Sanjeev Verma, Executive Director and CEO of Black Box, anticipates that revenue growth could reach 20% in FY27, while margins are projected to remain around 10%.
Verma stated, “Looking at our current order book, which stands at a remarkable $800 million in backlog, we have booked about a billion dollars and expect substantial growth in bookings this year. You can anticipate considerable revenue growth in the upcoming year.”
Black Box’s current market capitalization is ₹17,602.20 crore. The stock was priced at ₹993.50 at 12:24 PM on the NSE, reflecting a gain of over 108% in the past year.
In the January-March quarter (Q4FY26), Black Box reported a revenue of ₹1,690 crore and a net profit of ₹65 crore, with a margin of 9.29%.
A key growth driver for the company is anticipated to be spending on AI-related infrastructure. Black Box noted an increase in opportunities from global hyperscalers and expects stronger order inflows through FY27. The company also mentioned a strategic breakthrough with a new hyperscaler client, although specifics are yet to be revealed.
While some infrastructure challenges like fiber availability and power shortages persist in parts of Europe, Black Box believes its operations across multiple regions provide a competitive edge. The company functions in 35 countries, with North America as its primary market, while Europe and Asia-Pacific are also gaining traction.
Addressing cash flows, management recognized pressures due to delayed project execution in the March quarter, which led to increased receivables. Nonetheless, the company anticipates improvements in collections for FY27 and expects cash generation to strengthen significantly as projects progress.
Black Box’s current market capitalization is ₹17,602.20 crore.
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First Published: May 27, 2026 12:42 PM IST
