Netweb Technologies India Ltd Share Price – NSE /  BSE

IT - Hardware, Small Cap

Netweb Technologies India announced that Prawal Jain, Chief Financial Officer (CFO), Chief Human Resources Officer (CHRO) & Key Managerial Personnel (KMP) of the Company has tendered his resignation vide letter dated 14 November 2024, in order to explore external opportunities. His last working day will be 31 December 2024

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NETWEB announced an expansion to its range of NVIDIA MGX platform based servers. India's first ‘Make in India' Tyrone servers, incorporating NVIDIA MGX-based Grace and NVIDIA GH200 GraceHopper Superchips, will be offered by Netweb for off-prem and on-prem AI cloud infrastructure. This will be combined with allied software and services for generative AI and scientific innovations. Netweb currently designs and manufactures more than ten models under its flagship Tyrone range of NVIDIA MGX AI systems.

Netweb's exemplary work on end-to-end design, PCBA, production and building block architecture expertise has advanced the R&D, manufacturing and solutions capabilities for AI in India. Netweb's long-standing relationship with NVIDIA now includes building India's own sovereign AI compute infrastructure with both off-prem and on-prem models.

The new range of Tyrone AI systems accelerated by NVIDIA Grace and Grace Hopper Superchips is powered by a wide range of NVIDIA and Netweb's respective software stacks to build the AI cloud infrastructure for off-prem and on-prem scenarios.

Tyrone Skylus cloud instances can be created and managed by users and organizations using and taking advantage of the broad software stack, which includes NVIDIA AI Enterprise, NVIDIA Omniverse, Skylus.ai, KubytsHub and KubytsFlow. This stack introduces cloud instance autonomy leveraging hundreds of pre-compiled/trained frameworks – models, and development tools to structure the development, training and deployment process over AI cloud. This will play a substantial and essential role in Generative AI , large-scale agentic AI and physical AI workloads, helping users to scale across hundreds and thousands of nodes in an AI cloud.

Netweb's NVIDIA MGX systems with different configurations of GPUs, CPUs, and DPUs—including x86 or Arm® CPU servers and NVIDIA OVX™ servers—are offered focusing on building block and rack-scale architecture. They also offer both direct- to-chip liquid-cooled and air-cooled designs. With direct-to-chip liquid cooling technology, Tyrone AI systems will help build a large AI cloud with much higher TDP limits for GPUs and CPUs, yet maintaining the best PUE for the AI cloud infrastructure.

Netweb's comprehensive range of Tyrone NVIDIA MGX, x86 architecture-based GPU systems for end-to-end AI cloud solutions for CSPs and enterprises, will be demonstrated at the NVIDIA AI Summit at the Jio Convention Centre in Mumbai, 24 and 25 October 2024.

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Revenue from operations jumped 73.17% YoY to Rs 251.06 crore during the quarter.

Total income soared 71.02% to Rs 253.11 crore during the quarter as compared with Rs 148 crore in corresponding quarter last year.

Profit before tax (PBT) stood at Rs 34.46 crore in Q2 FY25, up 70.51% as compared with Rs 20.21 crore in Q2 FY24.

Total expense jumped 71.08% year on year to Rs 218.64 crore during the quarter. Cost of materials consumed was at Rs 228.70 crore (up 124.46% YoY) while employee benefits expense stood at Rs 15.90 crore (up 11.5% YoY) during the period under review.

EBITDA advanced 69.71% year on year to Rs 37.76 crore in the quarter ended 30 September 2024. EBITDA margin reduced to 14.9% as compared to 15% registered in Q2 FY25.

Sanjay Lodha, chairman and managing director of Netweb Technologies, said, “We are delighted to report that our Total Income rose by 71.0% YoY for Q2 FY25 and by 95.0% YoY for H1 FY25, reaching Rs 2,531.1 Mn in Q2 FY25 and Rs 4,061.2 Mn in H1 FY25.

With India's AI research ecosystem thriving through government initiatives and industry partnerships, the potential for innovation is immense. Netweb is well-positioned to harness these opportunities. Our strategic focus on three pillars HPC, Private Cloud, and AI keeps us at the forefront of technological evolution.

AI has rapidly become a pivotal contributor to our revenue, growing its share to ~15% in H1 FY25, with a YoY growth of 193%. Fuelled by innovation, this strong growth highlights AI's role as a cornerstone of our business strategy and our future growth.

Our business pipeline and order book remain strong. We’re pleased to state that we have started receiving export orders and this aligns with our growth strategy to enter overseas markets. Continuous improvements in our capabilities, along with the expansion of our operations and product range, position us well for ongoing growth while maintaining our technological leadership.”

Netweb is a high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. Its HCS offering comprises HPC, private cloud and (HCI), AI systems and enterprise workstations, high performance storage (HPS) and data centre servers.

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Net profit of Netweb Technologies India rose 69.88% to Rs 25.72 crore in the quarter ended September 2024 as against Rs 15.14 crore during the previous quarter ended September 2023. Sales rose 73.17% to Rs 251.06 crore in the quarter ended September 2024 as against Rs 144.98 crore during the previous quarter ended September 2023.

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