Black Box Soars with 60% Profit Leap Amid Strategic Optimizations

Essar Group's IT subsidiary, Black Box, registered a 60% increase in quarterly consolidated net profit, reaching Rs 51.14 crore. Despite a revenue dip, improvements in operating performance bolstered profits, supported by strategic cost optimizations and secured funding. Black Box aims for significant growth in revenue and market share by 2028.

Essar Group's IT subsidiary, Black Box, announced a significant 60% leap in consolidated net profit for the July-September quarter, attributed to operational efficiencies. The latest figures revealed a net profit of Rs 51.14 crore, a remarkable increase from Rs 31.96 crore in the same period last year, as disclosed in regulatory filings.

Despite a 4.89% decline in revenue to Rs 1,497.2 crore, the company's EBITDA saw a notable growth of 34% to Rs 135 crore. Black Box's strategic focus on cost optimization and operating leverage has played a crucial role in enhancing both EBITDA and PAT margins, facilitating sustained operational excellence.

Black Box has secured Rs 386 crore in funding, intended to bolster its balance sheet and accelerate investments across key sectors—banking, finance, healthcare, technology, and industrial. With a global workforce spanning 35 countries and a refined go-to-market strategy, Black Box is on track to achieve its FY25 profitability targets and envisions scaling to a USD 2 billion revenue mark by 2027-28.

(With inputs from agencies.)