Netweb Technologies shares surged over 16 percent on May 5 after the company reported a 45 percent rise in net profit to Rs 43 crore for the fourth quarter of the financial year 2025. The shares of the company were trading at Rs 1,648.80 apiece in the morning.
The company had released its results for the January-March quarter of FY25 in the post market hours of May 3. While net profit rose nearly 45 percent year-on-year, the firm's revenue from operations rose around 56 percent YoY to Rs 414.65 crore during the reported quarter. Operating EBITDA meanwhile grew nearly 48 percent YoY to Rs 59.8 crore, with an operating EBITDA margin of 14.4 percent.
Netweb Technologies announces dividend:
Along with the Q4 FY25 results, the company also announced a dividend of Rs 2.5 per equity share for its shareholders. The record date to determine the eligibility of the shareholders set to receive the payment is yet to be announced.
Netweb Technologies Chairman and Managing Director Sanjay Lodha said, "We are delighted to report our highest-ever quarterly and full-year Income and PAT…We received our first claim under the PLI Scheme 2.0 for IT hardware, amounting to ₹59.4 Mn for the period from July 1, 2023, to March 31, 2024. This achievement underscores the success of the PLI scheme in boosting domestic production and creating employment opportunities. We remain committed to in-house designing and producing world class latest generation systems supporting the 'Make in India' initiative and contributing to India's growth as a global manufacturing hub."
Lodha further added that artificial intelligence continued to be a major growth engine for the firm, contributing 14.8 percent to revenue with a 112 percent YoY increase. "Our robust business pipeline and strong order book, supported by continuous capability building and product portfolio expansion, position us for sustained growth and technological leadership," he added.
Also read: Our LIVE blog on Q4 results
Data Centre stocks rise:
The rise in the share price rubbed off on other data center stocks as well. Black Box shares rose nearly 9 percent to trade at Rs 404 apiece, while those of E2E Networks jumped 5 percent to get locked in the upper circuit at Rs 2,647 apiece. Anant Raj shares meanwhile were up over 2 percent to trade at Rs 460 apiece.
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