BBOX / Q1-FY26 / claim-ledger

Audit the questions that mattered.

Black Box · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ1-FY26 · 2025-08-14Back to quarter ↗

Questions audited

Answered directly

67%

Numeric claims

Consistency

mixed

Question ledger

What was answered, and how?

Deep Sha · BNK Securities

partial

How can guidance be met given revenue growth impacted by delayed ordering?

we expect our revenue and outwork momentum to track between 15 to 20%, in fact, audible will track more than that going forward each quarter from here. So, we have still remained uh positive with respect to our guidance

Deep Sha · BNK Securities

evasive

Does EBITDA of 116 crores include forex gains?

So, so this so so there are there are three type of forex normally in the business. ... it is a real money which flows us with respect to the collection or with respect to the inventory consumption in terms of the margin.

Deep Sha · BNK Securities

direct

Is the 9.2% margin guidance exclusive of forex impacts?

So, so when we when we forecast when we forecast this 9.9% that includes some of these some of these strategies

Deep Sha · BNK Securities

direct

Reason for 40% increase in purchase of stock?

it's a timing difference ... because of the tariff things on our TPS side of thing, we little bit purchased more uh for to to basically store the inventory in US to reduce the impact of the tariff

Abhishek Kumar · GM Financial Limited

direct

Is the $1 billion order booking target cumulative for FY26?

So basically as a cumulative order booking for the year starting at 176 when you track 200 250 200 we'll do a cumulative of $1 billion for the year. You're correct I'm saying.

Abhishek Kumar · GM Financial Limited

partial

What gives confidence to achieve $1 billion order booking from $2 billion pipeline?

if you're looking at $250 million you're looking at 12%. So it's a very healthy pipeline. ... we believe uh we're confident of an absolute booking of a billion dollar exiting 700 million of backlog.

Abhishek Kumar · GM Financial Limited

direct

Will Q2 be soft due to increased lead times?

So we expect that Q2 to be uh much better than Q1 and you know so uh so we already have a backlog which is delayed bird so which you know we didn't impact all of that in Q1

CA Garvit Goyel · Nvest Analytics Advisory LLP

direct

Why is revenue affected by tariffs if impact was said to be limited?

So when we said the tariff wouldn't impact us from a perspective of a margin and profitability as such because it's a pass through for us from product side ... but from a customer perspective his cost of purchase is is going to go up right and I think uh so there is a delay for larger projects

CA Garvit Goyel · Nvest Analytics Advisory LLP

evasive

Any risks that could prevent achieving guidance?

So any all of the known risks from the past are baked in the future risk which we can't see we can't see right. ... considering there's no other event uh that we couldn't answer uh you know we as guided by intact based on that.

CA Garvit Goyel · Nvest Analytics Advisory LLP

direct

What percentage of new orders will be from data centers?

So our ballpark range our datent orders should in the range of 20 25%. ... with respect to our project timelines in general depending when we book the projects our average project timelines are between 6 to 9 months time.

Jatan Desh Pande · PKday Advisor

partial

Why isn't data center revenue rising despite US boom?

I think so so the data center of course you see a lot of announcements in the data center between the announcements of data center and the time it goes uh online with project there's a huge lag

Vive Chararia · Individual Investor

partial

How can $1 billion order booking be achieved when Q1 orders fell?

We are staring at uh large bookings uh coming up uh that we expect to close in Q2, Q3 and Q4. ... many of the engagements currently from a large ticket perspective which is over 10 million 20 million some going to $50 million is in the works