Black Box Limited — Investor Meet, 21-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Black Box reported Q1 FY26 results: Revenue at ₹1,387 Cr (down 3% YoY), EBITDA at ₹116 Cr (up 1% YoY) with 8.4% margin, and PAT at ₹47 Cr (up 28% YoY). Order bookings were $176M, with backlog reaching $518M. Management targets $1B order bookings and $700M backlog by FY26 end, expecting 15-20% sequential growth. Revenue was impacted by client delays due to tariffs, but Q2 is expected to improve. Strategic shift to larger, high-value, multi-year deals and reduced low-value accounts is paying off. Leadership is confident in growth plans and margin outlook, driven by strong pipeline and GTM transformation.