Now Reading: Black Box Q1 net profit up 18% at Rs 56 crore, revenue rises 24%
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Black Box Q1 net profit up 18% at Rs 56 crore, revenue rises 24%
Black Box Q1 net profit up 18% at Rs 56 crore, revenue rises 24%
Black Box Ltd, the digital infrastructure solutions provider and part of Essar, reported 18% year-on-year growth in net profit at Rs 56 crore for the June quarter. Revenue rose 24% to Rs…
The Story in Brief
Black Box Ltd, the digital infrastructure solutions provider and part of Essar, reported 18% year-on-year growth in net profit at Rs 56 crore for the June quarter. Revenue rose 24% to Rs 1,719 crore, the company's highest-ever quarterly figure. Order book surged 83% to Rs 8,986 crore.
The company also secured a $131 million (Rs 1,240 crore) order from a new U.S.-based global Tier-1 hyper-scaler for a major data centre project in the U.S., to be delivered over roughly three years. Separately, Black Box received Rs 386 crore from warrant conversion.
The Indian Opinion
The buzz around data centre stocks often ignores execution risk and currency exposure. Black Box's order book of Rs 8,987 crore looks impressive, but delivery across three years means lumpy quarterly revenue. The Rs 386 crore from warrant conversion raises questions about equity dilution. Watch for the cash flow from operations in the next few quarters, that number will separate genuine growth from working capital hunger.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
