Netweb Technologies shares surge over 12% after profit more than doubles in December quarter

Shares of Netweb Technologies, the country's leading OEM designing and manufacturing high-end computing solutions company, rose as much as 12% to hit an intraday high of ₹3,753 on the National Stock Exchange on Monday, January 19 after its profit more than doubled in December quarter. On the BSE, Netweb Technologies shares climbed as much as 11.9% to hit an intraday high of ₹3,750.

Netweb Technologies on Saturday reported net profit of ₹79 crore in the third quarter of current financial year, marking a surge of 2.43 times or 143% from ₹30 crore in the same period last year.

The company's revenue in December quarter jumped 141% to ₹805 crore compared with ₹334 crore in the year-ago period.

In a statement on Saturday, the company said this is its highest-ever quarterly profit, driven by demand for artificial intelligence, growth in private cloud and high-performance computing solutions.

Netweb Technologies Chairman and Managing Director Sanjay Lodha said the company has delivered a record-breaking quarter achieving its highest-ever income and profit.

"During the quarter, Netweb executed a large strategic order valued at ₹4,503.9 million (₹450.39 crore), reaffirming its position as India's largest OEM in high-end computing solutions. We would also like to emphasise that alongside the accelerated growth in AI, our other two core segments, HPC and Private Cloud, are also witnessing strong and sustained demand," he said.

The company expects to close the current fiscal year with around 72% growth in total sales at around ₹2,000 crore on a year-over-year basis, a top company official said on Sunday.

Unlike other IT companies, Netweb Technologies did not see any material impact due to the implementation of new labour codes on the company's financial performance during the December 2025 quarter.

In the December 2025 quarter, Netweb successfully executed a large strategic order valued at ₹450.39 crore. The company said the implementation is of national significance, aimed at strengthening India's AI compute infrastructure.

With this, the AI Systems contribution to the Netweb Technologies revenue stood at 64.2% during the quarter and 47.6% in the past nine- month sales of the current fiscal.

As of 11;15 am, Netweb Technologies shares traded 4.32% higher at ₹3,493 in an otherwise weak session, outperforming the NIFTY 500 index which was down 0.6%.