Synopsis:
E2E Networks Ltd has secured a Rs. 88 crore order from IndiaAI, under the Ministry of Electronics and IT, to allocate 1,024 H200 SXM GPUs to GAN AI for India’s foundational AI model.
A cloud infrastructure stock bagged a major government-linked order in the AI space. The deal boosts long-term visibility in the high-performance GPU allocation segment.
E2E Networks Limited, with a market capitalization of Rs. 4,711.87 crore, closed at Rs. 2,358.70 on August 26, 2025. The stock traded flat through the day as markets digested the impact of the fresh Rs. 88 crore allocation order.
What’s the News?
E2E Networks has received an order from IndiaAI, an Independent Business Division under the Ministry of Electronics and Information Technology, to provide 1,024 H200 SXM GPUs (128 H200-8X) to GAN AI.
The GPUs will be deployed on an InfiniBand (IB) network on a single fabric, with the entire allocation to be made immediately. The service contract has a 12-month validity period, with the total deal value amounting to Rs. 88 crore. This order aligns with E2E’s strategic focus on high-performance computing and further enhances its positioning as a leading AI infrastructure enabler in India.
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Financial Snapshot
On a quarter-on-quarter basis, sales rose from Rs. 33.48 crore to Rs. 36.11 crore, marking a 7.85 percent increase. Operating profit, however, fell from Rs. 13.34 crore to Rs. 10.51 crore, a decline of 21.21 percent. Profit before tax turned negative, slipping from Rs. 17.59 crore to a loss of Rs. 3.75 crore, while net profit also turned into a loss of Rs. 2.84 crore compared to a profit of Rs. 13.61 crore in the previous quarter.
Year-on-year, sales dropped 12.65 percent from Rs. 41.33 crore to Rs. 36.11 crore. Operating profit declined 61.46 percent from Rs. 27.27 crore to Rs. 10.51 crore. Profit before tax swung from Rs. 13.55 crore last year to a loss of Rs. 3.75 crore this quarter, while net profit slipped from Rs. 10.14 crore to a loss of Rs. 2.84 crore.
About the Company
E2E Networks is India’s leading hyperscaler specializing in advanced cloud GPU infrastructure. The company provides accelerated cloud computing solutions with access to cutting-edge Cloud GPUs, including NVIDIA A100, H100, and the newly available H200 models. Its focus on high-performance computing has cemented its position as the country’s premier IaaS provider in GPU cloud services.
Written By Manan Gangwar
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