Black Box
Black Box Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
4 of 4 strong
Not discussed on this call: fundraise.
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
- 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.
Profitability & Margins
See what Black Box said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- 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.
Top-ranked in IT - Services
Ranked on what management guided this quarter
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
- 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.
Black Box — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.7K Cr, net profit ₹65 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Black Box Ltd'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.