Q4 2024 Black Box Ltd Earnings Call Transcript
Key Points
- Black Box Ltd (BOM:500463) reported a robust 59% year-on-year growth in EBITDA for FY24, reaching INR428 crores compared to INR269 crores in FY23.
- The company achieved a significant increase in EBITDA margins, which rose to 6.8% for FY24, a growth of 250 basis points year-on-year.
- Profit after tax for FY24 grew by 5.8 times, reaching INR138 crores compared to INR24 crores in FY23.
- Black Box Ltd (BOM:500463) has a strong order backlog of USD470 million as of March '24, indicating a steady pipeline of projects.
- The company is experiencing significant growth in its data center business, with revenue from this segment increasing from $15-20 million three years ago to approximately $110-115 million in FY24.
- Revenue for FY24 remained flat at INR6,282 crores, showing no significant growth compared to INR6,288 crores in FY23.
- There was a shrinkage in the order backlog from USD490 million in December '23 to USD470 million in March '24 due to slow decision-making on project orders.
- The company experienced delays in customer decision-making, which affected short-term revenue growth.
- Higher interest costs due to the interest rate environment in the US caused Black Box Ltd (BOM:500463) to slightly miss its profitability target for FY24.
- The company is gradually moving out of low-value long-tail customers, which led to a miss in achieving overall revenue guidance for the full fiscal year.
Ladies and gentlemen, good day and welcome to the Q4 and FY24 earnings conference call of Black Box Limited. This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectation of the company as on date of the call.
These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict. As a reminder, all participants' line will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Sanjeev Verma, Whole-Time Director and CEO of Black Box Limited. Thank you, and over to you, sir.
Thank you. Hello and good morning, everyone. I hope all are keeping safe and healthy. On behalf of Black Box Limited, I welcome to our Q4 and FY24 earnings call. On the call, I'm joined by Deepak
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