Netweb Technologies delivered exceptional results for Q2 FY27, with profit after tax surging 4.3 times to ₹136.7 crore compared to the corresponding period last year. The company achieved its highest-ever quarterly revenue of ₹1,323.3 crore, representing a remarkable 4.4 times year-on-year growth. According to the company's latest unaudited financial results approved on October 24, 2026, the company's first-half profit of ₹2,220 million has already surpassed its entire FY26 earnings of ₹2,058 million, demonstrating significant growth momentum and operational efficiency.
The company's operational metrics showed exceptional improvement with EBITDA multiplying more than four times to ₹197.3 crore over the year-ago period, while maintaining a healthy margin of 14.9%. This margin expansion demonstrates the company's enhanced operational efficiency and ability to convert revenue into profit more effectively. The strong operational performance reflects the company's focus on high-margin AI infrastructure solutions and its ability to scale operations to meet growing demand in the artificial intelligence sector.
AI systems continued to be the primary growth driver, contributing ₹7,731 million or 58.4% of revenue from operations during Q2 FY27, registering a substantial 1,068.1% year-on-year growth. High-performance computing solutions contributed ₹2,482 million, while private cloud solutions added ₹2,448 million to the quarterly revenue mix. Latest figures show income from AI Systems stood at ₹7,731 million growing by 735.8% year-on-year over H1 FY26, highlighting the company's strong position in the AI infrastructure market. The company's first-half profit of ₹2,220 million surpassed its entire FY26 earnings of ₹2,058 million in just six months.
The company maintained a robust financial position with net debt of only ₹13.6 crore as of September 30, 2026, indicating strong cash generation and effective debt management. This minimal debt position provides the company with significant financial flexibility to pursue growth opportunities and capitalize on expanding market opportunities. The company also successfully raised ₹12,000 million through its first capital raise post-listing in July 2023, strengthening its financial position to capitalize on expanding market opportunities.
Despite the strong financial performance and AI growth momentum, shares of Netweb Technologies ended 5.6% lower at ₹4,335.80 on the NSE on Friday, as reported by CNBC TV18. The stock has declined 8.3% over the past month but has gained 41.2% so far this year. The mixed market reaction occurred despite the company's record quarterly performance driven by artificial intelligence demand and the successful capital raise, with investors focusing on the company's accelerated growth trajectory and strong order book position. The company continues to focus on strengthening its position in the high-end computing space, catering to growing demand for AI compute, cloud services, and data centre infrastructure.
