Black Box Q2 Results 2026: PAT ₹73 Cr +31%, Revenue ₹1,936 Cr +22%
Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.
- Revenue
- ₹1,936Cr
- +22.2% YoY
- +12.7% QoQ
- Net profit
- ₹73Cr
- +30.6% YoY
- +30% QoQ
- Margin
- 9%
- 0 pp YoY
- −0.3 pp QoQ
Guidance rank: #9 of 39 in IT - Services
See the sector's top 10 — free with your mobile number.
Based on Black Box Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.
The short version
Q2 FY27 revenue from operations: ₹1,936 crore, a 22% year-on-year (YoY) increase from ₹1,585 crore in Q2 FY26 (Page 9). Q2 FY27 EBITDA: ₹175 crore, up 23% YoY; EBITDA Margin: 9.0% (flat YoY).
From Black Box Ltd's Q2 FY27 earnings-call transcript · updated 13 Nov 2026.
How did Black Box's revenue grow in the September 2026 quarter?
- Q2 FY27 revenue from operations: ₹1,936 crore, a 22% year-on-year (YoY) increase from ₹1,585 crore in Q2 FY26 (Page 9).
- H1 FY27 revenue: ₹3,655 crore, up 23% YoY from ₹2,971 crore in H1 FY26 (Page 9).
- Q2 FY27 gross profit margin: 29.6% (Page 9).
- Q2 FY27 EBITDA margin: 9.0% (Page 9).
- Company’s guidance for FY27 revenue: ₹7,800 – ₹8,000 crore, implying 23–27% YoY growth over FY26’s ₹6,322 crore (Page 16).
- Order backlog guidance for FY27: $1,300 – $1,400 million, a 65–75% increase YoY from $792 million in FY26 (Page 16).
2 more points from Black Box Ltd's call on revenue
Create a free account to keep reading this call
What happened to Black Box's margins in Q2 FY27?
Q2 FY27 EBITDA: ₹175 crore, up 23% YoY; EBITDA Margin: 9.0% (flat YoY)
Locked: what Black Box Ltd said on margins
Also locked on this page: fundraising
Free account, 30 seconds. No card needed.
What capex is Black Box planning?
- It highlights a low capex business model (Page 25), with cash flow details showing relatively modest investing activities (e.g., Net Cash from Investing Activities ranging from -₹71 crore to +₹19 crore in FY21-FY26).
- There is discussion of strategic inorganic growth via acquisitions, including a Brazil-based company acquisition contributing ₹177 crore revenue in H1 FY27, supporting geographic and capability expansion (Pages 14-15).
- The focus is on organic scale-up and M&A to reach ₹18,000 crore revenue by FY30, rather than capital-intensive plant or project builds.
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.
Is Black Box raising money or cutting debt?
The presentation mentions raising INR 386 crore through a preferential equity issue, with 25% raised in…
Locked: what Black Box Ltd said on fundraising
Also locked on this page: margins
Free account, 30 seconds. No card needed.
How big is Black Box's order book?
- Order backlog stands at $1,044 million (~₹9,975 crore) as of Sep '26, up 88% YoY.
- Average backlog tenure is approximately 18 months.
- Breakdown of backlog:
- Data center projects: 24-36 months
- Enterprise projects: 6-12 months
- Maintenance contracts: 12-24 months
- Managed services: 12-24 months
- Project-led order backlog increased by 50%, indicating higher quality and longer-duration engagements.
- Q2 FY27 notable order wins include:
- $55 million multi-site data center order from a U.S.-based global hyperscaler.
- Two large healthcare services orders totaling over $17.5 million.
2 more points from Black Box Ltd's call on order book
Create a free account to keep reading this call
Black Box Ltd — Quarterly revenue & net profit
Q2 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q2 FY27 numbers from the filing are in the table below.
Black Box Ltd Q2 FY27 results — key figures
| ₹ Cr | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| Revenue | 1,936 | 1,585 | +22.2% | 1,719 | +12.7% |
| Operating profit (EBITDA) | 175 | 143 | +22.7% | 160 | +9.6% |
| Operating margin | 9% | 9% | 0 pp | 9.3% | -0.3 pp |
| Profit before tax | 81 | 61 | +33.1% | 61 | +33% |
| Net profit (PAT) | 73 | 56 | +30.6% | 56 | +30% |
| EPS (₹) | 4.09 | 3.28 | +24.7% | 3.15 | +29.8% |
Source: Black Box Ltd's results filing to NSE (consolidated), ₹ crore.
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.
Full financials →More Q2 FY27 results in IT - Services
Continue your research
What Black Box's management said in earlier quarters
Others in IT - Services this season
- IZMO (Q2 FY27)
624.66 lakhs, approximately 10.4% increase . Key results statement takeaways from IZMO Ltd's Q2 FY27 results statement — and how it ranks against sector peers.
- Palred Technolog (Q2 FY27)
12.7 crore (implicitly from PAT and expenses; exact EBITDA not explicitly stated) . Key results statement takeaways from Palred Technologies Ltd's Q2 FY27 resul
- Handson Global (Q2 FY27)
Standalone revenue decreased by approximately 50.7%. Key results statement takeaways from Handson Global Management (HGM) Ltd's Q2 FY27 results statement — and
- Enfuse Solutions (Q2 FY27)
Revenue from operations (standalone) for H1 FY26-27: ₹2,320.57 lakh, down 25.8% year-on-year from ₹3,128.22 lakh in H1 FY25-26. Key investor presentation takeaw
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
Black Box Ltd and 15K+ more earnings calls,
for less than your morning chai
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Black Box Ltd Q2 FY27 results?
Q2 FY27 revenue from operations: ₹1,936 crore, a 22% year-on-year (YoY) increase from ₹1,585 crore in Q2 FY26 (Page 9). Q2 FY27 EBITDA: ₹175 crore, up 23% YoY; EBITDA Margin: 9.0% (flat YoY).
What is Black Box Ltd share price analysis?
Black Box Ltd currently shows a neutral. The stock trades at a P/E of 56.0 with a market cap of ₹15,996 Cr. Investors should review the full earnings analysis for detailed insights.
Keep Black Box Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.