Black Box Ltd. (BSE: 500463) (NSE: BBOX), a leading IT solutions provider, has announced its audited financial results for the quarter and year ending on March 31, 2024.
FY24 Highlights:
EBITDA: Increased by 59% YoY to ₹428 crores, with margins at 6.8%.
Profit After Tax (PAT): Increased by 5.8x to ₹138 crores compared to FY23.
Revenue: ₹6,282 crore, compared to ₹6,288 crore in FY23.
Q4FY24 Highlights:
EBITDA: Increased by 28% YoY to ₹122 crores, with margins at 8.2%.
Profit After Tax (PAT): Increased by 77% YoY to ₹41 crores.
Revenue: ₹1,480 crore, compared to ₹1,682 crore in Q4FY23.
Key Points:
Missed Revenue Guidance: While the company missed its revenue guidance due to exiting low-value and long-tail customers, it achieved its EBITDA guidance.
Focus on Margin Improvement: The company's emphasis on margin improvement and enhanced productivity has started to show positive results, with increased EBITDA margins.
Strong Operating Performance: Despite higher interest costs, the company's operating performance resulted in improved profitability.
Optimistic Outlook: The company expects to continue this trend of enhancing margins and profitability, with strong performance expected in fiscal year 2025 and beyond.
Management Commentary:
Mr. Sanjeev Verma, Chief Executive Officer, said, "We are pleased to report a strong fiscal year 2024, in which we delivered industry-leading growth and profitability despite an increasingly challenging macro environment...We are continuing to invest in our capabilities and capacity to fuel our future growth."
Investor Resources:
BSE India Announcement: (Ple ase provide a link to the official announcement on the Bombay Stock Exchange)
Black Box Ltd. Investor Relations: (Please provide a link to the Investor Relations page on the company's website)
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