Netweb Technol. Q2 FY27 Results (NSE: NETWEB)
Signal: Steady quarter
The read
The key inflection is sustained sequential acceleration: revenue increased from 8196.86 million in Q1FY27 to 13232.79 million in Q2FY27, while PAT rose from 853.23 million to 1336.41 million; however, the filing does not disclose the AI/HPC mix, volumes or a legible operating-margin figure, so the durability of the growth-to-margin conversion remains the main monitor.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,323.28 Cr | +335.7% | +61.4% |
| Net profit | ₹133.64 Cr | +326.5% | |
| EPS | ₹23.54 | +324.1% | |
| EBIT margin | N/A |
P&L walk
Standalone revenue reached 13232.79 million, +335.7% YoY and +61.4% QoQ, while PAT rose to 1336.41 million, +326.5% YoY; the filing does not provide a sufficiently legible operating-margin figure for a quantified margin read.
Key positives
- Revenue reached 13232.79 million in Q2FY27, up 335.7% YoY and 61.4% QoQ, extending the 8196.86 million Q1FY27 base.
- PAT reached 1336.41 million, up 326.5% YoY and 56.7% QoQ, while EPS rose to 23.54 INR from 5.55 INR a year earlier.
- H1FY27 revenue of 21429.65 million was up 309.6% YoY, indicating that the growth trajectory continued beyond the Q1 surge.
- Operating cash flow was positive at 635.53 million for H1FY27.
Key concerns
- The filing does not provide a legible Q2 operating-margin figure, volume data, AI/HPC revenue split or order-book disclosure, limiting assessment of growth quality.
- The company proposes incorporating a wholly owned subsidiary in Taiwan, but the incorporation process had not yet started as of October 24, 2026.
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