NETWEB TECHNOLOGIES

Netweb Technologies sees a surge in its shares, hitting the 5% upper circuit limit for two consecutive sessions, nearing their all-time high of ₹1892.

The upswing follows robust financial results for Q4 FY24, with record-breaking quarterly revenue, EBITDA, and PAT.

Q4 FY24 revenue reaches ₹269 crore, EBITDA stands at ₹44.4 crore, and PAT hits ₹29.7 crore, reflecting substantial growth rates.

Full fiscal year performance (FY24) showcases highest-ever revenue, EBITDA, and PAT at ₹736 crore, ₹114.4 crore, and ₹75.9 crore, respectively.

Strategic partnerships with NVIDIA and product launches enhance Netweb's market presence in AI systems and high-end computing servers.

The company's shares witness a significant surge, rising 147% in the past six months, from ₹749 to ₹1852.

Netweb's IPO debut in July 2023 marked a notable 89.4% premium, with current trading prices soaring 270% above IPO levels.

As a key OEM in high-performance computing systems, Netweb specializes in supercomputing, private cloud, AI systems, and enterprise workstations.

India's growing AI landscape presents promising growth opportunities, aligning with Netweb's diverse product offerings and technological advancements.

Netweb anticipates sustained growth bolstered by upcoming manufacturing facility expansions and segmental income growth in AI systems.