Netweb Technologies shares continue to rally for second session; here’s why stock is up over 10% today

The domestic IT server maker on February 19 launched Skylus.ai, a composable GPU aggregation-disaggregation appliance designed to optimise GPU resource management for AI, including GenAI workloads.

The firm’s shares have been gaining post this launch. Thursday’s jump marked a second consecutive day of gains as the stock hit a 10% upper circuit in the previous session, bringing its gain to 21% in two consecutive sessions. At close, the scrip surged 9.77% to settle at closed ₹1,618.60 apiece on BSE.

Skylus.ai simplifies the integration of multi-vendor GPUs and CPUs, enabling the creation of tailored workspaces that align with specific workload needs. “The platform also uses Tyrone Kubyts, a workbench featuring a pre-tested, pre-built, optimized, and qualified set of curated container images in the form of an Image marketplace. This allows users to access packaged containers or VM disc images that are ready to deploy, saving time and reducing the complexity of application deployment from scratch,” Netweb had said in a statement.

“Businesses struggle with GPU wastage, inefficiencies, and infrastructure bottlenecks, slowing AI adoption and innovation. Skylus.ai addresses these pain points with an intelligent, scalable, and vendor-agnostic solution. It optimises AI workloads, reduces GPU wastage, and optimises resource management, enabling businesses to focus on AI innovation – not infrastructure issues,” said Sanjay Lodha, Chairman and Managing Director (CMD) of Netweb Technologies.

“More than just a tool, Skylus.ai is a catalyst for AI-driven transformation, setting new benchmarks in efficiency, innovation, and performance. To top it all, these innovations are all made in India," added Lodha.

Netweb Technologies posted a 16.56% growth in profit to ₹30.32 crore in the third quarter ended December 31, 2024, driven by demand for artificial intelligence-related projects. The company had posted a profit of ₹26 crore in the same period a year ago.

Its revenue from operations increased by about 32% to ₹334 crore during the reported quarter from ₹253.4 crore in the December quarter of the last fiscal year.