E2E Networks (E2E) Q1 26/27 earnings summary

Executive summary

• Achieved significant growth in Q1 FY27, with operational revenue rising 334.3% year-over-year and 64.0% sequentially, driven by new platform launches, sovereign AI solutions, and expanded AI infrastructure including deployment of NVIDIA B200 GPU clusters and over 5,100 live GPUs.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, with statutory auditors issuing unmodified review conclusions.

• Executed a 10:1 stock split and listed shares on BSE, broadening investor participation.

• Strengthened leadership with new strategic advisor and senior hires.

Financial highlights

• Q1 FY27 revenue reached INR 1,568 million (₹15,675.99 lakhs), up 334% year-over-year and 64% quarter-on-quarter.

• EBITDA was INR 1,179 million, with margins expanding to 75.2%, up 1,450 basis points from Q4 FY26.

• PAT was INR 439 million (₹5,862.64 lakhs), compared to a net loss in Q1 FY26.

• Revenue growth driven primarily by increased utilization and capacity addition, with only moderate impact from pricing.

• Capex for Q1 FY27 was INR 8,700 million, reflecting continued infrastructure investment.

Outlook and guidance

• Management expects continued aggressive yet judicious capacity expansion, including new B200 and Blackwell GPUs and Vera Rubin deployments in coming months.

• Margins and revenue performance seen as sustainable over the medium to long term, supported by robust demand and operating leverage.

• No specific guidance on exit MRR or future revenue provided; focus remains on historical performance and prudent forecasting.