
Black Box Limited, Essar Group’s technology arm, reported a strong performance in the second quarter of FY26, posting a 14 per cent sequential growth in revenue to Rs 1,585 crore and a 23 per cent rise in earnings before interest, tax, depreciation and amortisation (EBITDA) to Rs 143 crore. Profit after tax stood at Rs 56 crore, up 17 per cent from the previous quarter.
Order momentum remained robust, with the order backlog rising to Rs 4,846 crore ($555 million) and fresh bookings of Rs 1,906 crore ($218 million) during the quarter. Key orders came from global financial services, healthcare, and hyperscaler clients, along with new wins in education and municipal sectors.
During the quarter, Black Box entered a global partnership with Wind River, an Aptiv company, to strengthen its presence in edge and cloud solutions. The alliance is expected to generate around Rs 1,350 crore in revenue over the next five years.
CEO Sanjeev Verma said the quarter’s performance demonstrated sustained profitable growth and strong traction in digital infrastructure and data-centre segments.
CFO Deepak Bansal added that the company’s results reflect operational discipline and the benefits of ongoing transformation efforts. “Q2 FY26 has been a strong quarter, with revenue up 14 per cent sequentially and broad-based growth across key markets. Our transformation journey is driving sustained, profitable momentum, backed by a strong and diversified order book. We are witnessing strong traction in high-growth areas such as data centers and overall digital infrastructure, across our operating markets, and are scaling strategically to capture these opportunities. With solid execution, deep client partnerships, and a healthy pipeline, we remain confident of meeting our FY26 goals,” CEO Sanjeev stated.
With a solid order book, deep client partnerships, and a strong pipeline, Black Box expects continued momentum and a stronger second half of FY26.