Black Box Okhla

Black Box eyes $700 mn additional revenues via acquisitions in 3-4 years

The Essar group company is setting up a dedicated mergers and acquisitions (M&A) team to identify targets so that it can expand digital infrastructure capabilities and geographic reach

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 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 promoters to raise Rs 410 cr via preferential issue of warrants

When warrants are converted into equity, promoter shareholding will decrease marginally

Black Box Q3 results: Net profit rises to Rs 41 crore, revenue remains flat

IT company Black Box posted a multi-fold jump in consolidated net profit to Rs 40.87 crore in the December quarter on account of cost rationalisation and enhanced productivity. The company had posted a net profit of Rs 7.79 crore in the year-ago period, it said in a regulatory filing on Friday. The consolidated revenue of Black Box during the third quarter of the current fiscal remained almost flat at Rs 1,655.47 crore compared to Rs 1,671.71 crore a year ago. "We are delighted by our achievements in the third quarter and nine months of FY24. Our EBITDA margins and overall profitability both on a quarter-on-quarter and year-on-year basis increased substantially due to our emphasis on cost rationalisation and enhanced productivity. "Strong order book, coupled with deal wins in excess of USD 50 million during the quarter, makes us confident in our resilient business model," Black Box Whole Time Director Sanjeev Verma said. The company said its strategy to focus on large revenue ...

Black Box targets $1 bn revenue by next fiscal, buoyed by rising demand

On Wednesday, shares of Black Box closed at Rs 204, giving the company a total valuation of Rs 3,427 crore

Black Box to expand into digital infra, data center integration space

Reliance Industries Ltd (RIL) announced in July that it is investing $122 million alongside Brookfield in a data centre joint venture

Black Box Okhla: Stage-setting gets a whole new dimension

The exciting synergy of light, sound, stage and performance makes The Shakuntala Project an absorbing watch