Black Box posted Q3 FY26 revenue of INR1,660 Cr (+11% YoY) and 9M revenue of INR4,631 Cr (+5% YoY). Q3 EBITDA was INR147 Cr (8.9% margin); PAT INR50 Cr. FY26 revenue guidance revised to INR6,325-6,375 Cr due to temporary supply chain delays impacting data center project execution.
Company maintains its $1 billion FY26 order booking target, expecting backlog to hit $800 million by March 2026. The acquisition of 2S Inovações Tecnológicas will add INR500 Cr revenue in FY27, supporting the $2 billion target by FY29/30 via 30-35% CAGR. Management sees current challenges as temporary.