Black Box Limited · NSE:BBOX
Black Box — Q4 FY2026 Earnings Presentation
28 slides from Black Box's earnings presentation, May 26, 2026
Slide 1: Submission of Investor Presentation cover letter
Telephone: +91 22 6661 7272 | Email: info.india@blackbox.com BBOX/SD/SE/2026/46 May 26, 2026 To, Corporate Relationship Department Corporate Relationship Department Bombay Stock Exchange Limited National Stock Exchange Limited P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mu
Slide 2: Redefine Ready – Results Presentation Q4 & FY26
REDEFINE READY Your Connect-Anything, Optimize-Everything Partner Results Presentation Q4 & FY26 26 May 2026 1
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Black Box Limited have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not fo
Slide 4: Q4 & FY26 Financial Highlights
Q4 & FY26 FINANCIAL HIGHLIGHTS 3
Slide 5: Key Highlights
Key Highlights Order Bookings during the year 50% Dividend; `1/share on FV of `2/per share $1bn+ (`9,000 cr); up 35% YoY signifying strong performance and cash flow generation Renewed GTM strategy, focus on high-value accounts helped win large orders Order Backlog Mar 31, 2026 Fund Raise $792 mn (`7
Slide 6: Financial Highlights – Q4 and FY26
Financial Highlights – Q4 and FY26 Revenue Quarterly – 3 months FY2026 Amt in ` crore o FY26 revenue grew 6% YoY; guidance achieved o Company booked orders worth $1bn in FY26, up 35% 1,660 1,691 Revenue 1,545 5,967 6,322 o Healthy order booking of $377 mn in Q4. Pipeline continues to rise, and 2% Q
Slide 7: Healthy Total Order Backlog
Healthy Total Order Backlog Increase in large value deals and large Project Wins; focus on higher conversion of pipeline continues Order Backlog ($ million) Order Book and Pipeline’s Future Outlook o FY26 order booking crossed $1bn, meeting company’s guidance; with a strong order booking in Q4 of $3
Slide 8: Acquisition of Brazil-based 2S Inovações Tecnológicas completed eff. May 1, 2026
Acquisition of Brazil-based 2S Inovações Tecnológicas completed eff. May 1, 2026 To add `500 cr to company’s revenue and ~9% EBITDA margin, annualised About 2S Technological Innovations #2 ▪ Founded in 1992, headquartered in Sao Paulo, Brazil, 2S Inovações Tecnológicas (2S), is a leading CISCO Partn
Slide 9: Management Commentary
Management Commentary Commenting on the results and performance Mr. Sanjeev Verma, Whole-time Director, Black Box said, “Black Box is a direct beneficiary of the global AI-driven infrastructure boom, as enterprises and hyperscalers accelerate spending on next-generation networks, data centers, and c
Slide 10: Well Diversified Global Business Model – FY26
Well Diversified Global Business Model – FY26 Revenue by Geography Revenue by Industry India, 7% Europe, 10% 13.0% Technology MEA, 2% 26.0% Financial Services 11.0% Consumer and Public Services APAC, 13% 10.0% Commercial and Industrial North America, 65% Healthcare 22.0% Latin America, 18.0% Distrib
Slide 11: Consolidated P&L – Q4 and FY26
Consolidated P&L – Q4 and FY26 Particulars (in ` crore) Q4 FY26 Q4 FY25 YoY Q3 FY26 QoQ FY26 FY25 YoY Revenue from Operations 1,691 1,545 9% 1,660 2% 6,322 5,967 6% Gross Profit 517 455 14%% 507 2% 1,930 1,794 8% Gross Profit Margin 30.6% 29.5% 30.5% 30.5% 30.1% Total Other Expenses 353 308 360 1,36
Slide 12: FY26 Actual Performance vs. Guidance
FY26 Actual Performance vs. Guidance Actual Guidance Actual Particulars Achievement FY25 FY26* FY26 Order Backlog 504 775-825 792 (in $mn) Revenue 5,967 6,325 – 6,375 6,322 (in ` crore) EBITDA (in ` crore) EBITDA Margin 531 555 – 575 570 ✓ 8.9% 8.8% - 9.0% 9.0% (in ` crore) PAT 205 220 – 230 218 (in
Slide 13: Large Headroom to Grow, And Long Runway
Large Headroom to Grow, And Long Runway o Gartner forecasts global IT spending to reach $6.31 trillion this year, a 13.5% increase compared to 2025 — and nearly 3% more than their forecast in February, at 10.8% growth. $6.3 Tn o Gartner is predicting a stronger-than-anticipated growth in global IT s
Slide 14: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS 13
Slide 15: Historical Performance Snapshot – Annual
Historical Performance Snapshot – Annual Amt in `cr Revenue EBITDA and Margin PAT and Margin CAGR: 19% CAGR: 43% 531 570 Loss to growing PAT 6,288 6,282 5,967 6,322 218 428 205 5,370 352 8.9% 9.0% 4,994 4,674 328 138 7.5% 260 269 78 73 6.6% 6.8% 1853 24 4.8% 47 4.3% 2.5% -79 -80 FY19 FY20 FY21 FY22
Slide 16: Consolidated P&L Statement
Consolidated P&L Statement Particulars (in ` crore) FY21 FY22 FY23 FY24 FY25 FY26 Revenue from Operations 4,674 5,370 6,288 6,282 5,967 6,322 Gross Profit 1,497 1,549 1,640 1,714 1,794 1,930 Gross Profit Margin 32.0% 28.9% 26.1% 27.3% 30.1% 30.5% Total Other Expenses 1,145 1,289 1,370 1,286 1,263 1,
Slide 17: Consolidated Balance Sheet
Consolidated Balance Sheet Asset-light with low leverage Particulars (in ` crore) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Particulars (in ` crore) Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Mar-26 Non-Current Assets Equity Property, Plant And Equipment 164 190 161 120 102 128 Equity Share Capital 33 33 34
Slide 18: Summary of Consolidated Cash Flows
Summary of Consolidated Cash Flows Low capex business model Particulars (in ` crore) FY21 FY22 FY23 FY24 FY25 FY26 Operating profit before working capital changes 407 224 296 407 466 453 Changes in working capital -156 -108 -282 -301 -551 -342 Cash generated from operations 251 117 13 106 -85 111 Di
Slide 19: About the Company
ABOUT THE COMPANY 18
Slide 20: Corporate Overview
Corporate Overview A global digital infrastructure services provider Black Box Limited is a global digital infrastructure integrator delivering network and system integration services and solutions, support services, and technology products to 35 30+ 5,000+ businesses in the United States, Europe, I
Slide 21: Global Footprint
Global Footprint Large presence to service the global players Seamlessly transforming technology across enterprises economically, uniformly, and with scale at a global level Across 6 Regions and 35+ Countries… Europe Austria Belgium Denmark Finland France Germany Italy Ireland Netherlands Asia-Pacif
Slide 22: Portfolio Offering
Portfolio Offering Global Solutions Integration Technology Product Solutions Others 84% 14% 2% Connectivity Infrastructure Audio Video Training Data Center Internet of Things Consulting Enterprise Networking Support Services Design services Modern Workplace Professional Services Cybersecurity 21 FY2
Slide 23: Global Solutions Integration
Global Solutions Integration IoT, Physical Security & Surveillance Passive Infrastructure & Fiber Connectivity Structured Cabling INFRASTRU CTIVITY CTU ONNE RE C DC Infrastructure Advisory & GRC Financial Services and Commercial DA ITY Infrastructure X-as-a- Networking & TA Application CUR Developme
Slide 24: Technology Product Solutions
Technology Product Solutions Consulting Tailored combinations of technologies and products Factory Pre-Configuration High-Performance KVM and AV Video Wall IoT Monitoring, IP KVM Matrix Switching and Control and Sensors, and IT infrastructure, hardware Switching Extension Digital Signage Gateways and
Slide 25: Key Company Strengths
Key Company Strengths 120 Fortune 500 clients & Strong Global Delivery Model Global Marquee Entp. With Local Expertise Entrenched Customer Well Positioned to Capitalize Relationship on Strong Industry Tailwinds KEY STRENGTHS Strategic OEM Extensive Portfolio of Partnerships Globally Solutions and Se
Slide 26: Select Customers
Select Customers Associated with many of the global marquee and fortune 500 companies 6 25 * Logos Are The Property Of Their Respective Owners
Slide 27: Technology Partners
Technology Partners Furthering Digital Acceleration on Strong Partnerships 6 26 * Logos Are The Property Of Their Respective Owners
Slide 28: Contact Us
Contact Us Company Investor Relations : Investor Relations Advisor : Black Box Limited Strategic Growth Advisors Private Limited CIN: L32200MH1986PLC040652 CIN: U74140MH2010PTC204285 Purvesh Parekh (Head of Investor Relations) Rahul Agarwal / Karan Thakker purvesh.parekh@blackbox.com rahul.agarwal@s