Black Box Q1 FY27 Results: Revenue ₹1,718.5 Cr

What Black Box reported for Q1 FY27

Black Box Limited reported its unaudited financial results for Q1 FY27, covering the quarter ended June 30, 2026. The numbers show year-on-year growth in consolidated revenue and profit, alongside a sharper picture of the company’s order pipeline. Separately, the company also outlined items that impacted profitability, including exceptional expenses linked to severance, lease foreclosures, and labour code impacts. The quarter included an acquisition in Brazil, which the company referenced as 2S Inovações Tecnológicas S.A., and also noted the acquisition of “2S Inovações Tecnológicas” during Q1 FY27.

A board meeting to consider and approve the unaudited standalone and consolidated financial results for Q1 FY27 was scheduled for August 12, 2026. An earnings call was scheduled for August 13, 2026 at 9:30 AM IST.

Consolidated performance: revenue up 24% YoY

For Q1 FY27, consolidated revenue from operations came in at ₹1,718.50 crore. This was reported as a 24% increase versus ₹1,386.74 crore in the corresponding period of FY25. Consolidated net profit for the quarter was ₹55.92 crore, up 18% from ₹47.43 crore in Q1 FY25.

Profit before tax (PBT) was reported at ₹61.13 crore in Q1 FY27, compared with ₹45.20 crore in Q1 FY25, a 35% increase. The same data set also presented an EBITDA margin metric of 4.0% for Q1 FY27 and 3.3% for Q1 FY26, with an explicit note that EBITDA was calculated as profit before the impact of foreign currency transactions, exceptional items, tax, depreciation, and amortisation.

Alongside this, another set of “Financial Highlights” for the quarter listed EBITDA at ₹160 crore and EBITDA margin at 9.3%, with PAT margin at 3.3% and basic EPS at ₹3.15. These figures were also presented with year-on-year growth rates: revenue up 24% YoY, EBITDA up 38% YoY, and PAT up 18% YoY.

Standalone performance: small revenue base, quarterly loss

On a standalone basis for Q1 FY27, revenue was reported at ₹96.38 crore. Standalone PAT was a loss of ₹2.40 crore for the quarter.

The standalone numbers contrast with the consolidated scale, underlining that the group’s operating footprint and earnings are primarily reflected in consolidated reporting. The document also provides audited FY26 standalone numbers for context, where standalone revenue was ₹405.98 crore and standalone PAT was ₹18.23 crore.

FY26 audited base: consolidated revenue ₹6,321.85 crore

For FY26 (audited), consolidated revenue was reported at ₹6,321.85 crore and consolidated PAT at ₹217.52 crore. FY26 PBT was shown at ₹239.14 crore.

The company’s FY26 performance summary also included EBITDA of ₹570 crore and an EBITDA margin of 9.0%, with PAT margin of 3.4%. This base matters because Q1 FY27 trends are being read against a year in which the company also reported strong order activity.

Dividend: final payout proposed for FY26

The board recommended a final dividend of ₹1 per share for FY26, subject to shareholder approval. The same dividend was also referenced as a “50% dividend (₹1 per share)” in the FY26 update.

Investors typically track these announcements alongside operating performance and cash requirements, especially when management is also discussing exceptional expenses and acquisition-related activity.

Exceptional items and the Brazil acquisition

The company commentary noted that the group recognised exceptional expenses related to severance, lease foreclosures, and labour code impacts. It also stated that it acquired “2S Inovações Tecnológicas” during Q1 FY27.

In addition, the FY26 update separately stated that Black Box completed the acquisition of Brazil-based 2S Inovações Tecnológicas S.A. Taken together, the disclosures indicate that the Brazil acquisition featured in the company’s operational narrative around the transition from FY26 into Q1 FY27.

Order bookings and backlog: pipeline strengthened in Q1 FY27

Operationally, Black Box highlighted a pickup in order visibility during Q1 FY27. Order bookings during the quarter were reported at $139 million (₹3,208 crore). The order backlog was reported at $149 million (₹8,986 crore), up 28% quarter-on-quarter.

The company also said the average tenure of the order backlog increased from 12-15 months in FY26 to approximately 18 months. It further noted that order backlog from project-led business increased by about 50% quarter-on-quarter.

Notable wins listed for Q1 FY27 included a $131 million (about ₹1,240 crore) engagement with a new US-based global hyperscaler and about $10 million (about ₹757 crore) from financial services, healthcare, public services and retail. It also cited large US connectivity infrastructure and networking work with the world’s largest chip manufacturer, a workplace solutions engagement with a leading discount retailer, and significant orders from a US state government and a leading healthcare provider.

Key data table: Q1 FY27 vs Q1 FY25 and FY26

Market and tracking metrics cited with the results

A “Quick Details” panel associated with the results date of August 12, 2026 also listed market and balance sheet indicators. It showed previous quarter revenue at ₹1,691 crore and previous quarter PAT at ₹65 crore, with a previous quarter EBITDA margin of 9.7%. Net debt for the latest quarter was listed at ₹299 crore.

The same panel showed market cap at ₹13,221.37 crore and CMP at ₹744.45. In a separate market note, a different CMP of ₹976 was also referenced, indicating the presence of multiple snapshots from different sources or times.

Why the quarter mattered for investors

The Q1 FY27 update combined three investor-relevant threads: operating performance, exceptional cost disclosures, and order pipeline indicators. The revenue and profit growth rates on the consolidated base provide a headline signal, while the standalone loss highlights the importance of consolidated reporting for understanding the group.

Order bookings and backlog data add context to near-term visibility. A backlog of $149 million (₹8,986 crore) and the stated rise in backlog tenure to about 18 months suggest a longer forward coverage period than the 12-15 months cited for FY26. At the same time, the company’s note on exceptional expenses is important for understanding quarter-to-quarter movements in profitability.

What to watch next: board approval and the earnings call

The board meeting scheduled for August 12, 2026 was set to consider and approve the unaudited standalone and consolidated financial results for Q1 FY27. The earnings call scheduled for August 13, 2026 at 9:30 AM IST was the next formal forum for management to address performance drivers, backlog composition, and the operational impact of exceptional costs and acquisition-related integration.

Investors tracking Black Box are likely to focus on how the order backlog converts into revenue, the mix between project-led and other business lines, and whether margins remain consistent with the company’s stated definitions and disclosures.