IT Consulting & Software company Netweb Technologies India announced Q2FY25 results Financial Highlights: Total Income: Total Income at Rs 2,531 million for Q2FY25, with YoY growth of 71.0% over Q2FY24. EBITDA: EBITDA at Rs 378 million, an increase of 69.7% over Q2FY24, EBITDA margin stood at 14.9%. PAT: PAT at Rs 257 million, an increase of 69.8% over Q2FY24, PAT Margin was at 10.2%. Net Debt: Net Debt stood at Rs (663.9) million as on Sep’24. Business Highlights: Order Book: Rs 3,697 million as on Sep’24 against Rs 2,174 million as on Sep’23 Segmental Growth: Income from AI Systems has grown by 229% YoY, its contribution to the company's operating revenue increased to 14.8% in the September Quarter. Sanjay Lodha, Chairman and Managing Director, Netweb Technologies said: “We are delighted to report that our Total Income rose by 71.0% YoY for Q2FY25 and by 95.0% YoY for H1FY25, reaching Rs 2,531.1 million in Q2FY25 and Rs 4,061.2 million in H1FY25. EBITDA for Q2FY25 increased by 69.7% YoY to Rs 377.6 million, while for H1FY25, it surged by 97.0% YoY to Rs 616.4 million. EBITDA margin was 14.9% for Q2FY25 and 15.2% for H1FY25. Profit After Tax saw an increase of 69.8% YoY for Q2FY25 and 103.4% YoY for H1FY25, reaching Rs 257.2 million in Q2FY25 and Rs 411.6 million in H1FY25. PAT margin was 10.2% for Q2FY25 and 10.1% for H1FY25. With India's AI research ecosystem thriving through government initiatives and industry partnerships, the potential for innovation is immense. Netweb is well-positioned to harness these opportunities. Our strategic focus on three pillars—HPC, Private Cloud, and AI—keeps us at the forefront of technological evolution. AI has rapidly become a pivotal contributor to our revenue, growing its share to ~15% in H1FY25, with a growth 193% YoY increase. Fuelled by innovation, this strong growth highlights AI's role as a cornerstone of our business strategy and our future growth. Our business pipeline and order book remain strong. We’re pleased to state that we have started receiving export orders and this aligns with our growth strategy to enter overseas markets. Continuous improvements in our capabilities, along with the expansion of our operations and product range, position us well for ongoing growth while maintaining our technological leadership. “ Result PDF
IT Consulting & Software company Netweb Technologies India announced Q1FY25 results: Financial Highlights: Total Income: Total Income at Rs 1,532 million, YoY growth of 154.4% over Q1FY24 EBITDA: EBITDA at Rs 239 million, an increase of 164.1% over Q1FY24, EBITDA margin stood at 15.6% PAT: PAT at Rs 154 million, an increase of 203.4% over Q1FY24, PAT Margin was at 10.1% Net Debt: Net Debt stood at Rs (330.0) million as on Jun’24 Business Highlights: Order Book: Rs 4,197 million as on Jun’24 against Rs 994 million as on Jun’23 Expansion: Commissioned State of the art Manufacturing facility with latest Surface Mount Technology, on 10th May 2024 Segmental Growth: Income from AI Systems has grown by 146% YoY, its contribution to the company's operating revenue increased to 14.6% in the June quarter Commenting on the results, Sanjay Lodha, Chairman and Managing Director, Netweb Technologies said: “We are pleased to state that India's flagship end-to-end high-end computing server, storage, and switch manufacturing facility in Faridabad was inaugurated by Honorable Secretary, Ministry of Information & Technology, GoI, on May 10, 2024, marking a significant milestone in the 'Make in India' initiative. This new facility represents a substantial leap in Netweb's manufacturing capabilities for cutting-edge computing systems, encompassing the entire production process including PCB design, manufacturing, and SMT for high-end servers, storage, and switches, demonstrating advanced manufacturing skills. Our Total Income grew by 154.4% YoY to Rs1,532.1 million in Q1 FY25. EBITDA for Q1 FY25 increased by 164.1% YoY to Rs238.9 million, with an EBITDA margin of 15.6%. Profit after tax (PAT) increased by 203.4% YoY to Rs154.4 million in Q1 FY25, and the PAT margin improved from 8.5% in Q1FY24 to 10.1% in Q1 FY25. India is rapidly emerging as a leader in AI adoption, with businesses increasingly leveraging AI to drive innovation and operational efficiency. These industry tailwinds create a fertile ground for innovation and expansion, and Netweb is uniquely positioned to harness these opportunities. Our strategic focus on three pillars; HPC, Private Cloud and AI, ensures that we are at the forefront of technological evolution. These pillars are the cornerstones of our growth strategy, enabling us to deliver cutting-edge solutions that meet the dynamic needs of global businesses. AI systems has emerged as a pivotal growth pillar, contributing significantly to our operating revenue, with its share increasing to 14.6% in the quarter gone by, marking a robust growth of 146% YoY. Our strong business pipeline and order book, combined with ongoing enhancements in our capabilities and expansion of both operations and product portfolio, place us well for sustained growth while maintaining our leadership in technology.” Result PDF