Netweb Technologies India Limited, one of India’s leading providers of high-end computing solutions (HCS) with fully integrated design and manufacturing capabilities, reported its unaudited financial results for the third quarter of FY26 (ended December 2025) on 17th Jan 2026.
AI Systems contributed approximately 64.2% of revenue in Q3 FY26 and 47.6% in 9M FY26, with sustained demand in HPC and Private Cloud segments.The company’s AI systems, including the Tyrone range, are developed in collaboration with NVIDIA as a manufacturing partner for NVIDIA Grace CPU Superchip and GH200 Grace Hopper Superchip MGX server designs. Netweb builds more than ten server variations under the Tyrone range for applications in AI, HPC, supercomputing, data science, large language models, edge computing, enterprise AI, and design/simulation.
This NSE (National Stock Exchange) listed company’s HCS portfolio includes High Performance Computing (HPC), Private Cloud and Hyper-Converged Infrastructure (HCI), AI Systems, Enterprise Workstations, High Performance Storage (HPS), and Data Centre Servers. It serves a range of sectors including IT, ITES, BFSI, national data centers, defense, education, and R&D institutions.
Key financials for Q3 FY26 showed operating income of ₹8,049.3 million, up 141.0% year-on-year (YoY) from ₹3,339.9 million in Q3 FY25 and 165.0% quarter-on-quarter (QoQ) from ₹3,037.2 million in Q2 FY26. Total income reached ₹8,115.6 million, reflecting 141.9% YoY growth.
Operating EBITDA was ₹979.5 million (up 127.1% YoY) with a margin of 12.2%. Profit after tax (PAT) stood at ₹733.1 million, registering a 146.7% increase from ₹297.2 million in the corresponding quarter last year, resulting in a PAT margin of 9.0%. On a QoQ basis, PAT rose 133.2%.
For the nine-month period (9M FY26), operating income was ₹14,098.6 million (up 92.0% YoY), while PAT reached ₹1,352.2 million (up 90.1% YoY). The quarter included the successful execution of a major strategic order valued at ₹4,503.9 million, described as being of national significance for bolstering India’s AI compute infrastructure. This order significantly contributed to the company’s performance and position as India’s largest Indian-origin OEM in high-end computing solutions.
Net debt as of December 2025 stood at ₹(1,900.8) million, indicating a net cash position. The financial figures reflect a change in inventory valuation policy from FIFO to moving weighted average cost method, with the impact noted as not material.
Chairman and Managing Director Sanjay Lodha highlighted the quarter as the company’s highest-ever in terms of income and profit, attributing the performance to focus on in-house design and manufacturing in line with the ‘Make in India’ initiative and sustained demand across its three strategic growth pillars: HPC, Private Cloud, and AI Systems.
If you are investing into this company:
Not investment advice – always do your own research, consider valuations (high PE), market risks, and consult a financial advisor. But if you're looking at domestic plays benefiting from the AI boom, sovereign compute push, and government initiatives… Netweb deserves a spot on your watchlist.
