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Netweb Technologies Q2 profit soars 61% to ₹137 crore as AI demand surges - Published OnOct 24, 2026 | 17:56 IST - Last Updated OnOct 24, 2026 | 17:56 IST Netweb Technologies reported a 61% sequential surge in Q2 FY27 net profit to ₹137 crore and a 62% rise in revenue to ₹1,323 crore, driven by robust demand for AI systems. The company's first-half profit surpassed its entire FY26 earnings, and its order book reached ₹2,629 crore. Netweb Technologies India reported a strong sequential performance in the second quarter of FY27, with revenue and net profit rising more than 60% quarter-on-quarter (QoQ), supported by robust demand for artificial intelligence (AI) systems and high-performance computing solutions. Revenue increased 61.5% to ₹1,323 crore from ₹819 crore in the previous quarter. Net profit rose 60.6% to ₹137 crore from ₹85.3 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 64.4% to ₹197 crore from ₹119.8 crore. EBITDA margin improved to 14.9% from 14.6% in the preceding quarter. The company reported an order book of ₹2,629 crore as of September 30, 2026, providing visibility into business prospects over the coming quarters. AI systems drive Netweb Technologies' growth AI systems remained the primary growth driver for Netweb Technologies during the first half of FY27. Income from AI systems stood at ₹1,283.6 crore, with the segment contributing 59.9% of operating revenue during the period, according to the company's disclosure. Chairman and Managing Director Sanjay Lodha said the September quarter was another record period for the company, with its highest-ever quarterly revenue from operations and profit after tax (PAT). He said the company's PAT for the first half of FY27 reached ₹222 crore, surpassing its full-year FY26 PAT of ₹205.8 crore in just six months. AI systems contributed ₹773.1 crore, or 58.4% of quarterly revenue from operations, registering 1,068.1% YoY growth. High-performance computing (HPC) and private cloud solutions contributed ₹248.2 crore and ₹244.8 crore, respectively. Netweb Technologies' order book and growth outlook As of September 30, 2026, Netweb Technologies had an order book of ₹2,629 crore, along with an additional L1 position of ₹652.5 crore. The company also reported an active business pipeline of ₹11,151.8 crore. Lodha said rising demand for AI computing, GPU-intensive infrastructure and sovereign computing capabilities was creating opportunities across government institutions, enterprises, cloud service providers and data centre operators. He added that the company's integrated design and engineering capabilities, in-house manufacturing and end-to-end solution deployment expertise positioned it to address growing demand for high-end computing infrastructure. The company also highlighted opportunities in supercomputing and private cloud solutions, with the National Supercomputing Mission 2.0 placing greater emphasis on designing and building computing capabilities in India. Shares of Netweb Technologies India ended 5.6% lower at ₹4,335.80 on the NSE on Friday. The stock has declined 8.3% over the past month but has gained 41.2% so far this year.
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