Key Financial Highlights

Quarterly Performance (Q2 FY27 vs Q2 FY26):

  • Revenue from Operations: ₹13,233 million, representing 335.7% YoY growth from ₹3,037 million
  • Operating EBITDA: ₹1,973 million, increasing 334.0% YoY from ₹455 million
  • Operating EBITDA Margin: 14.9% (15.0% in Q2 FY26, decline of 6 basis points)
  • Profit After Tax (PAT): ₹1,367 million, growing 334.8% YoY from ₹314 million
  • PAT Margin: 10.2% (10.3% in Q2 FY26, decline of 9 basis points)
  • Diluted EPS: ₹23.54, increasing 324.2% YoY from ₹5.55

Half-Yearly Performance (H1 FY27 vs H1 FY26):

  • Total Income: ₹21,591 million, representing 255.7% YoY growth from ₹6,069 million
  • Revenue from Operations: ₹21,430 million, increasing 254.2% YoY from ₹6,049 million
  • Operating EBITDA: ₹3,230 million, growing 257.7% YoY from ₹903 million
  • Operating EBITDA Margin: 15.1% (14.9% in H1 FY26, improvement of 14 basis points)
  • PAT: ₹2,220 million, increasing 258.5% YoY from ₹619 million
  • PAT Margin: 10.3% (10.2% in H1 FY26, improvement of 8 basis points)
  • Diluted EPS: ₹38.60, growing 253.3% YoY from ₹10.93

Comparative Full Year Context:

  • H1 FY27 PAT of ₹2,220 million exceeds full-year FY26 PAT of ₹2,058 million
  • H1 FY27 Revenue from Operations of ₹21,430 million approaches full-year FY26 Revenue of ₹21,836 million

Business Metrics and Operational Highlights

Order Book Position:

  • Order Book as of 30th September 2026: ₹26,290 million
  • Additional L1 Position: ₹6,525 million
  • Active Pipeline: ₹111,518 million

Segmental Performance (H1 FY27):

  • AI Systems Income: ₹12,836 million, growing 735.8% YoY over H1 FY26
  • AI Systems Contribution: 59.9% of company's operating revenue during H1 FY27

Segmental Performance (Q2 FY27):

  • AI Systems: ₹7,731 million (58.4% of Revenue from Operations), growing 1,068.1% YoY
  • HPC: ₹2,482 million
  • Private Cloud: ₹2,448 million

Capital Structure and Financial Position:

  • Net Debt: ₹(136) million as of 30th September 2026 (net cash position)
  • Recent Capital Raise: ₹12,000 million through first capital raise since listing in July 2023

Management Commentary

Mr. Sanjay Lodha, Chairman and Managing Director, highlighted:

  • Q2 FY27 represents another record quarter with highest-ever quarterly Revenue from Operations and PAT
  • H1 FY27 PAT exceeded full-year FY26 PAT, demonstrating business scale and strong growth momentum
  • Margin sustainability while scaling reflects strong execution and operational discipline
  • AI Systems remained primary growth driver with 1,068.1% YoY growth in Q2 FY27
  • Strong revenue visibility from ₹26,290 million order book and ₹6,525 million L1 position
  • Unprecedented surge in demand for AI compute with India emerging as significant growth market
  • Government bodies, public institutions and large enterprises prioritizing secure, high-performance systems for sovereign infrastructure
  • Global cloud service providers, data centre operators expanding GPU-intensive infrastructure in India
  • Company positioned to meet requirements with integrated design, engineering capabilities, in-house manufacturing and end-to-end solution deployment expertise
  • Active pipeline of ₹111,518 million provides significant visibility into potential business opportunities

Company Background

Netweb Technologies is India's leading Indian-origin, owned and controlled High-end Computing Solutions (HCS) provider with fully integrated design, manufacturing and deployment capabilities. The company offers HPC, Private cloud and HCI, AI systems, High performance storage (HPS) and Data Centre Servers. Founded in 1999, Netweb has manufacturing facility in Delhi-NCR and 22 offices across India. The company got listed at NSE and BSE in July 2023.