Netweb Technologies India Limited said second-quarter revenue and profit after tax each rose more than 334% year over year, while first-half profit exceeded its full-year FY26 result, underscoring the scale of the earnings increase.
Netweb's Oct. 24 release reported unaudited revenue from operations of ₹13.233 billion for the quarter through Sept. 30, 2026, up 335.7% from a year earlier. Profit after tax increased 334.8% to ₹1.367 billion. Operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose 334% to ₹1.973 billion, with a 14.9% margin.
Mint reported that the shares opened at ₹4,340 and reached an intraday high of ₹4,484.50 on Oct. 27. Compared with the ₹500 IPO offer price, that high was 8.97 times as much, or about 797% higher. Netweb listed in July 2023.
AI Systems generated ₹7.731 billion, 58.4% of quarterly revenue, and grew 1,068.1% year over year, the company said. As of Sept. 30, Netweb reported an order book of ₹26.290 billion, an additional L1 position of ₹6.525 billion and an active pipeline of ₹111.518 billion.
First-half FY27 profit after tax reached ₹2.220 billion, compared with ₹2.058 billion for all of FY26. Chairman and Managing Director Sanjay Lodha said the company achieved its highest quarterly revenue and profit after tax. Netweb cited demand for AI computing, investment in GPU-intensive infrastructure and India's National Supercomputing Mission 2.0 as factors supporting demand for domestic computing systems.
Netweb's product portfolio includes high-performance computing, private cloud and hyperconverged infrastructure, AI systems, storage and data-center servers, according to its company description. Its Oct. 24 release also said the company raised ₹12 billion in its first capital raise since its July 2023 listing.
Mint reported that Equirus Securities assigned the stock a “LONG” rating and set a ₹5,560 target for December 2027. The outlet said the brokerage called for tighter control of working capital and stronger free-cash-flow generation.
