Black Box Ltd

📊 Black Box Ltd Q1 FY26 Update: Strong Order Book & Margin Growth Amid Revenue Dip

- Order backlog: ₹4,433Cr ($518M), up from ₹4,313Cr at FY25 close

- Q1 FY26 bookings: ₹1,506Cr ($176M), 66% large-value engagements

- Key clients: US financial giant, LatAm OTT leader, global hyperscaler data centers

- Revenue: ₹1,387Cr (-3% YoY) due to tariff delays

- EBITDA: ₹116Cr (+1% YoY), margins up 30bps to 8.4%

- PAT: ₹47Cr (+28% YoY), margins up 80bps to 3.4%

- Streamlined operations: Low-value accounts cut to <1,000 (vs 1,500 last year)

- Global workforce: ~3,500 professionals across tech, healthcare, finance

- Management focus: Multi-year turnaround complete, FY26 growth acceleration