Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Black Box Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,682 | 1,571 | 1,574 | 1,655 | 1,480 | 1,423 | 1,497 | 1,502 | 1,545 | 1,387 | 1,585 | 1,660 | 1,691 |
| Expenses + | 1,585 | 1,484 | 1,476 | 1,541 | 1,355 | 1,309 | 1,365 | 1,368 | 1,402 | 1,282 | 1,442 | 1,513 | 1,534 |
| Operating Profit | 97 | 87 | 99 | 114 | 125 | 115 | 133 | 134 | 143 | 105 | 143 | 147 | 157 |
| OPM % | 6% | 6% | 6% | 7% | 8% | 8% | 9% | 9% | 9% | 8% | 9% | 9% | 9% |
| Other Income + | -13 | -2 | -5 | 2 | -8 | -14 | -17 | -12 | -10 | 1 | -13 | -21 | -5 |
| Interest | 34 | 33 | 32 | 36 | 40 | 34 | 32 | 31 | 47 | 34 | 39 | 40 | 45 |
| Depreciation | 31 | 28 | 29 | 28 | 29 | 26 | 28 | 31 | 28 | 27 | 29 | 30 | 31 |
| Profit before tax | 19 | 24 | 33 | 52 | 47 | 40 | 55 | 59 | 58 | 45 | 61 | 57 | 76 |
| Tax % | -19% | 2% | 4% | 21% | 13% | 8% | 6% | 5% | -5% | -5% | 9% | 12% | 15% |
| Net Profit + | 23 | 24 | 32 | 41 | 41 | 37 | 51 | 56 | 60 | 47 | 56 | 50 | 65 |
| EPS in Rs | 1.38 | 1.43 | 1.90 | 2.43 | 2.43 | 2.21 | 3.04 | 3.31 | 3.57 | 2.79 | 3.27 | 2.92 | 3.65 |
Financials of Black Box Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 891 | 881 | 780 | 733 | 1,853 | 4,994 | 4,674 | 5,370 | 6,288 | 6,282 | 5,967 | 6,322 |
| Expenses + | 867 | 876 | 747 | 700 | 1,806 | 4,666 | 4,310 | 5,112 | 6,014 | 5,855 | 5,429 | 5,765 |
| Operating Profit | 24 | 6 | 32 | 33 | 47 | 328 | 364 | 258 | 273 | 426 | 538 | 557 |
| OPM % | 3% | 1% | 4% | 5% | 3% | 7% | 8% | 5% | 4% | 7% | 9% | 9% |
| Other Income + | 38 | 7 | 13 | 19 | -67 | -178 | -75 | 0 | -25 | -14 | -68 | -44 |
| Interest | 26 | 27 | 26 | 25 | 45 | 132 | 98 | 74 | 111 | 141 | 145 | 158 |
| Depreciation | 18 | 8 | 7 | 8 | 15 | 92 | 96 | 99 | 107 | 114 | 113 | 116 |
| Profit before tax | 18 | -22 | 13 | 19 | -79 | -73 | 96 | 86 | 29 | 156 | 212 | 239 |
| Tax % | 16% | 55% | 18% | 22% | -1% | 10% | 19% | 15% | 20% | 12% | 3% | 9% |
| Net Profit + | 15 | -35 | 10 | 15 | -79 | -80 | 78 | 73 | 24 | 138 | 205 | 218 |
| EPS in Rs | 1.04 | -2.43 | 0.73 | 1.05 | -5.30 | -5.38 | 4.80 | 4.43 | 1.41 | 8.19 | 12.09 | 12.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 8% | 8% |
Financials of Black Box Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 28 | 28 | 28 | 28 | 30 | 30 | 33 | 33 | 34 | 34 | 34 | 36 |
| Reserves | 58 | 25 | 41 | 47 | -11 | -206 | 174 | 228 | 262 | 447 | 725 | 1,251 |
| Borrowings + | 161 | 177 | 173 | 158 | 808 | 596 | 328 | 481 | 628 | 712 | 942 | 1,153 |
| Other Liabilities + | 385 | 393 | 346 | 346 | 1,605 | 1,886 | 1,768 | 1,911 | 2,078 | 1,607 | 1,371 | 1,854 |
| Total Liabilities | 633 | 623 | 589 | 580 | 2,432 | 2,306 | 2,303 | 2,652 | 3,002 | 2,800 | 3,072 | 4,294 |
| Fixed Assets + | 90 | 109 | 111 | 114 | 399 | 557 | 622 | 732 | 794 | 808 | 769 | 883 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30 | 32 | 33 | 0 |
| Other Assets + | 543 | 514 | 478 | 467 | 2,032 | 1,749 | 1,681 | 1,920 | 2,175 | 1,960 | 2,271 | 3,410 |
| Total Assets | 633 | 623 | 589 | 580 | 2,432 | 2,306 | 2,303 | 2,652 | 3,002 | 2,800 | 3,072 | 4,294 |
Financials of Black Box Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 28 | 29 | 4 | 52 | -72 | 1,137 | 303 | 95 | 13 | 129 | -88 | 84 |
| Cash from Investing Activity + | 77 | -21 | -4 | -5 | -360 | -382 | 15 | -108 | -56 | 40 | -105 | -57 |
| Cash from Financing Activity + | -100 | -10 | -11 | -54 | 629 | -645 | -277 | -43 | -58 | -155 | 192 | 197 |
| Net Cash Flow | 5 | -2 | -10 | -7 | 197 | 110 | 41 | -55 | -102 | 14 | -0 | 224 |
| Free Cash Flow | 24 | 20 | -5 | 41 | -365 | 1,081 | 285 | 45 | 32 | 134 | -129 | 12 |
| CFO/OP | 109% | 629% | 31% | 126% | -98% | 354% | 69% | 45% | 5% | 25% | -16% | 20% |
Financials of Black Box Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 101 | 90 | 97 | 104 | 170 | 26 | 19 | 25 | 24 | 22 | 35 | 67 |
| Inventory Days | 25 | 23 | 24 | 47 | 88 | 33 | 35 | 47 | 65 | 50 | 42 | 53 |
| Days Payable | 187 | 184 | 187 | 209 | 324 | 133 | 122 | 210 | 208 | 146 | 110 | 129 |
| Cash Conversion Cycle | -60 | -71 | -66 | -59 | -65 | -73 | -68 | -137 | -118 | -74 | -34 | -10 |
| Working Capital Days | -40 | -61 | -61 | -29 | -5 | -59 | -43 | -29 | -13 | 2 | 33 | 54 |
| ROCE % | 4% | 1% | 12% | 13% | 7% | 39% | 58% | 26% | 20% | 31% | 30% | 22% |