion to US$1.4 billion, a growth of 32% to 45%.
  • Large-scale projects in the data center segment typically have a tenure of 24 to 36 months, providing strong revenue visibility.

2 more points from Black Box's call on order book

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Black Box — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.7K Cr, net profit ₹65 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Black Box Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Black Box Q1 FY27 results?

FY27 revenue guidance: INR 7,800 crores to INR 8,000 crores, representing 23% to 27% growth year-on-year. Black Box aims for 23%-27% revenue growth in FY27, targeting INR7,800-8,000 crores.

What is Black Box share price analysis?

Black Box currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 48.2 with a market cap of ₹13,775 Cr. Investors should review the full earnings analysis for detailed insights.

Is Black Box planning capital expenditure?

Black Box Limited plans significant investments to support growth, including: - Hiring and training nearly 2,000 professionals to build execution capabilities and scale.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.