Netweb Share Price Drops 7.36%; Reports 30.1% YoY Growth in Q3 FY25 Total Income

Netweb Technologies India Limited (Netweb) has been in focus on Monday after the announcement of its Q3 FY25 financial results.

On January 20, 2025, Netweb share price opened at ₹2,325.00, down from its previous close of ₹2,338.35. At 10:32 AM, the share price of Netweb was trading at ₹2,166.35, down by 7.36% on the NSE.

Q3 FY 2025 Financial Highlights

Netweb’s total income for Q3 FY25 stood at ₹3,355 million, reflecting a 30.1% year-on-year (YoY) growth compared to Q3 FY24. The company reported an EBITDA of ₹455 million, representing a 17.4% YoY increase, with an EBITDA margin of 13.6%. Profit after tax (PAT) rose by 16.6% YoY to ₹303 million, with a PAT margin of 9.0%. Additionally, Netweb maintained a strong financial position, with net debt at ₹(737.2) million as of December 2024, underscoring its robust cash reserves.

In terms of business highlights, the company’s order book stood at ₹3,603 million as of December 2024, reflecting strong demand. Notably, income from AI Systems surged by 136.3% YoY during the nine months ending December 2024. The contribution of AI Systems to Netweb’s operating revenue increased to 14.7%.

Commenting on the results, the Chairman and Managing Director of Netweb Technologies, Mr Sanjay Lodha, said, “We are delighted to report that we recorded our highest-ever quarterly Income and PAT. In line with our growth strategy, export revenue contribution stood at 9.0% in Q3 FY25, reflecting our efforts to expand the international market presence and capitalize on global opportunities. India’s flourishing AI research ecosystem, supported by government initiatives and industry partnerships, presents immense innovation potential. Netweb is well-positioned to seize these opportunities, guided by our strategic focus on three pillars: HPC, Private Cloud, and AI. AI has emerged as a key revenue driver, contributing 14.7% in 9M FY25, with YoY growth of 136.3%.”

He further added, “It gives me immense pride to share that in the NVIDIA AI Summit India 2024, Jensen Huang, CEO of NVIDIA, personally endorsed our latest AI GPU systems based on ARM architecture. This endorsement not only strengthens Netweb’s leadership in the design and solutioning of AI Systems in India but also positions India to emerge as the AI factory of the world, with indigenous design and manufacturing capabilities. Our strong business pipeline and order book, coupled with ongoing capability enhancements and product expansion, position us for sustained growth while maintaining our technological leadership.”

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