Netweb Technologies inaugurates high-end computing server, storage and switch manufacturing facility in Faridabad

According to the firm, the new manufacturing facility commenced its commercial production on Friday. The facility includes printed circuit board (PCB) design, manufacturing and surface mount technology (SMT) lines for high-end servers, storage and switches.

Netweb Technologies said the facility encompasses the entire spectrum from designing PCBs to surface mounting on PCBs and finally the production of complete systems. It will also enable the company to market its products and solutions to new industry verticals, which demand critical and high-performance computing architectures, it said.

Netweb Technologies is a provider of high-end computing solutions (HCS) with fully integrated design and manufacturing capabilities.

During the fourth quarter of fiscal year 2024, Netweb Technologies reported a 117% year-on-year (YoY) rise in its total income at ₹269.8 crore. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 171% to ₹44.36 crore while the EBITDA margin improved 328 basis points (bps) to 16.4%. Net profit rose 182% to ₹29.66 crore during the quarter.

For the full year, the company reported a 65.1% rise in its total income to ₹735.96 crore. EBITDA improved 62% to ₹114.4 crore while EBITDA margin declined 32 bps to 15.5% during the year. Net profit increased 61.7% to ₹75.9 crore. The board of directors recommended a dividend of ₹2 per share.

Sanjay Lodha, Chairman and Managing Director at Netweb Technologies said artificial intelligence (AI) systems are progressing towards becoming the third pillar of growth. “This is reflected by its revenue growing 2.6 times YoY, while its contribution to the company's total revenue has grown from 7% in FY23 to 11% in FY24, underscoring its importance as a significant revenue stream,” he said.

Shares of the company have risen over 65% since the beginning of the year. The stock has gained over 115% in the last one year.