Netweb Technologies India (NETWEB) Q4 25/26 earnings summary

Executive summary

• Achieved record FY26 revenue of INR 21,836 million, up 90% year-over-year, driven by robust demand for high-end computing systems and AI infrastructure in India.

• Q4 FY26 revenue reached INR 7,737 million, up 86.6% year-over-year, with PAT of INR 706 million and a PAT margin of 9%.

• AI Systems segment grew 459.6% year-over-year, contributing 43.4% of total operating revenue, reflecting a transformational shift in revenue mix.

• Audited financial results for FY26 were approved with an unmodified audit opinion; a final dividend of INR 3 per share was recommended.

• Entered FY27 with a strong order book exceeding previous year's revenue, supported by strategic national-scale orders.

Financial highlights

• FY26 PAT was INR 2,058 million, up 80.9% year-over-year, with a PAT margin of 9.3%.

• Adjusted operating EBITDA for FY26 was INR 2,901 million, up 82.4% year-over-year; operating EBITDA was INR 2,848 million, up 79.1%.

• Q4 FY26 adjusted operating EBITDA was INR 1,018 million, up 71.8% year-over-year; operating EBITDA was INR 966 million, up 63%.

• EPS for FY26 was INR 36.30, up 80.5% year-over-year.

• Cash and cash equivalents increased to INR 3,655 million as of March 31, 2026.

Outlook and guidance

• Revenue growth guidance of 35%-40% over the next couple of years, with operating EBITDA margin guidance of 13%-14%.

• No significant CapEx planned for FY27; routine CapEx expected to continue at INR 20-25 crore.

• Strategic orders expected to be executed over the next three quarters.

• Management expects continued strong growth, driven by India's AI infrastructure build-out and robust demand for high-end computing.

• The Board expressed confidence in the company’s outlook, citing a strong balance sheet and readiness for future opportunities.