BBOX / language trends

Read confidence between the lines.

Black Box · tone and specificity signals across the available quarters.

Research layer active

Language signals

What changed in management language.

Q1-FY26 · Sanjiv Varma

We are confident of reaching $100 million of backlog by end of the fiscal year. We're also targeting to book orders worth $1 billion in FY26.

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Q1-FY26 · Deepak Bansal

Our guidance of 9 to 9.2% EBITDA margin in FY26 remains intact.

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Q1-FY26 · Sanjiv Varma

We expect that the burn rate would be better because we baked in last 3-4 months of order books that has come through that has not gone into revenues.

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Q3-FY26 · Sanjeev Verma

We have revised revenue guidance from the expected range of INR 6,750 to 7,000 crores to now INR 6,325 to INR 6,375 crores.

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Q3-FY26 · Sanjeev Verma

The data center ecosystem is currently witnessing heightened industry gravity which has resulted in shortages across several critical inputs including optical fibers, cables, GPUs, racks etc.

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Q3-FY26 · Deepak Bansal

We are expecting to add around 500 crores of revenue in FY27 and expect to complete integration and synergy within 90 days of closing.

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