Black Box will harness high-growth tech opportunities by leveraging AI boom
Sandy Verma November 15, 2024 12:25 AM

New Delhi New Delhi: Essar's technology arm Black Box Ltd has unveiled an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies looking to expand in the region.

During its recent investor call, Black Box reported strong financial results for Q2FY25 and leveraged its expertise in supporting large-scale digital infrastructure projects as global tech firms entered the Indian market. Discussed long term plans for lifting.

For Q2FY25, Black Box recorded remarkable financial growth with EBITDA at Rs 135 crore, a growth of 34 per cent YoY, and Profit After Tax (PAT) up 60 per cent YoY. With an increase of Rs 51 crore. These benefits reflect strong operational efficiency, cost optimization and high-value solutions. EBITDA margin expanded 260 basis points year-on-year to 9.0 percent, and PAT margin expanded 140 basis points year-on-year to 3.4 percent, highlighting Black Box's sustainable profitability.

Deepak Kumar Bansal, Executive Director and Global Chief Financial Officer, Black Box Limited, said, “We are witnessing continued strong performance across our operations, reflecting our commitment towards delivering market-driven solutions and pursuing operational excellence. -As we expand into high-growth markets, we are confident these results will only accelerate.” India, with a population of 1.4 billion and an expanding digital economy driven by AI adoption, presents a huge opportunity for Black Box. The company is optimistic about achieving substantial growth, especially as global tech giants and data center colocation providers look to enter the market.

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