Black Box reports 28% YoY growth in PAT for Q1 FY26

Mumbai: Black Box Limited, a provider of digital infrastructure solutions, announced its unaudited financial results for the quarter ended June 30, 2025.

The Company delivered a good performance with year-over-year improvement in both operating profit and net profitability, despite the ongoing global tariff uncertainty that impacted project execution timelines.

Consolidated Financial Highlights for Q1 FY26:

Particulars Q1 FY26 Q1 FY25 YoY Change
Revenue 1,387 1,423 -3%
EBITDA 116 115 +1%
EBITDA Margin 8.4% 8.1% +30 bps
PAT 47 37 +28%
PAT Margin 3.4% 2.6% +80 bps

As per the company, Revenue for Q1 FY26 stood at ₹1,387 crore compared to ₹1,423 crore in Q1 FY25. The delay in equipment procurement by certain clients, because of the prevailing tariff environment, resulted in deference of the service execution and revenue recognition. EBITDA for the quarter was ₹116 crore, representing a 1% year-on-year growth. EBITDA margins improved by 30 basis points to 8.4% in Q1 FY26 year-on-year, despite lower fixed cost absorption on account of decrease in revenues. Profit after tax (PAT) rose 28% year-on-year to ₹47 crore from ₹37 crore in Q1 FY25. PAT margins improved 80 basis points, driven by a reduction in exceptional items and lower taxes

Commenting on the results, Mr. Sanjeev Verma, Whole Time Director, said, “Over the past five years, we have transformed Black Box from a loss-making entity into a profitable, cash-generating business with a strong balance sheet. With the turnaround complete, FY26 is about accelerating growth, scaling revenues, and capturing market leadership. While the year began at a slower pace, we are seeing solid traction in key accounts and are actively engaged in multiple high-value opportunities. Supported by our differentiated capabilities, robust pipeline, and committed teams, we remain confident in delivering sustainable, long-term growth.”