Black Box Q2 result: Profit rises 60% to Rs 51 cr due to operating leverage

Quick Summary:

Essar Group's IT arm Black Box has reported a 60 per cent jump in consolidated net profit to Rs 51.14 crore for the July-September quarter, helped by operating leverage.

The company's EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter increased 34 per cent to Rs 135 crore, a statement said.

"The company's commitment towards better performance achieved through operating leverage has led to growth in both EBITDA and PAT margins," it added.

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Category: BusinessFinance

Markets: India

Topics: Essar Group Companies Black Box Q2 results Black Box profit Net profit Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 14:30:23 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 23488852

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