Netweb Technologies secures work order worth ₹450 crore; check details

The stock of the company, following the development, is expected to be in focus on Monday, September 22.

The company said it has received a purchase order for its Tyrone AI GPU Accelerated Systems.

The order has been awarded by "one of the largest Indian-headquartered global providers of technology distribution and integrated supply chain solutions," the company said, without disclosing the name of the client.

The contract involves the "deployment of an AI infrastructure facility" and is scheduled to be executed by the end of financial year 2025-26.

About Netweb Technologies India

Netweb Technologies India is a provider of high-end computing solutions (HCS) with fully integrated design and manufacturing capabilities. The company's HCS offering comprises high-performance computing (HPC), private cloud and (HCI), artificial intelligence (AI) systems and enterprise workstations, high-performance storage (HPS) and data centre servers and software and services.

Its HPC offerings include HPC clusters, supercomputers with graphics processing unit (GPU) optimisation, HPC on-cloud, and symmetric multiprocessing (SMP) solutions.

The company offers a full stack of product and solution suites with comprehensive capabilities in designing, developing, implementing and integrating computing solutions. It offers services in MLOps services, managed services, cloud migration, OpenStack cloud, HPC on Cloud, managed Kubernetes, artificial intelligence (AI) and machine learning (ML).

Its products and solutions are sold under the Tyrone brand.

Netweb Technologies Q1 FY26 Results

IT server maker Netweb Technologies reported over a 100% jump in its profit after tax (PAT) to ₹30.5 crore for the first quarter ended June 30 (Q1 FY26), driven by a robust demand environment for artificial intelligence technologies.

The company had posted a profit after tax of ₹15.24 crore a year ago.

The operating income of Netweb also more than doubled to ₹301.21 crore from 149.3 crore logged in the June 2024 quarter.

"Our operating income grew by 101.7% year-on-year (YoY) to ₹3,012.1 million, reflecting the robust demand environment and our continued focus on disciplined execution. Profit after tax increased by 100 per cent YoY to Rs 304.8 million, with a margin of 10.1 per cent," Netweb Technologies Chairman and Managing Director Sanjay Lodha said.

The company during the quarter executed a large AI order in the critical defence sector, Lodha added.

"We firmly believe that a country's defence strength in today's world is not just defined by its military firepower alone but increasingly by its technological superiority," Lodha said.