The IT company Black Box, part of Essar Group, reported on Friday a 30.6% increase in consolidated net profit, reaching 72.68 crore rupees for the quarter from July to September of fiscal year 27. This growth was driven by the development of business in corporate solutions and data center sectors.
According to the report from the Mumbai-based company, the net profit in the same period last year was 55.65 crore rupees. Black Box's operating revenue increased by 22.2%, amounting to 1,936.30 crore rupees compared to 1,584.59 crore rupees in the second quarter of fiscal year 26. Compared to the previous period, profit and revenue grew by 30% and 13% respectively.
The company stated in its release that the growth was ensured by the successful implementation of projects in the field of hyper-scale data center infrastructure and corporate solutions, as well as by the growing momentum in the technology product business.
Order Information
Furthermore, Black Box secured over $250 million in data center orders in the first half of fiscal year 27. The company noted that a significant portfolio of large deals with hyperscalers should stimulate the acquisition of major orders and accelerate growth in the coming quarters.
As of the end of the quarter in September, the company's total backlog reached $1,044 million, representing an 88% increase compared to the previous year. During this quarter, new contracts totaling $298 million were signed, which is 37% more.
Sanjiv Verma, Managing Director and CEO of Black Box, stated that these results strengthen the company's confidence in scaling the business to achieve the near-term revenue target of $2 billion. He emphasized that the data center business is a powerful growth driver, supported by large orders from numerous hyperscalers and repeated wins in their infrastructure development projects.
Verma added that the company's strong presence in the US, deep expertise, and proven execution capability allow it to capture a larger share in accelerating investments in data centers, which is supported by substantial potential opportunities. He also noted that expanding the business in corporate solutions and technology products in the US and international markets strengthens the growth forecast.
The company expressed confidence in achieving the fiscal year 27 forecast for revenue growth within 23–27% and an increase in after-tax profit of 38–50%, expecting profit growth to remain in high double digits over the next few years alongside strengthened cash generation. The company plans to end the year with a backlog of $1.3–1.4 billion.
The company is also progressing with a plan to hire nearly 3,000 specialists by fiscal year 30, primarily in the US, with recruitment focused on large data center projects.
