Black Box Limited — Updates, 11-02-2025: Press Release

Black Box Limited reported a robust financial performance for the quarter and nine months ended December 31, 2024. In Q3 FY25, the company achieved a record PAT of INR 56 crore, up 37% year-over-year, accompanied by EBITDA of INR 134 crore, reflecting a 15% increase. Despite a 9% decline in revenue to INR 1,502 crore compared to Q3 FY24, the improvement in profitability was driven by enhanced operational efficiencies and a focus on higher-margin projects.

The company's order book stands at approximately INR 3,900 crore (US$ 465 million), supported by significant wins, including major contracts for data center build-outs with leading hyperscalers and various projects across sectors like cybersecurity and telecom. As the demand for digital infrastructure continues to rise, particularly linked to AI advancements, Black Box is well-positioned to capitalize on these trends, aiming for a revenue target of US$ 2 billion by FY29. The outlook remains positive, with strong growth potential in a highly digital world.