Netweb shares rally 10 percent as June quarter profit doubles, AI revenue rises 300 percent

For the quarter, AI continued to be a major growth driver and contributed 29 percent of the operating revenue.

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26 Aug, 2025 12:21

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Shares of Netweb Technologies, a high-end computing solutions (HCS) provider, soared over 10 percent on August 1, riding on strong profit growth and AI revenue for the June quarter.

The net profit doubled to Rs 30.48 crore and total income rose to Rs 302.32 crore at a growth of 97 percent on year, during the June quarter. Income from AI systems rose by 300% on year during Q1FY26, helped by a large AI-related deal.

For the quarter, AI continued to be a major growth driver and contributed 29 percent of the operating revenue, and the management told CNBC-TV18 that they are increasing their AI revenue share guidance from 20 percent to 22 percent going forward.

"India’s rapidly evolving AI ecosystem supported by vibrant research, growing enterprise adoption, and government-led initiatives to develop indigenous large language models (LLMs) presents significant innovation opportunities. Netweb is well positioned to capitalize on this momentum with a focused approach across its three growth pillars: High Performance Computing (HPC), Private Cloud, and AI Systems," said Sanjay Lodha, Chairman and Managing Director, Netweb Technologies.

The company informed that it also executed a large AI order in the defence sector during the June quarter. It is expected the government's Rs 10,000 crore AI Mission could further drive demand for AI R&D, with Netweb poised to benefit from future order flow. The company said it is seeing increased demand in defence, space, private cloud and high-end computing in India.

On a YTD basis, shares of Netweb Technologies were down 23 percent.