Netweb Technologies India (NETWEB) Q4 23/24 earnings summary

Executive summary

• Achieved record revenue and profit in FY24, driven by robust demand for high-end computing, AI, and private cloud solutions.

• Successfully completed IPO, strengthening financial position and enabling expansion.

• Strategic partnerships, notably with NVIDIA, and new product launches enhanced technological capabilities.

• Commissioned a new state-of-the-art manufacturing facility in Faridabad.

Financial highlights

• Revenue from operations rose 62.7% to ₹7,240.75 Mn in FY24 from ₹4,449.72 Mn in FY23.

• EBITDA increased 61.9% to ₹1,144.16 Mn; EBITDA margin at 15.8%.

• Profit after tax grew 61.7% to ₹759.03 Mn; PAT margin at 10.48%.

• Net worth reached ₹4,227.52 Mn; debt-equity ratio improved to 0.02.

• Return on equity at 29.4%.

• Dividend of ₹2 per share proposed.

Outlook and guidance

• Strong topline visibility with a pipeline of ₹34,466 Mn and order book of ₹4,112 Mn as of March 31, 2024.

• Focus on expanding into Europe and the Middle East.

• Continued investment in R&D and manufacturing to support growth in AI, HPC, and private cloud.