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Black Box Ltd News

Black Box Q3 results: Profit up 37% to Rs 56 cr, revenue slips 9%

Essar Group's IT arm Black Box has reported a 37.2 per cent increase in consolidated net profit to Rs 56.08 crore for the October-December quarter of 2024-25 compared to Rs 40.87 crore in the same period of the previous fiscal. Revenue from operations for dropped by 9.28 per cent to Rs 1,501.7 crore in the third quarter of FY25 against Rs 1,655.4 crore in the December quarter of FY24. The company said subdued order bookings as a result of delayed decision-making with some of its large customers, coupled with its strategy to exit the tail customers led to a decline in revenue. However, the pipeline continues to remain strong, it said, with the order book standing at USD 465 million. Additionally, the company has already received orders worth USD 80 million in the ongoing quarter. "Positive impact already seen in Q4 FY25 and expected to strengthen from Q1FY26...Pipeline conversion and improved win-rate expected to positively impact the revenues beginning Q2FY26 onwards," the statemen

Black Box Q3 results: Profit up 37% to Rs 56 cr, revenue slips 9%
Updated On : 11 Feb 2025 | 9:16 PM IST

Black Box enters next growth phase with revamped GTM strategy: Ventura

Muted sales growth in FY24 notwithstanding, Black Box is poised for its next growth phase aided by a growing deal pipeline, revamped go-to-market strategy, and focus on data centres, according to a report by brokerage firm Ventura Securities. Black Box, an Essar Group company, is a digital infrastructure integrator. Its portfolio includes data centre solutions, advanced networking solutions, AI-powered analytics and IoT-enabled devices. "Despite muted sales growth in FY24, primarily due to delays in project execution and decision-making, Black Box is poised for next growth phase," it said, adding that the firm has revamped its strategy by focusing on the top 300 customers and exiting less profitable long-tail customers, as they do not contribute to margin growth. Black Box plans to concentrate on data centres, primarily in North America and India, Ventura said. Data centres constitute about 20 per cent of the company's revenues. With a customer base that includes major hyperscaler

Black Box enters next growth phase with revamped GTM strategy: Ventura
Updated On : 02 Jan 2025 | 7:52 PM IST

Black Box Q2 result: Profit rises 60% to Rs 51 cr due to operating leverage

Essar Group's IT arm Black Box has reported a 60 per cent jump in consolidated net profit to Rs 51.14 crore for the July-September quarter, helped by operating leverage. It had reported a net profit of Rs 31.96 crore in the year-ago period, according to a regulatory filing. Its revenue for the quarter under review declined 4.89 per cent to Rs 1,497.2 crore from Rs 1,574.3 crore in Q2 FY24. The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter increased 34 per cent to Rs 135 crore, a statement said. "The company's commitment towards better performance achieved through operating leverage has led to growth in both EBITDA and PAT margins," it added. Seen sequentially, profit and revenue rose by 37.88 per cent and 5.19 per cent, respectively. Black Box Whole Time Director Sanjeev Verma said the company's cost optimisation efforts will yield consistent growth in operating performance and enhanced productivity, leading to better margins.

Black Box Q2 result: Profit rises 60% to Rs 51 cr due to operating leverage
Updated On : 10 Nov 2024 | 2:30 PM IST

Black Box expects rise in India biz share, hire 400 people in 2 yrs

Essar Group's IT arm Black Box expects the share of India business to grow by 1-2 percentage points in its course to become a USD 2 billion revenue company by 2027-28, a top official of the company said. The company specialises in building IT infrastructure for critical technology applications including hyperscaler data centres and planning to bring its learning to the Indian market as many of the company's global customers are looking to invest in the country, Black Box CEO Sanjeev Verma told PTI. He said that the company plans to increase employee headcount across all levels in India to around 1,000 people from about 600 people at present. "Currently, India is 6 per cent of our business. We do not expect it to become much larger, but if we have to go to USD 2 billion then it will be significantly important for us to move it to 7- 8 per cent," Verma said. The company has reported revenue of around USD 750 in FY2024. Verma said that Black Box want to bring some value to India base

Black Box expects rise in India biz share, hire 400 people in 2 yrs
Updated On : 15 Sep 2024 | 5:34 PM IST

Black Box Q1 result: Net profit up 55% at Rs 37 cr on improved deal margins

Revenue from operations declined by 9 per cent, falling to Rs 1,423 crore compared to Rs 1,571 crore in the corresponding quarter of the previous year

Black Box Q1 result: Net profit up 55% at Rs 37 cr on improved deal margins
Updated On : 14 Aug 2024 | 2:46 PM IST