Black Box quarterly results and financials

Black Box (BBOX)₹814.75−3.09%(9 Nov 2026 close)IT Enabled Services

Key facts

In the Jun 2026 quarter (consolidated), Black Box reported sales of ₹1,716 Cr, up 23.9% from Jun 2025, and net profit of ₹56.13 Cr, up 19.1% year on year. For the year to Mar 2026, sales were ₹6,313 Cr and net profit ₹218 Cr.

Sales (Jun 2026): ₹1,716 Cr
Net profit (Jun 2026): ₹56.13 Cr
Sales (FY Mar 2026): ₹6,313 Cr
Net profit (FY Mar 2026): ₹218 Cr
EPS (Jun 2026): ₹3.14
Borrowings (Mar 2026): ₹1,155 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Black Box quarterly results

₹ crore unless stated; each column is a quarter.

Black Box Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	1,571	1,654	1,477	1,420	1,495	1,500	1,542	1,385	1,582	1,658	1,689	1,716
Expenses	1,479	1,544	1,358	1,310	1,367	1,369	1,404	1,273	1,443	1,514	1,529	1,560
Operating Profit	98.67	114	125	115	133	134	143	116	142	147	164	159
OPM %	6.0%	7.0%	8.0%	8.0%	9.0%	9.0%	9.0%	8.0%	9.0%	9.0%	10.0%	9.0%
Other Income	−5.01	2.01	−8.01	−14.01	−17.03	−12.02	−10.02	−11.02	−13.03	−21.04	−12.01	−15.01
Interest	32.14	36.15	40.13	34.13	32.13	31.11	47.15	34.15	39.17	40.18	45.18	48.18
Depreciation	28.98	27.95	28.99	25.96	27.98	30.97	27.99	26.99	28.96	29.99	30.97	35.99
Profit before tax	32.99	52.01	46.94	39.99	54.95	58.92	57.95	44.95	60.99	56.96	75.99	60.99
Tax %	4.0%	21.0%	12.9%	8.0%	6.0%	5.0%	−5.0%	−5.0%	8.9%	11.9%	14.9%	8.9%
Exceptional items	−12.98	−6.99	−7.99	−13.99	−18.98	−12.97	−14.97	−11.98	−11.98	−18.98	−11.99	−15.98
Net Profit	32.06	41.04	41.04	37.08	51.06	56.12	60.15	47.11	56.05	50.06	65.09	56.13
EPS (Rs)	1.89	2.42	2.42	2.20	3.03	3.30	3.56	2.78	3.26	2.91	3.64	3.14

Black Box profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Black Box Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	880	779	732	1,849	4,986	4,664	5,361	6,276	6,268	5,955	6,313	6,644
Expenses	877	748	701	1,808	4,673	4,314	5,115	6,023	5,866	5,436	5,758	6,046
Operating Profit	5.98	31.88	32.91	46.85	327	363	257	272	424	536	568	612
OPM %	0.7%	4.2%	4.5%	2.5%	7.0%	8.0%	4.8%	4.3%	7.0%	9.0%	9.0%	9.2%
Other Income	7.01	13.02	19.03	−67.13	−178	−75.09	0.00	−25.06	−14.02	−68.10	−57.06	−61.09
Interest	27.08	26.10	25.10	45.16	132	98.36	74.29	111	141	145	159	173
Depreciation	7.99	6.99	7.99	14.98	91.98	95.90	98.87	107	114	113	116	126
Profit before tax	−21.99	12.99	18.98	−78.89	−72.99	95.90	85.89	28.97	156	212	239	255
Tax %	55.0%	17.9%	22.0%	−1.0%	10.0%	18.9%	15.0%	20.0%	11.9%	3.0%	8.9%	—
Exceptional items	1.99	6.99	9.98	−67.91	−176	−65.88	−4.99	−20.98	−26.96	−68.88	−56.96	−58.93
Net Profit	−35.05	10.02	15.03	−79.09	−80.10	78.11	73.17	24.04	138	206	218	227
EPS (Rs)	−2.42	0.72	1.04	−5.29	−5.37	4.79	4.42	1.40	8.18	12.07	12.21	12.95
Dividend payout %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	8.0%	8.0%	—

Black Box balance sheet

₹ crore, at each year end.

Black Box Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	27.88	27.88	27.88	27.88	29.90	29.90	32.85	32.90	33.86	33.85	33.88	35.84
Reserves	58.22	25.11	41.14	47.21	−11.05	−207	175	229	263	449	728	1,256
Borrowings	161	177	173	158	810	597	329	482	630	714	944	1,155
Other Liabilities	386	394	347	346	1,608	1,889	1,769	1,914	2,080	1,607	1,371	1,854
Total Liabilities	634	624	590	581	2,437	2,309	2,305	2,657	3,006	2,804	3,076	4,301
Fixed Assets	89.68	109	111	114	398	556	620	730	792	805	766	881
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.99	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	30.03	32.03	33.05	0.00
Other Assets	545	516	480	468	2,038	1,753	1,685	1,927	2,181	1,966	2,278	3,419
Inventories	26.01	23.99	19.01	30.99	151	137	149	226	362	246	210	323
Trade receivables	247	216	206	208	863	362	240	374	421	386	568	1,155
Cash & equivalents	34.02	35.99	20.02	11.99	263	369	410	311	210	223	229	540
Total Assets	634	624	590	581	2,437	2,309	2,305	2,657	3,006	2,804	3,076	4,301

Black Box cash flow

₹ crore, for each year.

Black Box Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	28.03	29.04	4.01	52.09	−72.16	1,139	304	95.09	13.01	129	−88.20	84.16
Cash from investing activity	76.71	−20.93	−3.98	−4.98	−359	−381	14.94	−108	−55.78	39.86	−105	−56.76
Cash from financing activity	−99.62	−9.98	−10.97	−53.87	627	−643	−276	−42.85	−57.85	−154	191	196
Net cash flow	4.98	−1.99	−9.96	−6.97	196	110	40.82	−54.79	−102	13.95	0.00	223
Capex	4.99	11.97	8.98	10.97	318	126	29.96	50.93	98.79	50.93	43.95	71.88
Free cash flow	23.92	19.93	−4.98	40.86	−364	1,077	284	44.85	31.86	133	−129	11.96
CFO / OP %	109.0%	629.0%	31.0%	126.0%	−98.0%	354.0%	69.0%	45.0%	5.0%	25.0%	−16.0%	19.0%

Black Box ratios

Working-capital days and returns, by year.

Black Box Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	101	90	97	104	170	26	19	25	24	22	35	67
Inventory days	25	23	24	47	88	33	35	47	65	50	42	53
Days payable	186	183	186	208	323	132	121	209	207	145	109	128
Cash conversion cycle	−59	−70	−65	−58	−64	−72	−67	−136	−117	−73	−33	−9
Working capital days	−40	−61	−61	−29	−5	−59	−43	−29	−13	2	33	54
ROCE %	4.0%	1.0%	11.9%	13.0%	7.0%	38.9%	57.9%	25.9%	19.9%	30.9%	29.9%	22.0%

Black Box: frequently asked questions

What are the latest quarterly results of Black Box?

For the Jun 2026 quarter, Black Box reported sales of ₹1,716 Cr, up 23.9% year on year and net profit of ₹56.13 Cr, up 19.1% year on year. The operating margin was 9.0%.

What is the annual revenue of Black Box?

Black Box's sales for the year to Mar 2026 were ₹6,313 Cr; over the last twelve months they were ₹6,644 Cr.

What is the net profit of Black Box?

Net profit for the year to Mar 2026 was ₹218 Cr, and ₹227 Cr over the last twelve months. Earnings per share over the same trailing period were ₹12.95.

How much debt does Black Box have?

Black Box reported borrowings of ₹1,155 Cr at Mar 2026, against cash and equivalents of ₹540 Cr.

What is the free cash flow of Black Box?

Cash from operations was ₹84.16 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹11.96 Cr.

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