Black Box delivers highest ever quarterly revenue with robust order bookings and order backlog
Black Box Limited (BSE: 500463 | NSE: BBOX), a leading provider of digital infrastructure solutions, on Thursday announced its unaudited financial results for the quarter ended June 30, 2026.
Its Q1 revenue rose by 24 per cent; EBITDA Grew by 38 per cent; order backlog reached an all-time high of US$949 million, up by 83 per cent, and PAT grew by 18 per cent YoY.
Black Box is entering a new phase of scale, supported by a stronger business foundation, deeper global customer relationships, and growing participation in the infrastructure powering the AI economy.
Following several years of transformation, the Company has strengthened its financial position, execution capabilities and global delivery platform, positioning it to pursue larger, more complex and mission-critical digital infrastructure programs.
The addressable opportunity is substantial. Across data centres, enterprise networking, connectivity infrastructure, cybersecurity, managed services and digital workplace solutions, Black Box participates in an estimated US$250-300 billion global market. A significant share of this opportunity is concentrated in the United States, where the Company has an established operating presence and deep relationships with some of the world’s largest enterprises.
With a growing order book and backlog, experienced leadership, strong industry tailwinds and proven capabilities in executing large-scale global projects, the Company is well-positioned to capture a larger share of this market. This provides a credible pathway towards its targeted revenue goal of US$2 billion by FY30.
Hyperscale infrastructure is emerging as a powerful new growth engine for the Company.
During the quarter, Black Box added a new global hyperscaler through a US$131 million (~Rs1,240 crore) order, while continuing to expand its relationship with an existing hyperscaler. The Company is also the only India-origin, AI-led digital infrastructure solutions provider currently executing gigawatt-scale data centre programs, demonstrating the depth, scale and execution capabilities it has built to participate in the accelerating global AI infrastructure build-out.
The focus now is on converting this strong market position into sustained, profitable growth: deepening relationships across approximately 300 strategic enterprise accounts, increasing participation in larger multi-year programs and building the execution capacity required to capture a greater share of the opportunity.
A Larger, Longer-Duration and Higher-Quality Order Book
New orders reached approximately US$339 million (~Rs3,208 crore) during the quarter, lifting the order backlog to an all-time high of approximately US$949 million (~Rs8,986 crore), up 83 per cent YoY.
The backlog reflects a step-change in the scale and quality of the business. Compared with a historical range of approximately US$450-500 million, backlog has nearly doubled, supported by increased participation in large, multi-year and mission-critical programs. Project-led backlog grew approximately 50 per cent QoQ, with longer-duration engagements providing 24–36 months of revenue visibility.
Order momentum is expected to strengthen through FY27. Black Box expects US$1.3–1.5 billion of order bookings, representing growth of approximately 32–45 per cent over FY26, and expects to exit FY27 with an order backlog of US$1.3–1.4 billion, an increase of approximately 65–75 per cent YoY. This expanding order base provides a durable platform for the Company’s next phase of growth.
