Q1 2025 Black Box Ltd Earnings Call Transcript
Key Points
- Black Box Ltd (BOM:500463) reported a 28% year-on-year growth in EBITDA, reaching INR115 crore in Q1 FY25.
- EBITDA margins increased by 240 basis points year-on-year to 8.1% in Q1 FY25.
- The company secured significant funding of INR410 crore to drive growth in key focus areas within the infrastructure sector.
- Black Box Ltd (BOM:500463) has a robust backlog of $475 million as of June 30, 2024, indicating strong future revenue potential.
- The company reported a 55% year-on-year growth in profit after tax, reaching INR37 crore in Q1 FY25.
- Revenue for the quarter was lower by 9% year-on-year, standing at INR1423 crore in Q1 FY25.
- The strategic exit from low-value non-accretive customers caused a temporary dip in revenue.
- Higher severance costs of INR15 crore impacted the financials during the quarter.
- There were delays in decision-making and project execution, leading to muted demand from some federal partners.
- The company faces continued higher interest costs, which have impacted profitability.
This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict.
(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.
Good morning, everyone. I hope you all are well and fit. On behalf of Black Box Limited, I would like to welcome everyone to our Q1 FY24 Earnings Call. On the call I'm joined by Deepak Bansal, Executive Director & Global CFO, and our Investor Relations Advisors SG&A. We have uploaded our results presentation to the exchanges and trust you've had a chance to review it.
We are pleased to connect with you once again. Let me begin with an overview of our company, followed by a review
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