E2E Networks (E2E) Q3 25/26 earnings summary

Executive summary

• Achieved robust revenue growth in Q3 FY26, driven by higher capacity utilization, increased enterprise workloads, and early traction from strategic and government contracts, notably IndiaAI Mission and L&T partnership.

• Provides end-to-end cloud infrastructure, storage, and support solutions across multiple countries via four data centers in India, serving AI startups, enterprises, government, and educational institutions.

• Completed Jarvis Labs asset acquisition in December 2025, positioning for global market expansion and enhancing self-service platform capabilities.

• Continued investments in AI/ML cloud GPU infrastructure, with significant new capacity deployed at the Chennai facility.

• Board approved shifting the registered office within New Delhi, effective January 15, 2026.

Financial highlights

• Q3 FY26 operational revenue reached INR 700 million (₹7,002.23 lakhs), up 68.3% year-over-year and 59.8% quarter-on-quarter.

• EBITDA stood at INR 396 million, up 60.9% year-over-year and 120.2% quarter-on-quarter, with EBITDA margin at 56.6%.

• PAT loss for Q3 FY26 was INR 57 million (₹751.20 lakhs), improved by 58% quarter-on-quarter, mainly due to higher depreciation from new GPU deployments and increased finance costs.

• Monthly revenue run rate reached INR 280 million in December 2025.

• Diluted EPS for Q3 FY26 was INR -2.80, down from INR 7.0 in Q3 FY25.

Outlook and guidance

• GPU capacity expected to exceed 5,000 units by March 2026, with significant Blackwell B200 deployments.

• Targeting 35-40 crore MRR by March 2026, with current progress at 70%-80% of the goal.

• Expecting strong revenue momentum in Q4 as IndiaAI Mission workloads ramp up and Blackwell GPU deployments go live.

• Guidance for next year’s MRR and CapEx to be provided in upcoming calls.

• Special resolution approved for raising funds through issuance of equity shares or other eligible securities.