Netweb Technologies' revenue from operations rose 20.9 percent to Rs 303.7 crore in Q2 FY26, from Rs 251 crore in Q2 FY25.
This strategic win is of national importance, aimed at strengthening India’s AI compute capabilities, says the company
The company informed that it also executed a large AI order in the defence sector during the June quarter.
IT server maker Netweb Technologies' operating income more than doubled to Rs 301.21 crore from Rs 149.3 crore in the June 2024 quarter.
Along with the Q4 FY25 results, the company also announced a dividend of Rs 2.5 per equity share for its shareholders.
Ajit Mishra, Head Research Analyst at Religare Broking, sees signs of a strong base forming, with prices hovering around a support zone and showing sideways consolidation with higher lows.
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Netweb Technologies has an order book of Rs 360 crore as of December 2024.
In the July-September quarter, the company reported a 70 percent year-on-year increase in net profit
In the last one year, the shares of the company have recorded a massive 232.41 percent jump
Kotak Mahindra Bank, Inox Wind, MTAR Technologies, VA Tech Wabag, Jindal Saw, Dalmia Bharat, Oberoi Realty, Mangalore Refinery and Petrochemicals, PC Jeweller, L&T Finance, and Jio Financial Services will also be in focus on October 21.
The four promoters collectively owned 74.75 percent of Netweb Technologies. Sanjay Lodha held the largest share at 29.9 percent, while Navin Lodha, Vivek Lodha, and Niraj Lodha each held 14.95 percent.
The rapid movements in digitisation of the Indian economy and other technological advancements powered by a young population got Mobius bullish about the country’s prospects.
The company added that it recently bagged an order from VSSC (ISRO) for their upcoming supercomputer, envisaged to be the largest for the Department of Space, valued at Rs 147.7 crore.
Netweb shares closed with 82 percent rally at Rs 910.40 on its debut despite correction in equity markets.
Netweb Technologies stock settled at Rs 910.40 with a volume of 1.7 crore equity shares on the NSE.
Netweb Technologies listed at Rs 947, a whopping 88 percent premium to the issue price of Rs 500, which was expected as the IPO was subscribed 90.36 time
Netweb Technologies has maintained a healthy average return on equity of around 46 percent during FY21-23. The company has forayed into developing new product lines, namely, network switches and 5G ORAN Appliances, in FY23
Netweb Technologies is well-positioned to benefit from the growth of the high-end computing market in India.
Netweb Technologies will make its debut on the BSE and NSE on July 27, as per IPO schedule.
The total fund raising via public offerings would be Rs 857 crore, including Rs 170 crore by the SME (small and medium enterprise) segment
The grey market premium of Netweb Technologies IPO appears justified due to its strong investment rationale and remarkable FY23 performance.
Since there are no directly comparable peers in the listed space within the HCS industry, Nirmal Bang compares Netweb Technologies India with EMS players.
The IPO comprises a fresh issuance of shares worth Rs 206 crore, and an offer for sale of Rs 425 crore by promoters.