Essar group's IT arm Black Box has posted an 18 per cent increase in consolidated profit at Rs 56 crore in the June quarter, driven by a stronger order book and contribution from its recently acquired Brazilian business, 2S, the company said on Thursday.Black Box had posted profit of around Rs 47 crore in the same period a year ago.The company's revenue from operations grew by about 83 per cent to Rs 8,986 crore during the reported quarter from Rs 4,901 crore a year ago."We have entered FY'27 with strong momentum, delivering our highest-ever quarterly revenue of Rs 1,719 crore, up 24 per cent YoY, driven by improved execution of our expanding backlog and the contribution from our recently acquired Brazilian business, 2S."Strong order bookings of USD 339 million lifted our backlog to an all-time high of USD 949 million, providing greater visibility and a strong foundation for sustained growth," Black Box, Whole-time Director and Chief Executive Officer, Sanjeev Verma said in a statement.The company said it plans to employ 3,000 professionals primarily in the US by 2030."Black Box is strengthening its leadership, sales, engineering and delivery capabilities and plans to hire nearly 3,000 professionals by FY30, primarily in the US," the statement said.The company at present has a global team of approximately 4,000 professionals.
Black Box Q1 net profit up 18% to Rs 56 crore
Black Box has announced a remarkable eighteen percent rise in profits for the June quarter, attributed to a solid order book and growth in its Brazilian sector. Revenue from operations surged to Rs 8,986 crore, a significant eighty-three percent increase, achieving a record quarterly revenue of Rs 1,719 crore. Plans are underway for Black Box to recruit three thousand new professionals predominantly in the US by the year 2030.
Black Box grew profit 18% to Rs 56 crore as revenue surged 83% to Rs 8,986 crore, supported by a USD 949M record backlog and the 2S acquisition. The USD 339M in fresh orders and 3,000-person US hiring by 2030 indicate aggressive offshore IT expansion amid M&A wave consolidation.










