Netweb Technologies Q3 Profit Up 16% to ₹30.3 Cr on AI Demand

Netweb Technologies Achieves 16% Profit Growth in Q3 FY25, Driven by AI Demand

Q3 Financial Performance

Netweb Technologies, a domestic IT server manufacturer, reported a 16.56% increase in profit, reaching ₹30.32 crore for the third quarter ending December 31, 2024. This growth was driven by the rising demand for artificial intelligence projects. In the same period last year, the company had recorded a profit of ₹26 crore. Revenue from operations saw a significant rise of approximately 32%, amounting to ₹334 crore during the reported quarter, up from ₹253.4 crore in the December quarter of the previous fiscal year. The company reported it achieved its highest quarterly income and profit after tax (PAT).

Strategic Growth and International Expansion

Sanjay Lodha, chairman and managing director of Netweb Technologies, highlighted their strategic growth efforts. He stated that the company recorded its highest quarterly income and PAT, and that export revenue contribution stood at 9.0% in Q3 FY25, reflecting their efforts to expand international market presence. He also noted that India’s thriving AI research ecosystem, supported by the government and industry partnerships, offers substantial innovation potential. Netweb is focusing on high-performance computing (HPC), private cloud, and AI to leverage these opportunities.

AI as a Revenue Driver

Artificial intelligence has become a significant revenue source for Netweb Technologies. Over the first nine months of FY25, AI contributed 14.7% to their revenue, showing a year-on-year growth of 136.3%. This underscores the company's commitment to advancing in AI-related projects.

Order Book and Future Outlook

As of December 2024, Netweb Technologies holds an order book valued at ₹360 crore. This positions them well for continued growth and expansion in both domestic and international markets.

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