Black Box targets $1bn orders despite revenue decline

Black Box Limited reported Q1 FY26 revenue of INR1,387 crores, down 3% year-on-year due to client-driven delays in equipment procurement. The company secured $176 million in orders, predominantly high-value deals.

EBITDA increased 1% to INR116 crores with an 8.4% margin. Black Box targets $1 billion in order bookings and $700 million backlog by end-FY26, anticipating 15-20% quarter-on-quarter revenue growth from Q2 FY26.

The company is reducing low-value accounts to focus on larger deals, targeting $2 billion revenues by FY29.