Netweb Technologies reports strong H1 FY26 performance, boosted by AI growth

Netweb Technologies India Limited reported a strong H1 FY26 performance, with operating income increasing 51.1% year-on-year to INR 6,049.4 million and operating EBITDA rising 60.6% to INR 903.2 million, achieving a 14.9% margin. Profit After Tax (PAT) for H1 FY26 grew 49.5% to INR 619.1 million, with a 10.2% margin. The company’s strategic orders totaled INR 21,840 million, to be executed by FY27, bolstering its position as a leading OEM in high-end computing solutions.

The AI segment was a key growth driver, with income from AI systems growing 160.7% year-on-year in H1 FY26 and contributing 25.4% to the company's operating revenue. Netweb also highlighted its diverse customer base, with 202 repeat customers over 5.5 years and 61 new clients onboarded across various industries in H1 FY26.

Cash conversion cycle for September 2025 stood at 120 days, with receivable days at 117 and inventory days at 72. The company’s net debt as of September 2025 was INR (2,379.8) million, reflecting a net cash position.