Shares of Netweb Technologies India Ltd. surged as much as 15% on Friday, May 29, following Maharashtra Chief Minister Devendra Fadnavis's announcement of plans to establish six artificial intelligence centres of excellence in Mumbai and make 2,000 graphics processing units (GPUs) available to support rising AI computing demand. According to reports from CNBC TV18, Fadnavis stated that AI, powered by data and emerging technologies, is driving rapid growth in digital infrastructure and could help Maharashtra emerge as one of India's largest data centre hubs.
The rally comes after CRISIL Ratings Ltd. upgraded Netweb Technologies' long-term credit rating to 'CRISIL A+ / Stable' from 'CRISIL A / Stable' while reaffirming its short-term rating. As reported by The Economic Times, CRISIL expects sustained revenue growth and steady operating margins, with the company projected to achieve sustained revenue growth to over ₹4,000 crore with diversification across end users. The rating agency anticipates steady operating margins at 13-14%, leading to higher-than-expected net cash accruals, supported by efficient working capital management and moderate dependence on debt.
Shares of Netweb Tech hit a fresh 52-week high of ₹4,680 on the NSE amid high volumes, extending their gaining streak for the third session in a row with a 21% rise in this period. According to The Economic Times, the company reported Q4FY26 revenue from operations at ₹774 crore, growing 87% year-on-year. Its operating EBITDA for Q4FY26 stood at ₹97 crore while the adjusted operating EBITDA for Q4FY26 was ₹102 crore, up 72% YoY, with a margin of 13.2%. The stock has gained 50% so far this year and nearly 130% over the last 12 months, with the company designing and manufacturing high-end computing systems including supercomputers, private cloud infrastructure, AI systems and enterprise computing solutions.
The company counts global technology leaders such as Nvidia, Samsung, AMD and Intel among its key partners, relationships that Crisil said provide access to technology roadmaps well ahead of market launches. As reported by The Economic Times, Netweb offers computing solutions with fully integrated design and manufacturing capabilities, with its HCS offering comprising HPC, Private cloud and HCI, AI systems and enterprise workstations, high performance storage and Data Centre Servers. The company's order book of ₹2,098 crore as of March 2026, along with L1 orders worth ₹328 crore, provides medium-term revenue visibility.
