Latest news with #DeepakKumarBansal
United News of India
27-05-2025
- Business
- United News of India
Black Box Q4 PAT surges 48 per cent
Mumbai, May 27 (UNI) Black Box Limited, Essar Group's technology arm and a global provider of digital infrastructure solutions, on Tuesday reported robust financial performance for the quarter and financial year ended March 31, 2025, driven by improved margins, strong order inflows, and operational efficiencies. The Company reported a consolidated Profit After Tax (PAT) of ₹60 crore for Q4 FY25, registering a 48 per cent year-on-year (YoY) growth, while EBITDA rose 21 per cent YoY to ₹147 crore. Revenue for the quarter stood at ₹1,545 crore, up 4 per cent YoY. For the full year FY25, the Company's PAT surged 49 per cent YoY to ₹205 crore, with EBITDA rising 24 per cent to ₹531 crore. Despite a 5 per cent decline in revenue to ₹5,967 crore, the Company expanded its EBITDA margin by 210 basis points to 8.9 per cent, reflecting improved operating discipline and strategic exit from low-margin engagements. PAT margin improved to 3.4 per cent from 2.2 per cent in FY24. The Board has recommended a final dividend of 50 per cent (₹1 per share on face value of ₹2), subject to shareholders' approval. Black Box also announced that *CRISIL Ratings* had upgraded its long-term credit rating to **BBB+/Stable**, acknowledging the company's consistent financial performance and strengthened balance sheet. During Q4 FY25, Black Box secured over ₹1,550 crore in new business, more than double the average quarterly run-rate. Key wins included a ₹240 crore digital transformation project with a leading US hospital network, over ₹225 crore in data centre deals with global hyperscalers, ₹130 crore in airport modernisation, and contracts in education and consumer electronics sectors. The consolidated order backlog stood at $504 million as of March 31, 2025, covering approximately two-thirds of the Company's projected FY26 revenues. Reinforcing its India growth strategy, Black Box committed ₹100 crore towards expanding domestic operations and enhancing its Bengaluru Centre of Excellence. The Company secured ₹180 crore in Indian contracts during the year, focused on telecom and municipal infrastructure. Sanjeev Verma, Whole Time Director, said: "Our disciplined execution and sharper market focus have yielded consistent profitability and order momentum. We are strategically aligned to capitalise on the digital and AI-driven transformation sweeping across industries." Deepak Kumar Bansal, Executive Director and Global CFO, added: "FY25 reflects our progress on capital efficiency and margin improvement. With a strong ROE, expanding pipeline, and robust cash position, we are optimistic about achieving our FY26 guidance." UNI BDN GNK 1837
Mint
27-05-2025
- Business
- Mint
Black Box Q4 profit up 47 pc to ₹60.4 cr; revenue rises 4 pc
New Delhi, May 27 (PTI) Essar Group's IT arm Black Box has reported a 47.6 per cent year-on-year increase in consolidated net profit to ₹ 60.4 crore in the March-ended quarter. It had logged a net profit of ₹ 40.9 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing. Revenue from operations rose by 4.35 per cent to ₹ 1,544.8 crore for the quarter under review against ₹ 1,480.3 crore in Q4 FY24. During the January-March quarter, Black Box reported new deal wins worth over ₹ 1,550 crore. The new deal wins include a ₹ 240-crore order for a large-scale infrastructure modernisation initiative with one of the US' largest hospital networks. Additionally, Black Box said it has secured over ₹ 225 crore in data centre service contracts with major global hyperscalers. The company also expanded its footprint in the transportation sector, winning over ₹ 130 crore in new orders for airport modernisation projects. For the full fiscal 2024-25, Black Box posted a profit of ₹ 204.7 crore, a growth of 48.7 per cent over the previous fiscal's ₹ 137.6 crore. Revenue from operations, however, fell 5 per cent in FY25, moderated primarily due to delayed customer decision-making and a planned exit from low-margin accounts. The company secured two major Indian contracts totalling ₹ 180 crore during the year for telecom and municipal infrastructure development, according to a company statement. Looking forward, Black Box expects that its revamped go-to-market approach and improved pipeline execution will fuel revenue growth beginning in the second quarter of fiscal year 2026. "With strong ROE, a robust pipeline, and healthy cash reserves, we remain confident in delivering on our financial performance guidance for FY26," Deepak Kumar Bansal, Executive Director and Global CFO, said. Black Box has earmarked about ₹ 100 crore to fuel its India expansion, as it looks to more than double its India business in the next few years. A huge chunk of this investment -- which represents about a quarter of Black Box's recent ₹ 410 crore fundraising -- will be used to strengthen the firm's Center of Excellence in Bengaluru, where the company plans to double its workforce to about 1,000 employees over the next year. The company currently employs around 3,000 people worldwide.
