Black Box Ltd News
Black Box Q2 result: Profit rises 60% to Rs 51 cr due to operating leverage
Essar Group's IT arm Black Box has reported a 60 per cent jump in consolidated net profit to Rs 51.14 crore for the July-September quarter, helped by operating leverage. It had reported a net profit of Rs 31.96 crore in the year-ago period, according to a regulatory filing. Its revenue for the quarter under review declined 4.89 per cent to Rs 1,497.2 crore from Rs 1,574.3 crore in Q2 FY24. The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter increased 34 per cent to Rs 135 crore, a statement said. "The company's commitment towards better performance achieved through operating leverage has led to growth in both EBITDA and PAT margins," it added. Seen sequentially, profit and revenue rose by 37.88 per cent and 5.19 per cent, respectively. Black Box Whole Time Director Sanjeev Verma said the company's cost optimisation efforts will yield consistent growth in operating performance and enhanced productivity, leading to better margins.
 "Black Box Q2 result: Profit rises 60% to Rs 51 cr due to operating leverage")
Black Box expects rise in India biz share, hire 400 people in 2 yrs
Essar Group's IT arm Black Box expects the share of India business to grow by 1-2 percentage points in its course to become a USD 2 billion revenue company by 2027-28, a top official of the company said. The company specialises in building IT infrastructure for critical technology applications including hyperscaler data centres and planning to bring its learning to the Indian market as many of the company's global customers are looking to invest in the country, Black Box CEO Sanjeev Verma told PTI. He said that the company plans to increase employee headcount across all levels in India to around 1,000 people from about 600 people at present. "Currently, India is 6 per cent of our business. We do not expect it to become much larger, but if we have to go to USD 2 billion then it will be significantly important for us to move it to 7- 8 per cent," Verma said. The company has reported revenue of around USD 750 in FY2024. Verma said that Black Box want to bring some value to India base
 "Black Box expects rise in India biz share, hire 400 people in 2 yrs")
Black Box Q1 result: Net profit up 55% at Rs 37 cr on improved deal margins
Revenue from operations declined by 9 per cent, falling to Rs 1,423 crore compared to Rs 1,571 crore in the corresponding quarter of the previous year
 "Black Box Q1 result: Net profit up 55% at Rs 37 cr on improved deal margins")
Black Box promoters to raise Rs 410 cr via preferential issue of warrants
When warrants are converted into equity, promoter shareholding will decrease marginally
 "Black Box promoters to raise Rs 410 cr via preferential issue of warrants")
IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit
IFCI (Rs 84), MMTC (Rs 102.60) and STC India (Rs 203.40) were frozen at the 20 per cent upper limit on the BSE.
 "IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit")
SmallCap index hits new peak; Roto, Atul Auto, Wockhardt zoom up to 19%
At 11:34 AM, the SmallCap index was up 1.33 per cent, outperforming the BSE Sensex and BSE Midcap indices
This smallcap stock has surged 20% on June 28; up 76% from June 5 low
Shares of Black Box (formerly AGC Networks) surged 20% to hit a new high of Rs 384 on the BSE in Friday's intra-day trade amid heavy volumes.
 "This smallcap stock has surged 20% on June 28; up 76% from June 5 low")
