Black Box Q4 order jumps over twofold to ₹1,500 crore

Essar Group's IT firm Black Box on Thursday reported more than twofold jump in order wins to ₹1,550 crore in January-March FY25 as compared to the previous quarter. The company had reported order wins of USD 80 million, about ₹682 crore in the December 2024 quarter, it said in a regulatory filing.

"Black Box announced its best-ever quarterly performance for the financial year 2024-25, achieving order wins totalling ₹1,550 crore in Q4. This landmark achievement underscores the success of the company’s ongoing transformation and strategic focus on high-value, large-scale projects with global marquee clients," the company said.

The new deal wins include ₹240 crore order for a large-scale infrastructure modernization initiative with one of the US' largest hospital networks.

Additionally, Black Box said it has secured over ₹225 crore in data center 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 modernization projects, the filing said.

In the education sector, Black Box was awarded a contract worth ₹90 crore by a leading US-based university.

"Black Box secured significant orders outside of the US, with notable wins in the Asia-Pacific and Indian markets. These included a ₹90 crore engagement with a major consumer electronics firm in APAC region, as well as two large deals in India, one in the telecommunications sector for 5G rollout by Indian telcos and another with one of the largest municipal corporations totalling ₹180 crore," the filing said.

“We are seeing strong, sustained client demand for the modernization of IT and networking infrastructure to stay competitive in an increasingly digital-first world. This demand is fuelled by the growing recognition that digital infrastructure is central to AI adoption and long-term business resilience," Sanjeev Verma, Whole Time Director, Black Box said.

Shares of Black Box Limited closed 10% higher at ₹422.95 apiece on the NSE.