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BLACK BOX LIMITED — Earnings Release 2024
Feb 8, 2024
61965_rns_2024-02-08_6ad7b994-9b41-4aa2-b1cd-5fa5c914fd40.pdf
Earnings Release
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Telephone: +91 22 6661 7272 | Email: [email protected]
BBOX/SD/SE/2024/08
February 9, 2024
To,
Corporate Relationship Department Corporate Relationship Department Bombay Stock Exchange Limited The National Stock Exchange of India Limited P.J. Tower, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai 400001 Bandra East, Mumbai 400051
Sub: Press Release for Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter/period ended December 31, 2023
Ref.: Scrip code: BSE: 500463/NSE: BBOX
Dear Sir/Madam,
Please find attached herewith the Press release on the Unaudited Financial Results of the Company (Standalone and Consolidated) for the quarter/period ended December 31, 2023.
This is for your information, record and necessary dissemination to all the stakeholders.
Thanking You,
For Black Box Limited
Digitally signed by Aditya Goswami Aditya DN: cn=Aditya Goswami, o=Black Box Limited, ou, email=aditya.goswami@agcnetwork Goswami s.com, c=IN Date: 2024.02.09 01:12:54 +05'30' Aditya Goswami Company Secretary & Compliance Officer
Encl.: A/a.
BLACK BOX LIMITED
~~Registered Office: 501, 5th Floor, Building No. 9, Airoli Knowledge Park, MIDC Industrial Area, Airoli, Navi Mumbai 400 708, India~~ BLACKBOX.COM | CIN: L32200MH1986PLC040652 | Tel: +91 22 6661 7272
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Black Box Limited
Mumbai, February 8, 2024: Black Box Limited (BSE: 500463) (NSE: BBOX), announced its unaudited financial results for the quarter and nine months ended 31[st] December 2023
EBITDA for the quarter grew by 62% YoY to Rs. 116 crores while Profit after tax for Q3FY24 stood at Rs. 41 crore
Deal wins of $50 Mn+ during the quarter
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In Rs. Crores
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REVENUE
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4,606 4,801 ▪ Revenue for Q3FY24 witnessed a growth of
5% QoQ and was muted on a YoY basis. For
1,672 1,655
1,574 9MFY24 revenue grew by 4% YoY
▪ Strategy to focus on large revenue customers
yielding results
▪ Pipeline continues to remain robust with
some hold up in decision making, leading to
delay in getting new orders
Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24
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EBITDA
In Rs. Crores
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4.3% 6.4% 7.0% 3.8% 6.4%
306 ▪ EBITDA margins increased by a robust 270
116 bps YoY at 7.0% for Q3FY24 and by 260 bps
101
YoY at 6.4% for 9MFY24
72 175
▪ Emphasis on cost rationalization and
enhanced productivity has begun to generate
positive outcomes, leading to an increase in
our EBITDA margins
Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24
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Margin
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PROFIT AFTER TAX
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In Rs. Crores
97
41 ▪ Profit after tax for Q3FY24 increased by 5.2x
32 YoY to Rs. 41 Crs and grew by 28% on a QoQ
basis. For 9MFY24 profit after tax increased
to Rs. 97 Crs as compared to Rs. 1 Cr in
8 9MFY23
1 ▪ Operating performance has resulted in better
Q3FY23 Q2FY24 Q3FY24 9MFY23 9MFY24 profitability despite higher interest costs
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Black Box Limited
Deal Wins during the quarter
| Transaction Value |
Clients |
|---|---|
| $37.4 Mn | Data Center and In-Building 5G/OnGo solutionsfor an American social media and social networking giant |
| $6.6 Mn | Data Center solutionsfor ashort-form video hosting service provider |
| $2.3 Mn | Connected Buildings and Customer Experience solutionsfor one of the largest, and most diverse correctional departments in the US |
| $2.2 Mn | In-Building 5G/OnGo solutionsfor a U.S.-based, builder, developer, and engineeringservicesprovider |
| $1.9 Mn | Digital Workplace and Managed Servicesfor a Canadian integrated energy company |
| $1.5 Mn | KVM solutionsfor a European Defence Organization |
| $1.1 Mn | In-Building 5G/OnGo solutionsfor a renowned network of acute-care and teachinghospitals and medical centers in the US |
Commenting on the results and performance Mr. Sanjeev Verma, Whole Time Director, Black Box said,
“We are delighted by our achievements in Q3 and 9MFY24. Our EBITDA margins and overall profitability both on a QoQ and YoY basis has increased substantially due to our emphasis on cost rationalization and enhanced productivity. Strong order book coupled with deal wins in excess of $50Mn during the quarter, makes us confident in our resilient business model. As each of our business segments gathers momentum, it reinforces our confidence in delivering improved performance in the upcoming quarters.”
Mr. Deepak Kumar Bansal, Executive Director and Global Chief Financial Officer of Black Box , commented,
“Revenue for Q3FY24 witnessed a growth of 5% QoQ and was muted on a YoY basis. For 9MFY24 revenue grew by 4% YoY. Our strong focus on profitability over the last few quarters has started yielding positive results as evidenced by our profit after tax surging 5.2 times YoY in Q3FY24. Further, we are optimistic, this trend to continue both in terms of margin enhancement and overall profitability, boosting our confidence in achieving strong performance in fiscal year 2024 and onwards.”
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Black Box Limited
About Black Box Ltd.
Black Box Limited (formerly AGC Networks Limited) is a trusted IT solutions provider delivering cutting-edge technology solutions and world-class consulting services to businesses around the globe.
The breadth of Black Box’s global reach and the depth of expertise accelerate customer success by bringing people, ideas, and technology together to solve real-world business problems.
Black Box’s IT infrastructure solutions, services, and products enable secure, flawless connectivity and meaningful collaboration for businesses in every major market sector on six continents.
Safe Harbor Statement
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
For further information, please contact
| Black Box Limited CIN: L32200MH1986PLC040652 Mr. Deepak Bansal [email protected] www.blackbox.com |
Investor Relations Advisors: Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Rahul Agarwal / Mr. Karan Thakker rahul [email protected]/ karan [email protected] +91 982143 8864 / +91 81699 62562 http ://www.sgapl.net |
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