Sanjeev Verma, Executive Director and CEO of Black Box expects revenue growth could touch 20% in FY27, while margins remain around 10%.
Verma said, “If we look at the order book at this time, coming at the highest of $800 million opening backlog, we booked about a billion dollar, expected to dramatically grow booking this year. You can expect a significant revenue growth in the coming year.”
Black Box’s current market capitalization is ₹17,602.20 crore. The stock was trading at ₹993.50 at 12:24 pm on the NSE and has gained more than 108% over the past year.
In the January-March quarter (Q4FY26), Black Box reported revenue of ₹1,690 crore, net profit of ₹65 crore and margin at 9.29%.
A major driver for the company is expected to be AI-related infrastructure spending. Black Box said it is seeing rising opportunities from global hyperscalers and expects stronger order inflows through FY27. The company also highlighted a strategic breakthrough with a new hyperscaler customer, though details are yet to be disclosed.
While some infrastructure bottlenecks such as fiber availability and power shortages continue in parts of Europe, Black Box believes its presence across multiple geographies gives it an advantage. The company operates in 35 countries, with North America remaining its key market, while Europe and Asia-Pacific are also showing momentum.
On cash flows, management acknowledged pressure due to delayed project execution in the March quarter, which increased receivables. However, the company expects collections to improve in FY27 and said cash generation should strengthen meaningfully as projects move ahead.
Black Box’s current market capitalization is ₹17,602.20 crore.
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First Published: May 27, 2026 12:42 PM ist
