Black Box Ltd. shares climbed roughly 2% on Friday, November 13, after the company delivered a double-digit expansion across top and bottom lines for the September quarter of FY27.
Buyers moved in early. Net profit for the second quarter climbed 30.4% year-on-year to ₹73 crore, up from ₹56 crore posted in the corresponding period last fiscal, according to the regulatory filing. Execution held firm across operations.
Top-line momentum matched the profit surge. Revenue for Q2 FY27 rose 22.1% to ₹1,936 crore compared with ₹1,585 crore in the year-ago period. Operating earnings scaled up in tandem. Earnings before interest, tax, depreciation, and amortisation (EBITDA) gained 26.2% year-on-year to touch ₹183 crore, against ₹145 crore in Q2 FY26.
Per-unit profitability widened. Operating margins improved by 40 basis points, lifting EBITDA margin to 9.5% from 9.1% logged in the prior-year period.
| Financial Metric | Q2 FY27 | Q2 FY26 | YoY Change |
|---|---|---|---|
| Revenue from Operations | ₹1,936 crore | ₹1,585 crore | +22.1% |
| EBITDA | ₹183 crore | ₹145 crore | +26.2% |
| EBITDA Margin | 9.5% | 9.1% | +40 bps |
| Net Profit | ₹73 crore | ₹56 crore | +30.4% |
Market Context: The simultaneous expansion in operating margin alongside twenty-plus percent revenue growth signals that operating leverage is taking hold, sheltering cash flows and profitability even amid sector-wide cost scrutiny.
Trading volumes held firm through Friday's mid-session trade as market participants digested the balance sheet disclosures, with institutional attention turning toward subsequent commentary on project pipeline execution and full-year capital targets.