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Black Box reported strong Q3 FY26, with revenue up 11% YoY to `1,660 Cr and 9-month revenue climbing 5% YoY to `4,631 Cr, driven by higher order execution. While Q3 PAT dipped 11% YoY to `50 Cr due to a one-time `6 Cr employee benefit provision, EBITDA margins stayed steady at 8.9%. North America (67%) and Technology (25%) were key revenue contributors.
The company is strategically expanding into Latin America via its acquisition of Brazil’s 2S Inovações Tecnológicas. This move aims to add `500 Cr revenue in FY27 by combining expertise for unified enterprise solutions. Recent highlights include a robust $232mn Q3 order booking, pushing the total backlog to $601mn. Black Box is on track to achieve its $1bn FY26 order booking target, boosted by major data center and public sector wins.
Management foresees strong revenue visibility for FY27, with the FY26 order backlog revised upwards to ~$800mn. Despite a slight downward adjustment to FY26 revenue, EBITDA, and PAT guidance due to temporary supply chain delays in infrastructure projects, this has increased the order book for future quarters, indicating strong upcoming growth.