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Black Box Limited Q4 FY25 earnings call summary

NSE: BBOX · BSE: 500463

Earnings call of 28 May 2025, summarised by AI from the filing.

Black Box reported Q4 FY25 revenue growth of 4% Y-o-Y, EBITDA up 21% and PAT up 48%, and guided FY26 EBITDA growth of 14-22% and PAT growth of 29-39%.

Key takeaways

  1. Q4 results Revenue grew 4% Y-o-Y; EBITDA up 21% and PAT up 48%, with EBITDA margin at 9.5%.
  2. FY26 guidance Guiding EBITDA growth of 14% to 22% and PAT growth of 29% to 39%.
  3. Order book Order book at US$504 million as of March 2025, up US$39 million sequentially.
  4. Growth driver Record Q4 order wins of INR 1,550 crore, more than twice Q3, from large deals.
  5. Risk Delays in decision making by large clients due to dynamic economic environment.

Original filing on BSE

Black Box Limited Q1 FY27 results

As filed: Revenue ₹1,719 cr (+24% year on year), EBITDA ₹160 cr (+37% year on year), PAT ₹55.9 cr (+38% year on year), EBITDA margin 9.3% (+87 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,691 cr (+9% year on year), EBITDA ₹164 cr (+12% year on year), PAT ₹64.8 cr (+24% year on year), EBITDA margin 9.7% (+26 bps). Score 50 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was below it; profit before exceptional items growth was in line with it. EBITDA margin rose 26 bps year on year. Tax rate 15%. Profit before exceptional items rose ₹17.3 cr on a year ago, more than the ₹17.0 cr it added the year before. Share price after the results: −1.9% in 30 days (Nifty 500: +0.8%).
  • Q3 FY26: Revenue ₹1,660 cr (+10% year on year), EBITDA ₹147 cr (+10% year on year), PAT ₹49.7 cr (+9% year on year), EBITDA margin 8.9% (0 bps). Score 45 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit before exceptional items growth were below it. EBITDA margin was flat year on year. Tax rate 12%. Share price after the results: −14.7% in 30 days (Nifty 500: −10.1%).
  • Q2 FY26: Revenue ₹1,585 cr (+6% year on year), EBITDA ₹142 cr (+5% year on year), PAT ₹56.0 cr (−1% year on year), EBITDA margin 9.0% (−6 bps). Score 42 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin was flat year on year. Tax rate 10%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −4.8% in 30 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹1,387 cr (−3% year on year), EBITDA ₹117 cr (+3% year on year), PAT ₹47.0 cr (+5% year on year), EBITDA margin 8.4% (+42 bps). Score 23 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA and profit before exceptional items growth were well below it. EBITDA margin rose 42 bps year on year. Tax rate -4%. Revenue fell 10% from last quarter. Share price after the results: −9.4% in 30 days (Nifty 500: +2.2%).
  • Q4 FY25: Revenue ₹1,545 cr (+4% year on year), EBITDA ₹146 cr (+17% year on year), PAT ₹60.0 cr (+30% year on year), EBITDA margin 9.5% (+100 bps). Score 52 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit before exceptional items growth were below it. EBITDA margin rose 100 bps year on year. Tax rate -5%. Profit before exceptional items rose ₹17.0 cr on a year ago, more than the ₹15.0 cr it added the year before. Share price after the results: +4.2% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹1,502 cr (−9% year on year), EBITDA ₹133 cr (+17% year on year), PAT ₹56.0 cr (+18% year on year), EBITDA margin 8.9% (+197 bps). Score 14 of 100, Below trend. Revenue and profit before exceptional items growth were well below the company's own trend; EBITDA growth was below it. EBITDA margin rose 197 bps year on year. Tax rate 5%. Consolidated profit +37% but standalone -67%. Profit fell 5% from last quarter.
  • Q2 FY25: Revenue ₹1,497 cr (−5% year on year), EBITDA ₹135 cr (+32% year on year), PAT ₹51.0 cr (+62% year on year), EBITDA margin 9.0% (+254 bps). Score 60 of 100, In line with trend. EBITDA margin rose 254 bps year on year. Tax rate 7%. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Black Box Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.