Netweb Technologies Reports Strong Q1 FY25 Results with Significant Revenue and Profit Growth

On July 20, 2024, Netweb Technologies India Limited (Netweb), a leading Indian-origin OEM specialising in High-End Computing Solutions (HCS), announced its Q1 FY25 results.

Key Financial Highlights: Q1 FY25

• Total Income: ₹1,532 million, a 154.4% increase from Q1 FY24.
• EBITDA: ₹239 million, up 164.1% from Q1 FY24, with an EBITDA margin of 15.6%.
• PAT (Profit After Tax): ₹154 million, a 203.4% increase from Q1 FY24, with a PAT margin of 10.1%.
• Net Debt: ₹330.0 million as of June 2024.

Key Business Highlights: Q1 FY25

• Order Book: ₹4,197 million as of June 2024, up from ₹994 million in June 2023.
• Expansion: Opened a new manufacturing facility with advanced Surface Mount Technology on May 10, 2024.
• Segmental Growth: Revenue from AI Systems grew by 146% year-over-year, contributing 14.6% to the company’s operating revenue in the June quarter.

Commenting on the results, Mr Sanjay Lodha, Chairman and Managing Director, Netweb Technologies, said: “We are pleased to state that India’s flagship end-to-end high-end computing server, storage, and switch manufacturing facility in Faridabad was inaugurated by Honorable Secretary, Ministry of Information & Technology, GoI, on May 10, 2024, marking a significant milestone in the ‘Make in India’ initiative. This new facility represents a substantial leap in Netweb’s manufacturing capabilities for cutting-edge computing systems, encompassing the entire production process, including PCB design, manufacturing, and SMT for high-end servers, storage, and switches, demonstrating advanced manufacturing skills.”

He further added, “Our Total Income grew by 154.4% YoY to ₹1,532.1 million in Q1 FY25. EBITDA for Q1 FY25 increased by 164.1% YoY to ₹238.9 million, with an EBITDA margin of 15.6%. Profit after tax (PAT) increased by 203.4% YoY to ₹154.4 million in Q1 FY25, and the PAT margin improved from 8.5% in Q1 FY24 to 10.1% in Q1 FY25.”

About Netweb Technologies

With comprehensive design and manufacturing capabilities, Netweb is India’s top provider of high-end computing solutions (HCS). Their HCS products include HPC, private cloud and HCI, AI systems and enterprise workstations, high-performance storage (HPS), and data centre servers.

On July 22, 2024, the Netweb Technologies share price opened at ₹2,381.00, touching the day’s high of ₹2,477.90 as of 09:59 AM on the NSE.

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