IT stock engaged in offering product and solution suites in designing, developing, implementing, and integrating high-performance computing solutions hit a 10 percent upper circuit in the day’s following jump in Net Profits by 70 percent.
Price Action
With a market capitalization of Rs. 15,658 Crores, the shares of Netweb Technologies India Limited were trading at Rs. 2,778 per equity share, up 4 percent from its previous day’s close price of Rs. 2,681.50.
Q2FY25 Results
Its Revenue from operations grew by 73 percent YoY from Rs. 144.98 Crores in Q2FY24 to Rs. 251.06 Crores in Q2FY25 and it grew by 64 percent QoQ from Rs. 149.31 Crores in Q1FY25 to Rs. 251.06 Crores in Q2FY25.
Its Net Profit grew by 70 percent YoY from Rs. 15.14 Crores in Q2FY24 to Rs. 25.71 Crores in Q2FY25 and it grew by 67 percent QoQ from Rs. 15.44 Crores in Q1FY25 to Rs. 25.71 Crores in Q2FY25. Its Net Profit Margin decreased from 10.22 percent in Q2FY24 to 10.15 percent in Q2FY25.
Tata Mutual Fund Buy
Tata Mutual Fund made a fresh position in Netweb Technologies India Limited in Q2FY25 by purchasing a 1.58 percent stake or 8.88 Lakh equity shares.
About the Company
Netweb Technologies Limited is engaged in offering product and solution suites in designing, developing, implementing, and integrating high-performance computing solutions. It involves developing homegrown compute and storage technologies, and deploying supercomputing Infrastructure.
Netweb Technologies Limited has a strong customer base with wellknown players like The Indian Airforce, DRDO, ISRO, HAL, Railtel, Tata Adavanced Systems, Societe General, IISC and many more.
Coming to the revenue distribution as of H1FY25 it generated 35 percent of its revenue from HPC Systems, Private Cloud and Hyperconverged Infrastructure 37 Percent, AI Systems and Enterprise Workstations 15 percent, Data Centre Servers 3 percent, Software & Service for HCS 2 percent, High Performance Storage Solutions 2 percent and others 6 percent.
Written by: Bharath K.S
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