Black Box Limited — Q3 FY26
Black Box reported Q3 FY26 revenue of ₹1,660 crore (+11% YoY) and EBITDA of ₹147 crore (+10% YoY), with margins stable at 8.9%.
bearish
high
✓ Verified against BSE filing
Indian management teams deliver on roughly 12% of specific earnings-call promises. A low score does not indicate dishonesty — it reflects how aspirational forward guidance typically is.
Q1 FY26
FY26 EBITDA margin guidance of 9-9.2%
Management reiterated EBITDA margin guidance of 9-9.2% for FY26, despite Q1 margin of 8.4%, expecting improvement from better fixed cost absorption.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1
Q1 FY26
Revenue to grow 15-20% sequentially from Q2
Expect sequential revenue growth of 15-20% from Q2 onwards, with potential for higher growth in H2 as backlog converts.
Missed
Current-quarter commentary contains related risk or weakness, so the promise appears not to have been delivered yet.
heuristic_v1