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    ALPHA TRIBE

    Black Box Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

    18-11-2025 | 05:10 pm

    Black Box reported Q2 FY26 revenue of INR 1,585 crore (+14% QoQ) and H1 revenue of INR 2,970 crore. Q2 EBITDA was INR 143 crore (9% margin), PAT INR 56 crore (+17% QoQ).

    Strong Q2 order bookings hit $218 million (over INR 1,900 crore); H1 bookings reached $394 million, on track for the $1 billion FY26 target. Backlog stands at $555 million. Management expects H2 to be stronger, targeting 12-15% sequential growth.

    A key Wind River partnership adds INR 1,350 crore revenue over 5 years. Black Box aims for $2 billion revenue by FY29 via mid-teen organic growth and inorganic expansion, with margins expected to improve to 10%+.

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