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Black Box Posts Record Q2 Revenue as Backlog Tops US$1.044 Billion

A surge in large multi‑year contracts gives multi‑year revenue visibility that underpins management's plan to scale to US$2 billion.

Overview

  • On Friday, Nov. 13, Black Box reported Q2 FY27 revenue of ₹1,936 crore and consolidated PAT of ₹73 crore, marking year‑on‑year growth of 22% and 31% respectively.
  • Quarterly EBITDA rose 23% to ₹175 crore with an approximate 9% margin, and the company generated operating cash flow of ₹115 crore in the first half of FY27.
  • The firm won US$298 million in new orders in Q2 and its order backlog expanded to a record US$1,044 million, an 88% rise year on year that now includes more large, multi‑year engagements.
  • Management reaffirmed FY27 guidance for double‑digit revenue and PAT growth and reiterated an immediate strategic target to scale revenue to US$2 billion, making execution and cash conversion the main near‑term tests.
  • Black Box is leveraging hyperscale data‑centre work and repeat enterprise wins to build scale, and it plans hiring and delivery expansions to support larger projects and convert backlog into future revenue.