Black Box Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.
Published 25 Aug 2026 | IT - Services | Market Cap: ₹13.8K Cr
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.
Price
₹755
Market Cap
₹13.8K Cr
P/E Ratio
48.2
How does Black Box rank in IT - Services?
Compare Black Box against every IT - Services company this quarter on revenue, margins and earnings-call signals.
Black Box — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹65 Cr.
Full financials →📊 Revenue & Sales Performance
Rank 2- →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.
- →Revenue growth expected to spill over into FY28 due to large multi-year project timelines.
- →Target to build a US$2 billion (INR 18,000 crores) business by FY30 with 12,000 crores from organic growth and 6,000 crores from acquisitions.
See what Black Box said on profitability & margins — free account, 30 seconds.
🏗️ Capital Expenditure Plans
Yes- →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.
- →Ongoing investment in talent and training is essential to execute large-scale, multi-billion dollar infrastructure projects.
- →Management is also exploring adjacencies like compute and storage to potentially expand addressable market in hyperscale data center segments.
See what Black Box said on fundraising & capital structure — free account, 30 seconds.
📋 Order Book & Pipeline
Yes- →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.
- →The substantial backlog is expected to support revenue growth well into FY28, with a portion of current backlog execution spilling over to the next fiscal year.
- →The company anticipates continued order addition in H2 FY27, potentially increasing backlog beyond current estimates.
Key Metrics
2 of 5 growth signals positive in the Q1 FY27 call.
Revenue
Margin
Capex
Fundraise
Order Book
How does Black Box rank vs peers in IT - Services?
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What BBOX's management said in earlier quarters
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.