The shares of the fastest-growing cloud computing player hit 5 percent upper circuit of Rs 3,537.55 per share after the company announced that it is the first to bring NVIDIA H200 Tensor Core GPUs to the Indian market.
With a market capitalization of Rs 5,972.90 crore, the shares of E2E Networks Ltd were trading at Rs 3,537.55 per share, increasing around 5 percent as compared to the previous closing price of Rs 3,369.10 apiece.
Reason for Rise:-
The shares of the company have seen bullish movement after E2E Networks Ltd announced that it is the first to bring NVIDIA H200 Tensor Core GPUs to the Indian market.
Furthermore, the NVIDIA H200 GPU cluster, featuring NVIDIA Quantum-2 InfiniBand networking, is designed to enhance generative AI with 4.8 TB/s memory bandwidth and 141 GB GPU memory capacity. It delivers up to 1.9X higher inference performance than NVIDIA H100 Tensor Core GPUs, catering to real-time AI needs.
Additionally, businesses evaluating the adoption of these advanced GPUs will benefit from insights into Cloud GPU Pricing, allowing them to plan budgets and scale their AI projects efficiently.
Moreover, E2E Networks is enhancing its cloud infrastructure with H200 GPU-based cluster configurations for its flagship AI development studio, TIR, the first of its kind in India. This advancement will enable developers to efficiently train foundational AI models, driving AI training for large language and vision models in India.
Management comment
Vishal Dhupar, Managing Director, Asia South, NVIDIA, said, “E2E’s expansion of its infrastructure to include NVIDIA H200 GPUs is helping to build the foundation for India’s AI-powered future, bringing powerful cloud services to enterprises and startups across the region.”
Generative AI’s Impact on India’s Economy:-
Generative AI is expected to contribute up to USD 1.5 trillion to India’s GDP by 2030. The introduction of NVIDIA H200 GPUs will help businesses enhance their generative AI applications, supporting INDIAai’s mission to democratize computing and foster indigenous AI capabilities while boosting the startup ecosystem.
Financial conditions:-
Looking into the company’s financial condition, revenue jumped by 118 percent from Rs 22 crore in Q2FY24 to Rs 48 crore in Q2FY25, however during the same period of time, net profit magnified drastically by 100 percent from Rs 6 crore to Rs 12 crore.
Marquee Clientele & partnership:-
The company boasts a marquee clientele that includes Zomato, Cars 24, Instantpay, Clovia, Niyo, Zoomcar, Nykaa, Indiamart, and Healthkart. It has established partnerships with industry leaders such as NVIDIA, AMD, Intel, and Microsoft SPLA, enhancing its technological capabilities and market presence.
Expansion Plan:-
The company plans to expand its data center facilities, increasing capacity from 1,000 KW to 4,200 KW over seven years, sourced from one of its vendors. This expansion aims to enhance operational capabilities and meet the growing demand for data services in the market.
Company profile:-
E2E Networks is an NSE-listed AI-focused hyperscale cloud platform that provides sophisticated cloud GPUs as well as a full ecosystem of cloud technologies for the creation and implementation of AI and ML applications.
Written by:- Abhishek Singh
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