New Global Hyperscaler Win and Gigawatt-Scale Data Centre Execution Expand the Growth Opportunity

Q1 Revenue Rises 24%; EBITDA Grows 38%; Order Backlog Reaches an All-Time High of US$949 Million, Up 83% YoY

Mumbai, August 13, 2026: Black Box Limited (BSE: 500463 | NSE: BBOX), a leading provider of digital infrastructure solutions, today announced its unaudited financial results for the quarter ended June 30, 2026.

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 (~₹1,240 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.

Q1 Performance Demonstrates Strong Operating Momentum 

Profit and Loss (in ₹ crore):

*The quarter included two months of consolidation from the recently acquired Brazil-based 2S Inovações Tecnológicas business.

A Larger, Longer-Duration and Higher-Quality Order Book

New orders reached approximately US$339 million (~₹3,208 crore) during the quarter, lifting the order backlog to an all-time high of approximately US$949 million (~₹8,986 crore), up 83% 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 increasing participation in large, multi-year and mission-critical programs. Project-led backlog grew approximately 50% 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% over FY26, and expects to exit FY27 with an order backlog of US$1.3–1.4 billion, an increase of approximately 65–75% YoY. This expanding order base provides a durable platform for the Company’s next phase of growth. 

Momentum Extends Across a Blue-Chip Customer Base

Demand remained broad-based beyond hyperscalers, with financial services, healthcare, public services and retail contributing approximately US$80 million (~₹757 crore) to order bookings during the quarter.

Key wins included a large U.S. connectivity infrastructure and networking engagement with one of the world’s largest chip manufacturers; a workplace solutions and connectivity engagement with a leading discount retailer; and significant orders from a U.S. state government and a leading healthcare provider.

The breadth of these wins reinforces Black Box’s position in mission-critical infrastructure environments and highlights the opportunity to deepen relationships and expand share of wallet across its strategic customer base. 

Building a Scalable Execution Advantage

As digital infrastructure programs increase in size and complexity, the ability to mobilize experienced, skilled resources at scale is becoming a critical competitive differentiator.

Black Box is strengthening its leadership, sales, engineering and delivery capabilities and plans to hire nearly 3,000 professionals by FY30, primarily in the U.S. This investment is intended to expand delivery capacity, support larger and more complex programs, and create the execution engine required for the Company’s next phase of growth. 

Mr. Sanjeev Verma, Whole-time Director & Chief Executive Officer, said, “We have entered FY27 with strong momentum, delivering our highest-ever quarterly revenue of ₹1,719 crore, up 24% YoY, driven by improved execution of our expanding backlog and the contribution from our recently acquired Brazilian business, 2S. Strong order bookings of US$339 million lifted our backlog to an all-time high of US$949 million, providing greater visibility and a strong foundation for sustained growth.

Black Box today operates from a fundamentally stronger platform. Our growing participation in AI-led digital infrastructure, expanding hyperscaler relationships and deep presence across approximately 300 strategic enterprise accounts give us significant headroom to scale. Our priority is to convert this opportunity into disciplined, profitable growth as we build towards our ambition of becoming a US$2 billion revenue company by FY30.” 

Mr. Deepak Kumar Bansal, Executive Director and Global CFO, said, “Q1 demonstrates the improving financial quality of the business, with EBITDA growth outpacing revenue growth and margins expanding by 90 bps. The increasing scale, quality and duration of our order book create a stronger base for growth and enhance revenue visibility.

Our focus remains on translating this momentum into stronger cash flows and returns through operating leverage, disciplined working capital management and prudent capital allocation, while selectively investing in capabilities that can create sustainable long-term value.”