Black Box Q3 FY26 Revenue Rises 11% to ₹1,660 Crore; Backlog Targets $800 Million by FY26-End After Brazil Acquisition Pact

Mumbai, February 12, 2026: Black Box Limited (BSE: 500463 | NSE: BBOX) reported an 11 percent year-on-year increase in consolidated revenue to ₹1,660 crore for the quarter ended December 31, 2025, alongside a 10 percent rise in EBITDA, as the company strengthened its order pipeline and executed a definitive agreement to acquire Brazil-based 2S Inovações Tecnológicas.
The digital infrastructure solutions provider indicated that order backlog is projected to reach approximately $800 million by the end of FY26, exceeding its earlier estimate of $700 million.

Consolidated Financial Performance: Q3 & 9M FY26​

Key Financial Highlights​

PAT was impacted by a one-time provision of ₹6 crore related to changes in employee benefit provisions arising from the New Labour Code.
Revenue for Q3 FY26 stood at ₹1,660 crore compared to ₹1,585 crore in Q2 FY26, reflecting sustained execution momentum. EBITDA for the quarter rose to ₹147 crore, with margins stable at 8.9 percent, supported by improved cost absorption and a balanced business mix.
Profit after tax declined to ₹50 crore in Q3 FY26 from ₹56 crore in the year-ago quarter and the preceding quarter, primarily due to the one-time exceptional provision. For the nine-month period, PAT increased 6 percent year-on-year to ₹153 crore.

Order Book Strengthens; Backlog Expands​

For the nine months of FY26, Black Box booked orders worth $626 million, equivalent to approximately ₹5,466 crore. The company stated it is on track to achieve $1 billion in order bookings for FY26.
Order backlog as of December 31, 2025 stood at $601 million, or ₹5,402 crore, reflecting an increase of around $100 million during the current fiscal year. Backlog is expected to exceed $800 million by March 31, 2026.
Notable wins during the quarter included data centre orders from hyperscalers, multiple US public sector contracts, a large order from an Indian internet company, and a significant banking contract in Australia. Investments in the data centre vertical have begun yielding results, with momentum expected to continue.

Brazil Acquisition to Bolster LATAM Presence​

Black Box has executed definitive agreements to acquire 100 percent equity in 2S Inovações Tecnológicas S.A., headquartered in São Paulo, Brazil. The transaction is expected to close by the end of March 2026.
The acquisition aligns with the company’s global strategy to scale to US$2 billion in annual revenues by 2030. Brazil has been identified as a strategic hub for technology development and regional expansion in Latin America.
Sanjeev Verma, Executive Director and Chief Executive Officer, said the company is entering FY27 with strong revenue visibility and improved business mix. He added that combining 2S’s Cisco and cloud capabilities with Black Box’s infrastructure and AV strengths will enhance enterprise solutions and accelerate digital transformation in the LATAM market.
Deepak Bansal, Chief Financial Officer, stated that while PAT was impacted by the one-time provision, the underlying profitability trajectory remains intact. He indicated that the acquisition is expected to add around ₹500 crore in revenue in FY27, with integration and synergy targeted within 90 days of closing.

About Black Box Limited​

Black Box Limited is a global provider of digital infrastructure solutions, delivering network and system integration, managed services, and technology products to Fortune 100 and leading global enterprises. The company operates across the United States, Europe, India, Asia Pacific, the Middle East, and Latin America, serving sectors including financial services, technology, healthcare, retail, public services, and manufacturing. It offers end-to-end capabilities in network integration, digital connectivity infrastructure, data centre buildouts, modern workplace solutions, cybersecurity, and technology products across AV, IoT, KVM, networking, infrastructure, and cables.

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